JumpySubsequentDolphin
23:42
Warning
Info
Warning
Info
LSDefine
Simple English definitions for legal terms
general warranty deed
Read a random definition: lawful money
A quick definition of general warranty deed:
A general warranty deed is a legal document that shows who owns a piece of land. It is a type of deed that promises that the person selling the land has the right to do so and that there are no hidden problems with the property. This means that if there are any issues with the land, the seller is responsible for fixing them. It is an important document to have when buying or selling property.A more thorough explanation:
A general warranty deed is a type of that provides the highest level of protection for the buyer of a property. It guarantees that the seller has clear title to the property and will defend the buyer against any claims made by third parties.
For example, if John sells his house to Jane using a general warranty deed, he is guaranteeing that he is the rightful owner of the property and that there are no liens or other claims against it. If a third party later comes forward with a claim to the property, John is responsible for defending Jane's ownership.
General warranty deeds are commonly used in real estate transactions to provide buyers with peace of mind and protection against unforeseen legal issues.