Warranty Deed

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Raleigh
• Control #: NC-02-78
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A Raleigh North Carolina General Warranty Deed from Individual to Individual is a legally binding document that transfers ownership of a property from one individual to another, providing the buyer with certain warranties or guarantees regarding the property's title. In this type of deed, the seller (granter) guarantees that they have full legal ownership of the property and has the right to sell it. The granter also ensures that the property is free from any liens, encumbrances, or other claims that may affect the buyer's ownership rights in the future. A General Warranty Deed in Raleigh, North Carolina, provides the buyer (grantee) with the broadest level of protection and is commonly used in real estate transactions to convey fee simple ownership. It offers several warranties or covenants, including: 1. Covenant of Basin: The granter warrants that they have valid legal title to the property and has the right to sell it. 2. Covenant of Right to Convey: The granter assures that they have the authority to transfer the property to the buyer. 3. Covenant Against Encumbrances: The granter guarantees that there are no hidden liens, easements, or encumbrances on the property, except those specifically disclosed. 4. Covenant of Quiet Enjoyment: The granter assures the buyer that they will not face any legal claims to the property from other parties. 5. Covenant of Warranty Forever: The granter promises to defend the buyer's ownership rights against any future claims and to compensate them for any losses suffered due to a defect in the title. Different variations of General Warranty Deeds in Raleigh, North Carolina, may include: 1. Statutory form: The State of North Carolina provides a standardized statutory form that can be used for General Warranty Deeds. This form ensures compliance with state laws and includes all the necessary covenants and warranties. 2. Customized deeds: Parties involved in the transaction can create their own General Warranty Deed using specific language and provisions to meet their unique requirements. These customized deeds are often used in complex real estate deals or situations where additional terms need to be included. When conducting a property transaction in Raleigh, North Carolina, it is crucial to consult with a qualified real estate attorney to ensure that the General Warranty Deed accurately reflects the parties' intentions, complies with all legal requirements, and offers the necessary protections to both the buyer and the seller.

A Raleigh North Carolina General Warranty Deed from Individual to Individual is a legally binding document that transfers ownership of a property from one individual to another, providing the buyer with certain warranties or guarantees regarding the property's title. In this type of deed, the seller (granter) guarantees that they have full legal ownership of the property and has the right to sell it. The granter also ensures that the property is free from any liens, encumbrances, or other claims that may affect the buyer's ownership rights in the future. A General Warranty Deed in Raleigh, North Carolina, provides the buyer (grantee) with the broadest level of protection and is commonly used in real estate transactions to convey fee simple ownership. It offers several warranties or covenants, including: 1. Covenant of Basin: The granter warrants that they have valid legal title to the property and has the right to sell it. 2. Covenant of Right to Convey: The granter assures that they have the authority to transfer the property to the buyer. 3. Covenant Against Encumbrances: The granter guarantees that there are no hidden liens, easements, or encumbrances on the property, except those specifically disclosed. 4. Covenant of Quiet Enjoyment: The granter assures the buyer that they will not face any legal claims to the property from other parties. 5. Covenant of Warranty Forever: The granter promises to defend the buyer's ownership rights against any future claims and to compensate them for any losses suffered due to a defect in the title. Different variations of General Warranty Deeds in Raleigh, North Carolina, may include: 1. Statutory form: The State of North Carolina provides a standardized statutory form that can be used for General Warranty Deeds. This form ensures compliance with state laws and includes all the necessary covenants and warranties. 2. Customized deeds: Parties involved in the transaction can create their own General Warranty Deed using specific language and provisions to meet their unique requirements. These customized deeds are often used in complex real estate deals or situations where additional terms need to be included. When conducting a property transaction in Raleigh, North Carolina, it is crucial to consult with a qualified real estate attorney to ensure that the General Warranty Deed accurately reflects the parties' intentions, complies with all legal requirements, and offers the necessary protections to both the buyer and the seller.