You can download these 25 Free Warranty Deed Forms as PDF Samples and Templates to assist you in the process of preparing your own Warranty Deed professionally. You can also download our 19 Free Employee Write-up Form Templates and 19 Free Assignment Form Templates as well to fulfill your requirements.
When a property either commercial or residential is sold from one person to another, there are various types of legal documents signed. One of those documents is the warranty deed. This is a simple yet very important and vital document that not only protects the buyers but also makes sure that the seller will be held responsible for any claims done after the property is sold. It makes perfect sense to sign a legal document when you buy or sell a property because without the proof of the transfer, neither the buyer nor the seller has any rights or obligations on the property.
There are various types warranty deeds but two types are more common including; general warranty deed and special warranty deed. A general warranty deed is a document that states that when it is signed between the seller and the buyer, the buyer has all the rights of the property and he can use the property according to his needs and requirements. Here if a claim is made by a third party on the property ownership rights from any period of time, the seller will be responsible to settle the claim without involvement of the buyer. On the other hand, in case of a special warranty deed, the claims will be settled by the seller that go back to the period when he actually owned the property i.e. 5 years or 10 years in some cases.
Uses and Importance of Warranty Deeds:
Perhaps the biggest and most important aspect of a warranty deed is that it allows the buyer to have all the legal rights on the property that he bought even if he hasn’t taken the possession of the property yet. Not only can that but the buyer also free himself from any claims made on the ownership of the property either from an individual or a bank in case of outstanding mortgage. When the seller signs a warranty deed, he is actually agreeing to the fact that there are no outstanding dues or payments on the property and if someone claims any ownership rights on the property later in the future, he is legally responsible to make the settlement without asking for any money from the buyer.
Another important factor of a warranty deed is that it also protects the seller in case there is some illegal use of the property in the future. There are several examples that when a property is transferred between two parties without legal documents transferring the ownership, it creates problems specifically for the seller because the buyer someone misuses the property i.e. use a residential property for commercial purposes. If the seller has the signed copy of the warranty deed with him, even if he is held responsible for illegal activities on a property he used to own, he doesn’t need to worry because the warranty deed will state that when it was signed by the buyer, the ownership is no longer with the seller and now whatever is happening on the property is solely responsibility of the new owner.
Free Warranty Deed Templates
Here are previews and download links for these Warranty Deed Templates in PDF Format.
Download link for this Warranty Deed Template 01 in PDF Format,
source: https://eforms.com/deeds/general-warranty/
Here is download link for this warranty deed template 02 in PDF Format,
Download link for this warranty deed template 03 in PDF Form Format,
Here is download link for this warranty deed template 04 in PDF Format,
Download link for this warranty deed template 05 in PDF Format,
Here is download link for this warranty deed template 06 in PDF Format,
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Here is download link for this warranty deed template 08 in PDF Format,
Download link for this warranty deed template 09 in PDF Format,
Here is download link for this Warranty Deed Form Template 10,
Download link for this warranty deed template 11 in PDF Format,
Here is download link for this warranty deed template 12 in PDF Format,
Download link for this warranty deed template 13 in PDF Format,
Here is download link for this Warranty Deed Form Template 14 in PDF Format,
Download link for this Warranty Deed Form Template 15,
Free Warranty Deed Forms
Here are several Free Warranty Deed Forms in PDF Format to help you quickly print your own Warranty Deed easily.
Download link for this Warranty Deed Form 16 in PDF Format,
Here is download link for this Warranty Deed Form 17 in PDF Format,
Download link for this Warranty Deed Form 18 in PDF Format,
Here is download link for this warranty deed form 19 in PDF Format,
Download link for this warranty deed form 20 in PDF Format,
Here is download link for this warranty deed form 21 in PDF Format,
Download link for this warranty deed form 22 in PDF Format,
Here is download link for this warranty deed form 23 in PDF Format,
Download link for this warranty deed form 24,
Here is download link for this warranty deed form 25 in PDF Format,
Key Elements of a Warranty Deed:
Complete Details of the Seller:
The warranty deed is a legal document stating that the ownership of a property is transferred from one person to another which means it’s really crucial to give full details of the seller in the document. This part should include full name of the seller, his contact number, full address along with description of his job or business.
Complete Details of the Buyer:
In the same manner, it is also important to include full details of the buyer in the warranty deed. This portion of the agreement should mention full name of the buyer, full company name in case a corporation is buying the property, their current address and contact details. The buyer also needs to clearly state the purpose for which he or she is buying the property i.e. residential or commercial use.
Brief Description of the Property:
A warranty deed is considered incomplete if there is no description of the property included in the document. This part of the document should clearly mention the full address of the property along with the city and state it is located it. Then there should be specifics about the property i.e. its type i.e. an apartment, an office building or a farm house, its full area and covered area and when it was built. Sometimes buyers also want the seller to include last date on which property was inspected along with contact details of the inspector.
Full Statement of Guaranty from the Seller:
Now this is the most important part of the warranty deed because here the seller will state that he is the legal owner of the property and as he has decided to sell the property, there is no one forcing him to make this decision and he is willing to sell the property. The seller will also mention the duration for which he owned the property and the purposes he used the property for. This is the part of the warranty deed where the seller would also state that he has the right to sell the property and no one else holds the ownership rights on the property and in case any claim is made in the future, he will take full responsibility for settlement without asking for any money from the buyer.
Signature of both Parties with the Witnesses:
At the end of the warranty deed, both parties; seller and buyer are required to sign the document to make it legal and official. Usually when a property is transferred from one person to another, there are always witnesses involved in the process in case there is any complication of legal claim in the future. When witnesses are in fact involved in the process, they are also required to sign the warranty deed and give their contact information as well.