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What Is a Warranty Deed? A warranty deed is a legal real estate document that protects the buyer and ensures that the seller holds a clear title to the property, has no outstanding liens or mortgages, and there will be no future claim to the title of the property.A warranty deed in Florida transfers ownership of real estate with full warranty of title. The guarantees and disclosures in a general warranty deed mean the new owner can hold the former owner responsible if there is a title defect. Florida warranty deed form to transfer Florida real estate. Attorney-designed and state-specific. A warranty deed is a legal document used in real estate transactions. Click here to learn their purpose and the 6 common things included in them. Yes, a warranty deed transfers ownership of real estate from one party to another. In real estate transactions, a warranty deed provides the full range of protections to the buyer and seller.