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Click ‘Get Form’ to open the Tennessee Special Warranty Deed in the editor.
Begin by entering the Grantor's name and details in the designated fields. Ensure that you accurately reflect the legal names as they appear on official documents.
Next, input the Grantee's information, which is typically a limited liability company. Double-check for any typos to avoid future complications.
Fill in the consideration amount, which is often a nominal sum like Ten Dollars ($10.00), along with any additional valuable considerations if applicable.
Provide a detailed legal description of the property being transferred. This may require referencing an attached Exhibit A for accuracy.
Complete the signature section by having the Grantor sign and date the document. Ensure that all required notary sections are filled out correctly.
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Sellers often use special warranty deeds in commercial property transactions. Commercial properties typically have more complex histories, and sellers do not want to be responsible for issues that occurred before they owned the property.
What are the disadvantages of a special warranty deed?
The term special might suggest higher quality to buyers, but the special warranty deed offers less coverage. It offers less protection due to the limited time frame it covers. For residential properties, special warranty deeds are often used in foreclosures and forced sales to settle debts.
Why would someone get a special warranty deed?
Notarization is required to record a deed with county clerks in Tennessee. To do this, the grantor, grantee, and witnesses must sign the deed before a notary public. After completing these steps, the notary will sign and stamp the deed to verify its authenticity.
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