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Business Definition for: general warranty deed

Dictionary of Business Terms
general warranty deed

deed in which the grantor agrees to protect the grantee against any other claim to title of the property and provides other promises.

See also warranty deed
Dictionary of Real Estate Terms
general warranty deed

a deed in which the grantor agrees to protect the grantee against any other claim to title of the property and provides other promises.

Example: Abel received a general warranty deed for land he bought from Baker. Five years later a defect is found. Mrs. Cabel, whose deceased husband sold the land to Baker, actually owns one half of the property. Abel can claim restitution from Baker for the half because the deed warranties against all defects.

See also warranty deed
Related Terms:
warranty deed

deed conveying the seller's interest in real property to the buyer. The seller, also known as the grantor, certifies that the title on property being conveyed is free and clear of defects, liens, and encumbrances. If a third party claim is not exempted specifically, the buyer (the grantee) may sue the seller for the damages caused by the defective title.

warranty deed

deed conveying the seller's interest in real property to the buyer. The seller, also known as the grantor, certifies that the title on property being conveyed is free and clear of defects, liens, and encumbrances. If a third party claim is not exempted specifically, the buyer (the grantee) may sue the seller for the damages caused by the defective title.

Referring Terms:
deed
quitclaim deed
warranty deed
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 Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
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