This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A warranty deed for a house is a legal document that transfers ownership rights of a property from the seller (granter) to the buyer (grantee) with certain guarantees and assurances. This type of deed provides the highest level of protection for the buyer, as it ensures that the seller holds clear and marketable title and has the authority to sell the property. In a warranty deed, the granter warrants and guarantees that the property is free from any encumbrances, such as liens, mortgages, or legal claims, except those expressly stated in the deed. The grantee is assured that they are receiving an unencumbered property, and if any defects in title arise in the future, the granter is legally obligated to defend and compensate the grantee for any resulting losses. Keywords: Warranty deed, house, legal document, transfer ownership rights, seller, buyer, guarantees, assurances, the highest level of protection, clear and marketable title, authority to sell, encumbrances, liens, mortgages, defects in title, defend, compensate, losses. Different types of warranty deeds for a house include: 1. General Warranty Deed: This is the most common type of warranty deed and offers the strongest protection for the buyer. It ensures that the seller will defend the title against any claims or issues that arise before or during their ownership of the property. 2. Special Warranty Deed: This type of warranty deed limits the warranty to only the time when the seller owned the property. It guarantees that the seller has not created any encumbrances during their ownership, but it does not protect against issues that existed before their ownership. 3. Quitclaim Deed: Although technically not a warranty deed, a quitclaim deed is often used in real estate transactions. Unlike the other types of warranty deeds, a quitclaim deed does not offer any warranties or guarantees. It simply transfers the seller's interest in the property, if any, to the buyer. This type of deed is commonly used in situations where the buyer and seller have a pre-existing relationship and the buyer is aware of any potential title issues. Keywords: General Warranty Deed, Special Warranty Deed, Quitclaim Deed, common type, the strongest protection, defend title, claims or issues, limits warranty, encumbrances, existed before ownership, interest in property, pre-existing relationship, title issues.
