The Non-Warranty Deed serves as a means of transferring real property in situations where the grantor either cannot or chooses not to provide guarantees about the property's title. Common in the United States, this type of deed is often used in foreclosure sales, tax sales, or when executors transfer estate property. The Non-Warranty Deed provides the minimum requirements for property transfer under U.S. law, including property description, parties involved, and proper execution, but explicitly excludes any warranties about title quality or defense against claims.
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1. Deed Introduction: Date, parties involved (grantor and grantee), and consideration amount
2. Property Description: Legal description of the property being conveyed, including parcel numbers, boundaries, and location details
3. Granting Clause: Language conveying the property from grantor to grantee, specifying the type of deed and non-warranty nature
4. Execution: Signature blocks, notary acknowledgment, and recording information
1. Rights Reserved: Any rights retained by grantor, used when grantor wishes to retain certain property rights such as mineral rights or easements
2. Exceptions and Reservations: List of existing encumbrances, used when property has known liens, restrictions, or easements
3. Special Conditions: Any specific conditions of transfer, used when transfer is subject to particular terms or requirements
1. Schedule A: Detailed legal description of property if too lengthy for main deed body
2. Schedule B: List of permitted exceptions and encumbrances affecting the property
3. Property Survey: Survey diagram and detailed measurements of property, if required by jurisdiction
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