This form is a Limited Warranty Deed where the grantor is an individual and the grantee is an individual.
A Limited Warranty Deed from Individual to Individual is a legal document used in Lee's Summit, Missouri, that transfers property ownership rights from one individual to another, with a limited warranty or guarantee. This type of deed ensures that the property is transferred without any undisclosed defects in the title, but provides limited protection against potential claims or issues that may arise. In Lee's Summit, Missouri, there are a few different types of Limited Warranty Deeds from Individual to Individual available: 1. General Limited Warranty Deed: This type of deed transfers property ownership with a limited warranty, guaranteeing that the seller has the right to transfer the property and that no undisclosed defects exist. It provides the buyer with some protection against claims or issues that may arise from the past actions of the seller. 2. Special Limited Warranty Deed: Similar to the general limited warranty deed, a special limited warranty deed also guarantees that the seller has the right to transfer the property, but it limits the warranty only to the period during which the seller owned the property. This means that the seller is not responsible for any claims or issues that may have arisen before they acquired the property. 3. Statutory Limited Warranty Deed: In Lee's Summit, Missouri, there is a specific statutory form for a limited warranty deed that can be used to transfer property ownership from an individual to another individual. This type of deed follows the guidelines set by the state statutes, ensuring that all necessary requirements and obligations are met. 4. Customized Limited Warranty Deed: While there are standard forms of limited warranty deeds available, parties in Lee's Summit, Missouri, can also create customized limited warranty deeds suited to their specific needs and circumstances. These customized deeds may include additional terms or provisions to address any unique considerations relevant to the property transfer. When drafting or reviewing a limited warranty deed, it's essential to consult with a qualified real estate attorney to ensure that all legal requirements and considerations are met.A Limited Warranty Deed from Individual to Individual is a legal document used in Lee's Summit, Missouri, that transfers property ownership rights from one individual to another, with a limited warranty or guarantee. This type of deed ensures that the property is transferred without any undisclosed defects in the title, but provides limited protection against potential claims or issues that may arise. In Lee's Summit, Missouri, there are a few different types of Limited Warranty Deeds from Individual to Individual available: 1. General Limited Warranty Deed: This type of deed transfers property ownership with a limited warranty, guaranteeing that the seller has the right to transfer the property and that no undisclosed defects exist. It provides the buyer with some protection against claims or issues that may arise from the past actions of the seller. 2. Special Limited Warranty Deed: Similar to the general limited warranty deed, a special limited warranty deed also guarantees that the seller has the right to transfer the property, but it limits the warranty only to the period during which the seller owned the property. This means that the seller is not responsible for any claims or issues that may have arisen before they acquired the property. 3. Statutory Limited Warranty Deed: In Lee's Summit, Missouri, there is a specific statutory form for a limited warranty deed that can be used to transfer property ownership from an individual to another individual. This type of deed follows the guidelines set by the state statutes, ensuring that all necessary requirements and obligations are met. 4. Customized Limited Warranty Deed: While there are standard forms of limited warranty deeds available, parties in Lee's Summit, Missouri, can also create customized limited warranty deeds suited to their specific needs and circumstances. These customized deeds may include additional terms or provisions to address any unique considerations relevant to the property transfer. When drafting or reviewing a limited warranty deed, it's essential to consult with a qualified real estate attorney to ensure that all legal requirements and considerations are met.
