A warranty deed in India is a legal document used in real estate transactions to transfer property ownership from the seller (grantor) to the buyer (grantee). I hope this answers your query, what is a warranty deed on a house. Let me share a few more details regarding the same.
What is a Home Warranty Deed?
It provides the highest level of protection to the buyer by guaranteeing that:
The seller has the legal right to sell the property.
The property is free from any liens, debts, or other encumbrances.
The buyer will be compensated for any future claims or issues related to the property’s title.
Now that you already know what is warranty deed on house, let me focus on the types of Warranty Deeds:
General Warranty Deed: Offers the most comprehensive protection, covering the entire history of the property.
Special Warranty Deed: Guarantees only against issues that arose during the seller’s ownership.
These deeds are crucial for ensuring a secure and transparent property transaction.
Get Property Documents Verification Done with Expert Advocates from NoBroker Legal ServicesRead More:
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What is a Warranty Deed on a House?
Sandhya
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2024-09-16T15:26:17+00:00 2024-09-29T10:38:56+00:00Comment
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