This is an official Washington form for use in land transactions, a Statutory Warranty Deed [Fulfillment] (with individual acknowledgment). Available in Word and Rich Text format.
In Washington state, a Statutory Warranty Deed is a legal document used to transfer ownership of real property from one party to another. It provides the highest level of protection for the buyer, as it guarantees that the seller holds clear and marketable title to the property, free from any liens, encumbrances, or claims. This type of deed includes certain statutory covenants or promises made by the seller to the buyer. These covenants are legally binding and provide the buyer with assurances regarding the title and condition of the property. The statutory covenants typically found in a Statutory Warranty Deed in Washington state include: 1. Covenant of Basin: This covenant ensures that the seller rightfully owns the property and has the legal authority to transfer it. 2. Covenant of Right to Convey: This covenant guarantees that the seller has the right to sell the property and transfer its ownership. 3. Covenant against Encumbrances: This covenant pledges that the property is free from any liens, mortgages, or other encumbrances, except those explicitly mentioned in the deed. 4. Covenant of Quiet Enjoyment: This covenant guarantees that the buyer will not be disturbed in their ownership or possession of the property due to any third-party claims. 5. Covenant of Warranty: This covenant provides the buyer with a promise that the seller will protect and defend the buyer's ownership rights against any lawful claims that might arise. A Statutory Warranty Deed is commonly used in Washington state for residential and commercial real estate transactions. It ensures that the buyer receives a property with a clear and marketable title, minimizing any potential risks associated with the transfer. In addition to the standard Statutory Warranty Deed, Washington state also recognizes other related types of deeds. These include: 1. Special Warranty Deed: Unlike the Statutory Warranty Deed, a Special Warranty Deed guarantees the seller's ownership rights and protection against claims only during their ownership period. It does not provide protection against claims that arose before the seller acquired the property. 2. Quitclaim Deed: A Quitclaim Deed is used to transfer any ownership interest or claim the seller might have in a property to the buyer. However, it does not guarantee the buyer against any defects or claims on the title. It is important for buyers and sellers in Washington state to understand the different types of deeds available and consult with legal professionals to determine the most appropriate deed for their real estate transaction.
