The grantee receives a physical copy of the deed. The conveyance of real property must be done in writing, and it’s usually recorded in a public registry. This type of deed provides guarantees and warranties, but they are limited to only those defects that occurred during the grantor’s ownership of the property. Special warranty deeds are a hybrid of the quitclaim and warranty deeds, they are typically used in commercial transactions. The grantor is responsible for any defects in the title or any outstanding liens on the property. It does not provide any guarantees or warranties about the property’s title or condition.Ī warranty deed, on the other hand, includes guarantees and warranties about the property’s title and condition. The most common types of deeds are the quitclaim deed, warranty deed, and special warranty deed.Ī quitclaim deed is a legal document that transfers whatever interest the grantor (the person transferring the property) has in the property to the grantee (the person receiving the property). This transfer can be accomplished through a legal document known as a deed.
A conveyance of real property is the transfer of ownership of real estate from one person or entity to another.
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