This form is a Warranty Deed where the grantor is an individual and the grantee is an individual. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
A Warranty Deed is a legal document used in Indianapolis, Indiana, to transfer ownership of real estate property from one individual (granter) to another individual (grantee) while providing certain assurances and warranties. In Indianapolis, Indiana, there are two main types of Warranty Deed from Individual to Individual: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee. The granter guarantees that they own the property free and clear of any encumbrances or title defects, except those specifically mentioned in the deed. The granter also promises to defend the grantee against any claims or legal disputes arising from the property's ownership history. This warranty extends back to the property's origins, ensuring complete peace of mind for the grantee. 2. Special Warranty Deed: In contrast to the General Warranty Deed, the granter of a Special Warranty Deed makes limited warranties to the grantee. They guarantee that they have not caused any title defects during their ownership of the property. This type of deed provides assurances against any claims or encumbrances that may have arisen due to the granter's actions but does not cover issues originating prior to their ownership. Thus, the grantee is shielded from any claims that the property was encumbered during the granter's ownership but may still be exposed to any pre-existing title defects. Both types of Warranty Deed require specific information to be included: 1. Granter and Grantee Information: The full legal names, addresses, and contact details of both the granter and grantee must be clearly stated. 2. Legal Description of the Property: The deed should provide an accurate and detailed legal description, specifying the boundaries, lot number, and any additional relevant information that accurately represents the property being transferred. 3. Consideration or Purchase Price: The agreed-upon purchase price or any other consideration exchanged for the transfer of property must be clearly stated in the deed. 4. Warranties and Covenants: The deed must contain the specific language and assurances related to the chosen type of Warranty Deed. For a General Warranty Deed, the granter's warranties should be comprehensive and cover the entire history of the property. On the other hand, a Special Warranty Deed should include limited warranties that protect the grantee from defects created by the granter's actions. 5. Granter's Signature and Notarization: The granter must sign the deed in the presence of a notary public, who will authenticate their signature. The notary will also secure the official seal and acknowledgement, verifying the granter's identity. By utilizing a Warranty Deed from Individual to Individual in Indianapolis, Indiana, both the granter and grantee can have confidence and reassurance regarding the property's ownership history and legal standing. Each type of deed provides varying degrees of protection to the grantee, allowing for informed decisions during real estate transactions.A Warranty Deed is a legal document used in Indianapolis, Indiana, to transfer ownership of real estate property from one individual (granter) to another individual (grantee) while providing certain assurances and warranties. In Indianapolis, Indiana, there are two main types of Warranty Deed from Individual to Individual: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee. The granter guarantees that they own the property free and clear of any encumbrances or title defects, except those specifically mentioned in the deed. The granter also promises to defend the grantee against any claims or legal disputes arising from the property's ownership history. This warranty extends back to the property's origins, ensuring complete peace of mind for the grantee. 2. Special Warranty Deed: In contrast to the General Warranty Deed, the granter of a Special Warranty Deed makes limited warranties to the grantee. They guarantee that they have not caused any title defects during their ownership of the property. This type of deed provides assurances against any claims or encumbrances that may have arisen due to the granter's actions but does not cover issues originating prior to their ownership. Thus, the grantee is shielded from any claims that the property was encumbered during the granter's ownership but may still be exposed to any pre-existing title defects. Both types of Warranty Deed require specific information to be included: 1. Granter and Grantee Information: The full legal names, addresses, and contact details of both the granter and grantee must be clearly stated. 2. Legal Description of the Property: The deed should provide an accurate and detailed legal description, specifying the boundaries, lot number, and any additional relevant information that accurately represents the property being transferred. 3. Consideration or Purchase Price: The agreed-upon purchase price or any other consideration exchanged for the transfer of property must be clearly stated in the deed. 4. Warranties and Covenants: The deed must contain the specific language and assurances related to the chosen type of Warranty Deed. For a General Warranty Deed, the granter's warranties should be comprehensive and cover the entire history of the property. On the other hand, a Special Warranty Deed should include limited warranties that protect the grantee from defects created by the granter's actions. 5. Granter's Signature and Notarization: The granter must sign the deed in the presence of a notary public, who will authenticate their signature. The notary will also secure the official seal and acknowledgement, verifying the granter's identity. By utilizing a Warranty Deed from Individual to Individual in Indianapolis, Indiana, both the granter and grantee can have confidence and reassurance regarding the property's ownership history and legal standing. Each type of deed provides varying degrees of protection to the grantee, allowing for informed decisions during real estate transactions.
