Free Arizona Conveyance (Special Warranty) Deed Form.
A warranty deed is a type of deed that warrants or promises that the grantor (person giving the property) does in fact completely own the property and has the legal rights to transfer it to the grantee (person getting the property) free of any liens, encumbrances, debt or other liabilities. Once a warranty deed is executed it should be recorded by the local government, typically at the county.
A correcting deed has to be prepared and refiled at a later date to address errors on a previously filed warranty deed. 1 Get a copy of the current deed for the property, if you do not have the.
A Special Warranty Deed is only promising that nothing happened to property during the current seller's ownership. If you're the seller, you can potentially remove yourself from certain issues down the road that you had no part in. And if you're the buyer, you might be okay with this but you should understand that this document is very different than other kinds of warranty deeds.
Limited Warranty Deed. On the Closing Date, Seller shall convey to Buyer fee simple marketable title to the Property by recordable limited (special) warranty deed (the “Deed”), free and clear of all liens and encumbrances, except (i) liens for real property taxes and assessments due and payable in the year of Closing and thereafter, (ii) easements, restrictions and other matters of record.
How a Special Warranty Deed Works. A special warranty deed transfers title from one owner (called a grantor) to another owner (called a grantee).The title is transferred with a limited warranty of title. By signing the deed, the grantor promises that—for as long as the grantor has owned the property—nothing has happened that would cause title issues for the grantee.
A special warranty deed conveys the grantor's title to the grantee and promises to protect the grantee against title defects or claims asserted by the grantor and any persons whose right to assert a claim against the title arose during the period in which the grantor held title to the property. In a special warranty deed, the grantor guarantees to the grantee that the grantor has done nothing.
The Idaho special warranty deed is a legal document that is limited in nature, as it will only guarantee that the Grantor (seller) does, in fact, own the property and may legally sell it.As well and with regard to the deed, the Grantor, by provision of this document, promises that there have never been any third party claims against the property or deed while in ownership of the Grantor.