A warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another. In Phoenix, Arizona, a warranty deed for surface with limited warranty is a specific type of warranty deed that provides limited guarantees about the condition and ownership of the surface of the property being transferred. This document is commonly used when the transfer of ownership involves only the surface of the property, excluding any minerals or substances beneath the surface. Keywords: Phoenix, Arizona, warranty deed, surface, limited warranty, real estate, property, ownership, minerals, substances, legal document, guarantees. There are various types of Phoenix Arizona warranty deeds, and each serves different purposes in real estate transactions. Some different types of Phoenix Arizona warranty deeds include: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the buyer as it warrants the title against any defects or claims, both past, and future. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the seller has not caused any defects or claims during their ownership. It does not protect against any issues that may have existed before the seller acquired the property. 3. Quitclaim Deed: A quitclaim deed is often used in situations where the transfer of ownership is between family members or acquaintances. It provides the least amount of protection to the buyer as it does not guarantee the title, but simply transfers the seller's interest or claim to the property. 4. Limited Warranty Deed: A limited warranty deed offers some protection to the buyer, but it is not as comprehensive as a general warranty deed. It warrants that the seller has not caused any defects or claims during their ownership but does not protect against issues that may have existed before the seller acquired the property. When using a Phoenix Arizona warranty deed for surface with limited warranty, it is essential to ensure that all necessary information, such as the legal description of the property, the names of the parties involved, and any specific conditions or limitations, are accurately stated within the document. Seeking legal advice or consulting a real estate professional can be immensely helpful in understanding and properly executing this legal document.
Phoenix Arizona Warranty Deed for Surface with Limited Warranty
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FAQ
The Arizona special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
General Warranty Deed It offers the highest level of protection to the buyer because it guarantees that there are absolutely no problems with the home ? even dating back to prior property owners.
The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.
The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee.
The Quitclaim Deed A quitclaim deed provides the least protection for the buyer, and its uses are very limited. This type of deed simply transfers any interest the grantor might have in the property. It doesn't guarantee that the grantor has any interest to convey.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
The Quitclaim Deed A quitclaim deed provides the least protection for the buyer, and its uses are very limited. This type of deed simply transfers any interest the grantor might have in the property. It doesn't guarantee that the grantor has any interest to convey.
