Glossary of Terms

Warranty Deed 2015-11-11 08:00:00

Warranty Deed

A document that may be used to legally transfer property. A warranty deed states that the owner can legally transfer the property and that no other entity has a claim or lien against it.

With a warranty deed, the grantor (seller or transferor of the property) represents that they hold “clear” or unencumbered title to a property and have the legal right to sell the property or transfer title to the grantee (buyer or receiver of the property).

A warranty deed contrasts to a quitclaim deed in which the seller or transferor makes no representations and provides no warranties as to their legal ownership of a property, right to sell or transfer it, or encumbrances against the real estate.