Statutory Warranty Deed
A statutory warranty deed
is also known as general warranty deed. It fully warrants title to the property
being conveyed against any and all claims. It offers the broadest warranty of
any of the deeds. It is called a statutory warranty deed because a form for it
is set out in the Florida Statutes. Statutory warranty deeds are used in most
residential real estate transactions in Florida
Special
warranty deed
A special warranty deed
gives only a limited warranty of title. It warrants the title but only against
claims of people who are claiming by, through, or under the grantor in the
deed. There is no statutory form for a special warranty deed in Florida.
Special warranty deeds are frequently used in commercial real estate
transactions and in deeds from developers of condominiums or subdivisions.
Quit
claim deeds
A quit claim deed gives
no warranties. While it conveys whatever title the grantor may have, in
executing a quit claim deed, the grantor is not representing that he owns the
property or that he has the right to convey. Quit claim deeds may not be used a
root of title under the Florida Marketable Record Title Act. Quit claim deeds
are frequently used to help clear title problems or clouds on the title to
property. There is no statutory form for a quit claim deed in Florida.
For legal advice please contact an attorney.
For any additional questions, please call or email.
Ainsley Daux
Florida Realty
(813)546-1954
