This form is a Special Warranty Deed where the Grantor is an Individual and the Grantee is an individual. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
The Lakewood Colorado Special Warranty Deed is a legal document used in real estate transactions where an individual conveys property ownership rights to another individual. In this type of deed, the seller (granter) guarantees that they have clear title to the property and will defend against any claims or challenges that may arise during their ownership. A Special Warranty Deed differs from a General Warranty Deed by providing a more limited warranty. The seller only guarantees that they have not personally caused any title defects during their ownership, rather than guaranteeing against any defects that may have existed before their ownership. This means that the seller will only defend against claims that arose during their ownership period. It is crucial for both the buyer (grantee) and seller to carefully review the special warranty deed to ensure that the property's boundaries, legal description, and any specific restrictions or encumbrances are accurately stated. Additionally, the deed must be properly executed, signed, and notarized to make it legally binding. Other types of Lakewood Colorado Special Warranty Deeds from an Individual to an Individual might include: 1. Joint Tenancy Deed: This special warranty deed is used when two or more individuals wish to own a property together with rights of survivorship. In the event of the death of one owner, their share automatically passes to the surviving co-owners. 2. Tenants in Common Deed: This special warranty deed is suitable when two or more individuals want to own a property with distinct shares. Each owner has the right to transfer or sell their share independently. In case of the death of an owner, their share is passed onto their heirs. 3. Life Estate Deed: This special warranty deed grants an individual the right to possess and use a property for their lifetime, known as the life tenant. After the life tenant's demise, the property ownership transfers to a remainder man, who typically inherits the property. These different types of Lakewood Colorado Special Warranty Deeds provide flexibility to individuals regarding ownership structures and rights. It is essential to consult with a real estate attorney or title company to ensure compliance with all legal requirements and fully understand the implications of each type of deed in specific circumstances.The Lakewood Colorado Special Warranty Deed is a legal document used in real estate transactions where an individual conveys property ownership rights to another individual. In this type of deed, the seller (granter) guarantees that they have clear title to the property and will defend against any claims or challenges that may arise during their ownership. A Special Warranty Deed differs from a General Warranty Deed by providing a more limited warranty. The seller only guarantees that they have not personally caused any title defects during their ownership, rather than guaranteeing against any defects that may have existed before their ownership. This means that the seller will only defend against claims that arose during their ownership period. It is crucial for both the buyer (grantee) and seller to carefully review the special warranty deed to ensure that the property's boundaries, legal description, and any specific restrictions or encumbrances are accurately stated. Additionally, the deed must be properly executed, signed, and notarized to make it legally binding. Other types of Lakewood Colorado Special Warranty Deeds from an Individual to an Individual might include: 1. Joint Tenancy Deed: This special warranty deed is used when two or more individuals wish to own a property together with rights of survivorship. In the event of the death of one owner, their share automatically passes to the surviving co-owners. 2. Tenants in Common Deed: This special warranty deed is suitable when two or more individuals want to own a property with distinct shares. Each owner has the right to transfer or sell their share independently. In case of the death of an owner, their share is passed onto their heirs. 3. Life Estate Deed: This special warranty deed grants an individual the right to possess and use a property for their lifetime, known as the life tenant. After the life tenant's demise, the property ownership transfers to a remainder man, who typically inherits the property. These different types of Lakewood Colorado Special Warranty Deeds provide flexibility to individuals regarding ownership structures and rights. It is essential to consult with a real estate attorney or title company to ensure compliance with all legal requirements and fully understand the implications of each type of deed in specific circumstances.
