Editable Warranty Deed Template [PDF & Word]
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Warranty Deed Overview
A Warranty Deed is an important document for transferring real estate property from one person to another, helping to protect the buyer. The paperwork guarantees that the person selling the property owns the land they are selling and that there are no liens or encumbrances on the property. A Warranty Deed also gives the buyer legal recourse in case any issues arise with the title after the sale.
Writing this document before your next property purchase will grant you the highest confidence and protection possible. You must follow all requirements for a valid warranty deed, as any errors or omissions could lead to legal complications. That means ensuring all names are spelled correctly, and all pertinent information is on the page. We’ll walk you through the project step by step and help provide peace of mind for both parties involved in a real estate transaction.
Key Takeaways:
- A Warranty Deed transfers property with an assurance that the seller has rights to sell.
- You need a Warranty Deed when you are buying or selling a property, or transferring ownership of a property.
- Components of a Warranty Deed include the names and addresses of the buyer and seller, the legal description of the property, and any relevant terms and conditions of the sale.
Pro Tip:
Check title before transferring ownership: Perform title search or hire title company.
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What is a Warranty Deed?
A warranty deed is a binding agreement between the seller (grantor) and the buyer (grantee) to transfer real estate ownership between them. The document certifies that the grantor has the full legal right to sell their property, guaranteeing that they are selling their property free and clear of any liens, mortgages, or encumbrances. In other words, it assures the buyer that they are getting clear title to the property and that the seller will defend their ownership against any claims made by others.
With a warranty deed, the seller guarantees that they have clear title to the property and that there are no outstanding claims against it. This means that if any issues arise after the sale, such as unpaid taxes or undisclosed liens, the seller is responsible for resolving them. It brings more protection to the buyer than a Quitclaim Deed, which offers no guarantees of getting a clear title to the property.
You can use LegalSimpli’s Warranty Deed template to cover all your bases and ensure a smooth and successful real estate sale. Check out our free Warranty Deeds samples, or head straight to our fillable template, where all you need to do is fill in the boxes and print your document. Our documents outline the terms and conditions of the sale, including the property description, purchase price, and any contingencies that must be met before the sale can be completed.
When Do I Need a Warranty Deed?
Essentially, you should consider using a Warranty Deed whenever you transfer property ownership. There is no harm in bringing extra protection to a transaction, especially one as significant as a home or land sale. Here are some common situations for Warranty Deeds:
- Buying or selling a property: If you are buying or selling a property, Warranty Deeds ensure that the title is clear of any liens or encumbrances.
- Transferring property to a trust: If you want to transfer your property into a trust, a Warranty Deed can be used to transfer ownership and ensure that the trust has clear title to the property.
- Adding a contingency: If the seller has agreed to perform a specific action or meet certain conditions before the sale becomes official, a Warranty Deed can get that agreement in writing.
- Adding or removing a co-owner: If you want to add or remove a co-owner from the title of your property, a Warranty Deed can be used to transfer ownership and ensure that the title is clear.
- Refinancing a mortgage: If you are refinancing your mortgage, a Warranty Deed may be required to transfer ownership of the property to the new lender and ensure that the title is clear.
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Pro Tip:
Execute deed properly: Sign in presence of notary, verify signatory.
Components of a Warranty Deed
Warranty Deeds are a critical part of any real estate transaction. Any missing information from this document could tremendously complicate a property sale.
LegalSimpli will help you make sure these key components are on your Warranty Deed:
- Grantor: The person or party who is selling or transferring the property
- Grantee: The person or party who is buying or receiving the property
- Property Description: A detailed description of the property being transferred, including its legal description and any relevant boundaries, structures, or features
- Title: A statement that the grantor is legally authorized to sell or transfer the property and that there are no liens or encumbrances on the title
- Warranties: Promises from the grantor that they have clear title to the property, that there are no undisclosed defects or issues, and that they will defend the title against any future claims or challenges
- Signatures: Both the grantor and grantee must sign and date the warranty deed for it to be legally binding.
Our customizable warranty deed form meets all these requirements and even allows both parties to sign the document directly from your computer. Download our sample warranty deed today and get started on your next property transfer!
What are the Advantages of using a Warranty Deed fillable template?
A Warranty Deed template protects your investment, and you can never have too much protection when buying a home. Our sample warranty deeds provide clear and concise outlines of the terms and conditions of the transfer, including any warranties or guarantees that the seller is making, and help avoid any confusion or disputes arising later on.
Rather than hiring a lawyer to draft a custom document, you can browse our free templates, fill in a few boxes, and download or email out a printable warranty deed. You can even use our E-sign feature to skip a step and send your paperwork directly to be filed.
Whether you are buying or selling real estate, LegalSimpli’s Warranty Deed template provides numerous benefits and help to ensure a smooth and successful transaction.
Disclaimer:
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Consequences of not Having a Warranty Deed
Without a Warranty Deed, the buyer may not have any legal ownership of the property they paid for. This means that if another person claims ownership of the property, the buyer may lose their investment. Plus, Not having a Warranty Deed could make getting title insurance a difficult or impossible task.
If the seller in your transaction doesn’t want to use a Warranty Deed, you should consider that a red flag. It could mean there are issues with the property that they want to avoid being responsible for fixing. Or, there could be liens or judgments against the property that the buyer would not be aware of. A Warranty Deed should be a non-negotiable aspect of a home purchase.
Not using a thorough template to fill out your Warranty Deed would also be disadvantageous. If things aren’t filled out correctly, and if the proper information ins’t included, your Warranty Deed could be voided. Everything, from the names of the interested parties to the terms that define how you will hold the title, must be included. Using a template for this complicated legal document will help avoid title issues in the future.
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Read the Highlights:
A Warranty Deed is an essential legal document that guarantees the transfer of property ownership from one party to another. It protects the buyer from future legal disputes arising from the property’s ownership. As a property owner, it is crucial to have a Warranty Deed in place to avoid potential legal issues.
Any time a property changes ownership, you should look into attaching a Warranty Deed to the paperwork, even if you’re just adding a spouse’s name to the title.
Using LegalSimpli’s fillable template will help you complete all the important details and finish your Warranty Deed faster. Take advantage of our easy-to-use, step-by-step processes to breeze through the document’s completion.
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Pro Tip:
Include all info in deed: Names of grantor/grantee, property description, terms/conditions.
Failure to include info can render deed invalid/unenforceable.
Failure to include info can render deed invalid/unenforceable.
Common Questions About Warranty Deed Templates
We've got you covered.
A warranty deed form is a legal document that transfers ownership of property from one party to another while guaranteeing that the property is free of any liens or encumbrances. You need a warranty deed form to ensure a clear title and protect your investment in the property. Use LegalSimpli today to ccreate a warranty deed form in just minutes without hiring a lawyer.
LegalSimpli offers hundreds of editable legal forms and templates, including a free warranty deed template. Start by choosing the form you need and follow the simple steps to fill out the document. You can then download, print or send the legal form to fit your needs.
To be valid, a warranty deed transfer must include the names of the grantor and grantee, a legal description of the property, and any relevant warranties or guarantees. It must also be signed and notarized by both parties. LegalSimpli helps you create a legally binding warranty deed that you and all parties can sign electronically to save money and time.
A warranty deed provides greater protection for the buyer by guaranteeing that the property is free of any liens or encumbrances. A quitclaim deed, on the other hand, only transfers the grantor's interest in the property without making any guarantees about its title. Use LegalSimpli to customize the template you need in just a few minutes!
Yes, a warranty deed can be used for any type of property transfer, including sales, gifts, and inheritances. LegalSimpli has hundreds of templates and forms to help you solve all your legal matters without hiring an attorney.
You can create and customize a warranty deed using an editable template from LegalSimpli. After filling out the form with the required information, you can add your electronic signature and request electronic signatures from others within minutes!