Limited Warranty Deed
Limited Warranty Deed
This Limited Warranty Deed ("Deed") is made effective as of the 20th day of January 2050, by and between [Your Name] ("Grantor") with an address at [Your Address] and [Buyer's Name] ("Grantee") with an address at [Buyer's Address]. Herein, the Grantor agrees to transfer the title of the property described below to the Grantee with limited warranties concerning the property's title.
I. Definitions
The following terms used in this Deed shall have these meanings:
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Property: The real property situated at [Property Address], legally described as the real property being transferred from the Grantor to the Grantee.
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Encumbrances: Any liens, easements, or other burdens currently on the property title.
II. Grant of the Deed
The Grantor hereby conveys and warrants to the Grantee all right, title, and interest in the real property described above, subject to the following terms:
A. Consideration
The conveyance of this property is in exchange for the sum of [Purchase Price], receipt and sufficiency of which is hereby acknowledged by the parties.
B. Limited Warranties
The Grantor warrants that:
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They are the rightful owner of the property and have the legal capacity to convey the title.
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The property is free from any undisclosed financial liens or encumbrances.
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No further encumbrances will be placed on the property before the closing date.
III. Exceptions
The following exceptions to the limited warranty are made:
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Any easements, restrictions, or encumbrances recorded in the public records as of the date of this Deed.
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Any defects or limitations in title that are known to the Grantee and acknowledged in writing.
IV. Covenants
Grantor covenants with Grantee that:
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The grantor has done nothing to encumber the property that is not disclosed herein.
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Grantor will defend Grantee against any claims arising from undisclosed encumbrances or discrepancies in the title before this agreement.
V. Execution
Each party acknowledges that this Deed represents the mutual agreement between the parties and has been entered into after full and fair negotiation.
A. Governing Law
This Deed shall be governed by, and construed following, the laws of the State of [State], excluding its conflict of law principles.
B. Amendments
No amendment, change, or modification of this Deed shall be valid unless in writing and signed by both parties.
C. Closing
The closing of this transaction shall take place on [Closing Date] at [Closing Location].
VI. Signatures
IN WITNESS WHEREOF, the parties hereto have executed this Deed as of the date first above written.
Grantor:
[Your Name]
[Date Signed]
Grantee:
[Grantee Name]
[Date Signed]
VII. Witnesses
This Deed is witnessed and signed on the day and the year first above written.
[Witness 1 Name]
[Witness 2 Name]
NOTARIZATION:
State of [State], County of [County]
On this 20th of January 2050, before me, a Notary Public in and for said county and state personally appeared [Your Name] and [Grantee Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
