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What exactly is a Warranty Deed?

Warranty deeds are legal documents that represent the transfer of real estate property from one person (the grantor) to another (the grantee). Even though both represent the transfer of property, a warranty deed and a quitclaim deed should not be confused. A warranty deed gives the recipient more protection because it guarantees that the grantee owns the property free and clear of liens, mortgages, or other barriers to ownership.


Warranty Deed format


|Warranty Deed Form

Why do you need a Warranty Deed?

An adequately designed warranty deed fully protects both parties' rights and interests, ensuring that each party has the ability to take legal action if the other party engages in wrongdoing. Possession, exclusion, disposition, and the right to control are examples of these rights.

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The warranty deed guarantees that the owner owns the property free and clear of all liabilities, mortgages, and other encumbrances. Warranty deeds can aid in the preservation of real estate records for taxation purposes.

The transaction of selling property may have a significant influence on your tax file, which you must disclose to the local Revenue Service (RS). Documenting and writing down your real estate transactions might save you time and money in the long run.

When should you use a Warranty Deed?


When you sell or buy real estate, you must keep detailed records of your financial transactions. Although warrant deeds are not necessary for all transactions, they are strongly recommended for significant single purchases, notably real estate. A legally established written contract will provide each party with specific details about the sale and how the transaction will take place.

Sample Templates

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What are the key components of a Warranty Deed?

It contains critical information such as a full description of the property, payment terms, and the registration or possession date, demonstrating that both parties are serious about the transaction. The warranty deed should ideally include the following information:

  • Name, address, profession, and other information about the seller (the grantor) and buyer (the grantee)
  • Details about the item being sold
  • When will the grantee receive the item?
  • What is the buyer's price for this item?
  • Cash, stock, and other forms of payment
  • Dispute Resolution Procedure

Aside from that, the warranty deeds include the country's laws, which will be carried out behind the lines of the agreement. In addition, the relevant tax information, which the buyer is expected to be aware of and pay, should be fully detailed in a warranty deed.

What are some of the most typical blunders to avoid?

The following are the most typical mistakes people make when preparing a real estate purchase agreement: Making any of these blunders can jeopardize your real estate property and put your earnest money in jeopardy.

  • Making a pact with the wrong person
  • Drafting in an illegal diction
  • Incorrect buyer or seller names, addresses, or contact information
  • Failure to select the proper method of a buy-sell agreement
  • There is no efficient dispute resolution method.
  • Failure to specify the closing circumstances
  • Inclusion of all required third parties
  • The absence of a notary seal
  • On a non-homestead statement, the grantors' marital status is missing.

Do I need to engage a lawyer, accountant, or notary to aid me?

You can write a warranty deed without needing a lawyer, accountant, or notary. If you have intended to buy or sell the business property, you can establish your warranty deed by utilizing our PayStub Makers.

PayStub Makers takes the worry out of drafting legally binding papers, making sure your data is 100% secure and private. With a staff of lawyers, entrepreneurs, and tax specialists on board to assist you with inquiries and intuitive software to take you through each stage of the process, You can obtain the necessary documentation for a fraction of the cost charged by an attorney.

Why should you use our warranty deed generator?

Our simple purchase agreement generator was developed by a team of lawyers and business professionals, and you can have one for a fraction of the expense of hiring an attorney. Our application provides a membership option that allows you to create an infinite number of purchase agreements at a minimal cost.


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