Understanding the Different Types of Property Deeds

Jan 09, 2024 By Susan Kelly

It is essential to the buying process to have a solid grasp of the deeds of any real estate you intend to purchase. Knowing the options available to you and how well or poorly the deed you choose protects you and your interests is essential since the different types of property deeds offer different levels of security.

Because of this, the kind of real estate deeds one employs can significantly affect how well one can safeguard their assets from being taken to court. One of the most beneficial and worthwhile investments a person can make with their money is purchasing real estate.

Therefore, it is necessary for individuals interested in purchasing real estate to be aware of such crucial problems, as well as how selecting the appropriate deed might affect the value of their acquisition and the tax implications of the transaction.

What Are Property Deeds?

Property ownership is transferred from one buyer to another through a real estate transaction using a deed. Land and anything permanently tied to it, such as a home or road, are examples of real property.

A deed is required to demonstrate ownership of the property. There are many distinct varieties of deeds, such as warranty deeds, quitclaim deeds, and deeds created specifically for a certain purpose. The functions of each of these legal papers are distinct from one another.

No purchase or sale of real property may legally occur without a deed. The deed must contain an original signature, be notarized, and be recorded in the county recorder's office. A title search may be used to find deeds, and the property's ownership history can be traced back to when it was first registered.

Different Types Of Property Deeds

The circumstances surrounding the property transfer might call for one of several distinct varieties of the deed used to transfer property ownership. The following types of deeds are frequently utilized in the purchase and sale of real estate:

General Warranty Deed

The grantee is afforded the greatest possible security through general warranty deeds. The grantor provides many guarantees to the grantee in this deed. As a primary guarantee, the grantor warrants that a valid title exists at the transfer time.

Even after the property has been transferred to the grantee, the assurance of a clean title remains. The grantor further represents that the property is unencumbered by any liens or claims other than those expressly outlined in the deed.

A third assurance commonly seen in general warranty deeds is that the grantor will protect the grantee's right to possession. A general warranty deed protects claims originating during or previous to the grantor's ownership.

Quit Claim Deed

The transferor in a Quit Claim Deed does not guarantee anything about the transferred property. Since the transferor is not providing guarantees, the transferee has no legal standing to sue the transferor for any title flaws.

Simply put, the transferee acquires all of the interest in the property that the transferor is conveying, subject to any flaws in the title. Quit Claim Deeds seldom have a covered purpose and might cause issues with current title insurance policies. Be wary of this action since it is often misunderstood and abused.

Special Warranty Deed

A special warranty deed gives the grantee a limited warranty of title against claims by other parties, in contrast to a quit claim deed, which grants no warranty. The grantor of a special warranty deed gives the grantee two warranties: the property has been free and clear of liens throughout the grantor's ownership, and the grantor has good title to the property.

Specifically, the special warranty deed does not guarantee that the subject property was free and clear of liens before the grantor's possession. Real estate deeds for subdivisions and condominiums are executed using a special warranty deed. Still, special warranty deeds are never utilized in the sale and transfer of residential property.

Fee Simple Deed

The fee simple deed lacks any assurances or promises included in a quitclaim deed. The grantee only acquires the property's title through a fee simple deed. The fee simple deed is rarely used since the grantee receives almost no legal protection.

One of the most all-encompassing types of Florida real estate deeds is the fee simple deed, which may be transferred, inherited, and last for an unlimited amount of time. However, the general warranty deed is more commonly used for sales or transfers when a warranty is necessary.

Fiduciary Deed

This fiduciary deed transfers property when the grantor is a fiduciary, such as a trustee. This document assures the beneficiary that the fiduciary is fulfilling his duties within the scope of his authority. This deed is utilized when transferring real estate or other property where the owner's signature is legally required but impossible.

After the original owner of a piece of property dies, the estate is often settled with the use of fiduciary paperwork. In the case of a fiduciary deed, a power of attorney granted to the fiduciary allows the fiduciary to sign on behalf of the owner.

Warranty Deed

One of Tennessee's most popular forms of deeds is a warranty deed. As the purchaser receives the most assurance from a warranty deed, it is the most popular property transfer form.

A general warranty deed ensures that the property is sold without any encumbrances and that the seller has the legal right to do so. The buyer is safest with a warranty deed.


The legal effect of the deed depends on its including certain information. The duties of a grantor and the degree of protection afforded to a grantee are contingent on the particular type of deed used. You should check the property's title insurance before making a purchase.

Don't let the thrill of home ownership distract you from learning about your warranty and deed of trust alternatives. The best way to safeguard your property is to go to a title company and an attorney experienced in real estate law.

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