Warranty Deed
A deed in which the grantor guarantees that they hold clear title to the property and have the right to sell it, providing the highest level of buyer protection.
Encyclopedia entry: Warranty Deed
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warranty deed
A warranty deed is a legal document used in real estate transactions where the grantor (seller ) guarantees clear title to the property being sold. It assures the grantee (buyer ) that the property is free from any liens , encumbrances , or claims , except those explicitly stated in the deed . This deed offers the highest level of protection to the buyer during the transfer of ownership .
[Last reviewed in July of 2024 by the Wex Definitions Team
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Encyclopedia content from Cornell LII Wex (CC-BY-NC-SA 2.5).
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.