Virginia Warranty Deeds

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Commonly Asked Questions about Virginia Warranty Deeds

What type of deed is used to convey property in Virginia?

Warranties for your protection A deed can convey property under the following terms: Quitclaim The grantor simply transfers whatever interest they hold in the property to the grantee. General warranty deed The grantor promises to defend title to the property against all claims.

Does an attorney have to prepare a deed in Virginia?

All deeds must be prepared by the owner of the property or by an attorney licensed to practice in Virginia.

What are the different types of deeds in Virginia?

There are multiple types of deeds in Virginia, including General Warranty Deed, Special Warranty Deed and Quitclaim Deed.

How it works How does a warranty deed work?

Whenever a supplier and a dealer enter into an agreement, the supplier shall pay any warranty claim made by the dealer for warranty parts or service within thirty days after its approval. The supplier shall approve or disapprove a warranty claim within thirty days after its receipt. 59.1-352.8. Warranty obligations - Virginia Law virginia.gov title59.1 section59.1-352.8 virginia.gov title59.1 section59.1-352.8

What does a Virginia property deed look like?

Typically, deeds contain the name of the current owner (the Grantor), the name of the new owner (the Grantee), the legal description of the real property, and the signature (docHubd) of the Grantor. The deed will also describe how title is being held by the Grantee.

What is the difference between a title and a deed in Virginia?

The Bottom Line Remember that while a title refers to your ownership of a property, a deed is the physical document used to prove and transfer that ownership.

What type of deed is most commonly used?

A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete chain of ownership; and.

What are the requirements for a warranty deed in Virginia?

Notices and Disclosures. Capital Letters The grantor and grantee must be listed in the first clause/sentence of the document and their names must be in capital letters. Statutory Form Must contain the wording, substantially or as-is, that he will warrant generally the property hereby conveyed.