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warranty deed
noun
- a deed containing a covenant of warranty.
Word History and Origins
Origin of warranty deed1
Example Sentences
There are no protections offered in the quitclaim deed, which is one reason why it is not used as often as the general warranty deed.
The general warranty deed guarantees the grantee that there are no liens or other problems with the property deed, and that the grantor will do whatever needs to be done to make the process as smooth as possible.
A general warranty deed is a broad document that offers a wide range of protections, while a special warranty deed only offers protections that the grantor can guarantee.
In other words, the special warranty deed guarantees that the information about the property is accurate based only on the time the grantor has owned the property. if there was an issue with the deed before the grantor bought the property, the special warranty deed does not cover that problem.
A general warranty deed offers protections for the grantee against any information the grantor might leave out when completing the deed.
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