![]() A general warranty deed is a buyer’s best protection against title challenges. It is most commonly used for residential real estate transactions. It is used when you are aware and confident that the title to your property is good and marketable. That also means that the property cannot be transferred without both spouses’ permission.Ī general warranty deed is often considered the most common way to transfer real property. When this occurs, each spouse generally holds a one-half interest in the property. For example, if a married couple owns their home together, both of their names will often be on the title for the property. Often, titles will be in more than one person’s name. ![]() transfer the property in whole or in part.use the property as you wish within legal bounds and.place encumbrances on the property (i.e. ![]() When you have a title to a property, you also have various other rights that go along with property ownership, including the right to: The real “test” of whether you have ownership of a property is based on whether your name is on the title. However, the deed itself is really only used for transfer of the property. Different varieties of deeds provide varying levels of title.ĭeeds help show ownership of the property. Each type varies based on the warranties provided to the grantee. It is important to use the legal description of the property for the deed so that it can be recorded accurately. In most situations, it should also be filed with the appropriate authority as well.Įvery real property transfer will require the use of some type of deed. Each deed must also be validly delivered to the individual taking ownership of the property. However, the document may also contain additional information such as the conditions or assurances that go along with the transfer.
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