This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is an Individual. Grantor grants and coveys the described property to Grantee. Grantor warrants and will defend the property against only those claiming by, through or under Grantor and not otherwise. This deed complies with all state statutory laws.
A Lima Arizona Special Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real property between two individuals in Pima County, Arizona. This type of deed provides certain warranties from the seller, known as the granter, to the buyer, known as the grantee. The key feature of a special warranty deed is that the granter warrants the title to the property against any defects or encumbrances that may have occurred during their ownership. However, the granter does not provide any warranties or guarantees regarding any issues that may have existed prior to their ownership. This makes it different from a general warranty deed, which provides comprehensive warranties for the entire ownership history of the property. When executing a Lima Arizona Special Warranty Deed from Individual to Individual, it is crucial to follow the specific requirements outlined by Arizona law. The deed must include the legal description of the property, the names of the granter and grantee, and the consideration paid for the property. Additionally, it must be signed by the granter in the presence of a notary public for validity. There are no specific subtypes of Lima Arizona Special Warranty Deed from Individual to Individual. However, it is essential to note that these deeds can be used for various property transactions, including residential homes, vacant land, or commercial properties. Regardless of the property type, a special warranty deed ensures that the grantee receives an unencumbered title to the property with limited protection against defects arising from the granter's ownership period. In conclusion, a Lima Arizona Special Warranty Deed from Individual to Individual is a legally binding document that facilitates the transfer of real property from one individual to another. By utilizing this deed, the grantee receives certain warranties from the granter, ensuring a relatively clean title to the property acquired. It is crucial for both parties involved in the transaction to understand the implications of a special warranty deed and to consult with a qualified real estate attorney to ensure compliance with Arizona law.
