Of any deed, the general warranty deed offers the most protection. More common in residential real estate rather than in commercial real estate, this kind of deed promises sellers that they have the right to sell the property. It states that the site is free of any encumbrances such as liens, adverse claims, and debts. A general warranty deed permits the grantee the ability to sue the grantor for any damages if any unknown encumbrances turn up.
General Warranty Deed
Of any deed, the general warranty deed offers the most protection. More common in residential real estate rather than in commercial real estate, this kind of deed promises sellers that they have the right to sell the property. It states that the site is free of any encumbrances such as liens, adverse claims, and debts. A general warranty deed permits the grantee the ability to sue the grantor for any damages if any unknown encumbrances turn up.
