Carl Glendon

How Does A Quit Claim Deed Differ From A General Warrantee Deed

Buying properties and homes usually involves a whole lot of paper work among which 'deeds' hold tremendous weight. Deeds are basically documents that are dedicated to establishing transfer of ownership of the property along with all associated matters in a strictly legal format. At present, there are two types of deeds... the Quitclaim deed and the Warrantee deed.

If you take a look at quitclaim deed sample and a warrantee deed, the difference between the two will be amply obvious. Here is a gist of the differences that can help you make the right decision on which one to opt for while selling or acquiring property...

Warrantee Deeds -

A warrantee deed, just as it sounds, is a comprehensive document in which the owner of the property offers an array of guarantees to the buyers that are legally backed. The guarantees that are usually mentioned in any general warrantee deed form include...

• Guarantee that the seller is the legal owner of the property

• Guarantee that the property is free of liens / easements

• Guarantee on the size and perimeters of the property

• Guarantee on authenticity of every information mentioned about the property

With a warrantee deed, both buyers and sellers are completely protected and any misinformation that leads to hassles in the part of the buyers can be challenged in the court of law.

Quitclaim Deeds -

Quitclaim deeds on the other hand are simpler documents that merely state the transfer of ownership of property. This document is usually signed when change in ownership does not happen through traditional sale but is passed on as gift, through Will or is placed in Trust or distributed following divorce settlement. For more information about getting a quitclaim deed form in Delaware, please visit this website.

Quitclaims guarantee practically nothing that is usually covered under warrantee deeds and thus cannot be contested in the court of law. This is also one of the reasons why quitclaims are signed between entities that trust each other completely. However, it is possible to create a strong quitclaim that can minimise possibilities of risk. Taking a look at quitclaim deed templates made available by trusted online legal platforms can help in this respect.

Author Resource:

Carl writes often about online legal drafting like affidavit, bill of sale and quitclaim deed forms to help the people. You can find his thoughts at general warranty deeds blog. To learn more about drafting a quitclaim deed form in Louisiana online, visit this website.