A warranty deed template typically includes essential components such as the names of the grantor (seller) and grantee (buyer), a legal description of the property, a statement of work consideration (purchase price), covenants or warranties (guarantees by the grantor of clear title and protection against future claims), the grantor's signature, and the acknowledgment by a notary public. These elements establish the legal transfer of real property from the grantor to the grantee with assurances that the property is free from undisclosed encumbrances or defects in title.
Yes, a properly executed warranty deed template is a legally binding document. It serves as a formal and legally recognized instrument for transferring real property lease rights from the grantor to the grantee. By signing the warranty deed, the grantor guarantees that they have a valid title to the property and that it is free from undisclosed encumbrances or claims. A breach of the warranties can lead to legal consequences, including potential liability for any title defects.
Warranty deed templates can be customized to some extent to accommodate the specific terms of service and conditions of a property transfer. However, certain legal requirements and language must be retained to ensure the deed's validity and enforceability. Parties can negotiate and modify the template to reflect purchase price, property description, and any additional terms, as long as the core elements of a warranty deed, including the grantor's warranties and acknowledgment by a notary public, remain intact. Consulting with legal professionals is advisable when making significant changes or when addressing specific legal considerations in the property transfer.You may also look into free agreement templates designed specifically for business and professional use by the Legitt team.
This Warranty Deed (the “Agreement”) is made and effective [DATE],
BETWEEN: [YOUR COMPANY NAME] (the "Grantor"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
[YOUR COMPLETE ADDRESS]
AND: [GRANTEE NAME] (the "Grantee"), a corporation organized and existing under the laws of the [State/Province] of [STATE/PROVINCE], with its head office located at:
For good consideration, Grantor hereby bargain, deed and convey to Grantee the land legally described as [describe], free and clear with Warranty.
Grantor, for itself and its heirs, hereby covenants with Grantee, its heirs, and assigns, that Grantor is lawfully seized in fee simple of the above-described premises; that it has a good right to convey; that the premises are free from all encumbrances; that Grantor and its heirs, and all persons acquiring any interest in the property granted, through or for Grantor, will, on demand of Grantee, or its heirs or assigns, and at the expense of Grantee, its heirs or assigns, execute and instrument necessary for the further assurance of the title to the premises that may be reasonably required; and that Grantor and its heirs will forever warrant and defend all of the property so granted to Grantee, its heirs, against every person lawfully claiming the same or any part thereof.
Being the same property conveyed to the Grantor by deed of [date].
IN WITNESS WHEREOF, each party to this agreement has caused it to be executed at [place of execution] on the date indicated below.
Authorized Signature Authorized Signature
Print Name and Title Print Name and Title
State of [state]
County of [county]
On [date] before me, [name of notary], notary, personally appeared [name of person(s) involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.