Full Covenant and Warranty Deed. This type of deed simply conveys the grantor's rights or interest in real estate, without any agreement or covenant as to the nature or extent of that interest, or any other covenants.
What is Warranty Deed?
- A bond proves that the grantee has clear ownership of the property and has the right to sell it to the grantee, as opposed to a receipt that does not guarantee that the seller owns the title.
- It is a kind of certificate that guarantees of properties.
- A general Warranty Deed protects the beneficiary against legal defects that may arise at any time and are traced back to the origin of the property.
- The Special Warranty Deed only protects the grantee against legal defects resulting from acts or omissions of the grantor.
- Warranty Deed may contain six traditional forms of covenants of title, sometimes referred to as English covenants of title.
- These six traditional forms of alliance can be divided into her two categories : Current and future alliances.
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