Tampa Warranty Deeds
Warranty deeds allow one person to legally transfer the title of their real property. The warranty deed is the most comprehensive of all deeds in the state, including the grant deed and the quit claim deed. Unlike other types of deeds, a warranty deed will include a guarantee that protects the new owner of the property. Our Tampa warranty deed lawyer can guide you through the deed process.
What is a Tampa Warranty Deed?
All deeds are legal documents that transfer the title of the property to another person. Deeds include the name of the grantor, or the person transferring the property, and the name of a grantee, the person that will become the new owner of the property. Deeds also contain language that provides for the conveying of the title. That language within a warranty deed is more comprehensive than the language contained in other types of deeds, including quit claim deeds and grant deeds.
What Does a Tampa Warranty Deed Do?
Warranty deeds accomplish two tasks. The first is that they convey title from the grantor to the grantee. Warranty deeds also provide a title guarantee from the grantor to the grantee. The guarantee is essentially a promise, or a warranty, that the title to the property is legal and that it does not contain any defects. Under Florida law, all warranty deed must include the same title guarantees.
What are the Benefits of a Tampa Warranty Deed?
While a Tampa warranty deed does provide a great deal of protection, there are still times when issues arise. When that is the case and the new owner finds in the future that the title on the property is not good and legal, they can sue the previous owner to recover monetary compensation for any losses caused by the defective title. In these cases, it does not matter if the grantor caused the defect in the title. This is due to the fact that under a warranty deed, the grantor guarantees that no previous interest in the property creates a defect or cloud on the title to the property.
How to Record a Tampa Warranty Deed
Under state law, grantees are required to record a copy of any warranty deed in the local county land records office where the property is located. To record the deed, you must pay a small fee and file a copy of the warranty deed to make it a matter of public record, and available for the general public to view. The only way to protect the grantee’s interest in the property is to record the warranty deed.
Let Us Help with Your Warranty Deed in Tampa
Warranty deeds are important legal documents in many real estate transactions but sometimes, mistakes are made. At My Florida Deed, we can provide you with the necessary form for your Tampa warranty deed and make sure it meets all requirements, so you are fully protected. Call us today at 407-205-2906 or fill out our online form to schedule a meeting with one of our attorneys and to learn more about how we can help.