The special warranty deed is used to transfer property rights for movable and immovable estate. Florida inhabitants use this deed when transferring rights to both individuals and legal entities. Here you will find our full article about deed forms.
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As per the title of the document, the person who gives the property away guarantees the purity of the object title. That is, the seller officially and legally assures that they have not done anything with the property that can spoil its status, the object is not pledged or under arrest, and is not tied to an unpaid mortgage.
At the same time, the protection of title does not concern anyone other than the current owner. This means that he property might have been implicated in illegal transactions in the past and was transferred to the current owner with damage in the title. In short, a special warranty deed should be used when the recipient does not doubt the history of the object and the track of its ownership.
The special warranty deed forms are governed by the Florida Statuses, Title XL, Chapter 689. The section covers the transfer of the real estate to new ownership and dwells on some cases of using this type of deed in detail. To find out the legal justification, you can read § 689.02. The subsection prescribes the warranty deed and highlights its major points.
The legal execution of a special warranty deed in Florida must be certified by the signatures of the seller, the buyer, and a notary public in the presence of two witnesses. Sometimes the seller and the buyer can do with one witness with the notary acting as the second witness. All persons must sign the deed in the presence of a notary public for it to be valid.
After notarization, the document is recorded with the Clerk of the Circuit Court. This is the only office that accepts a special warranty deed for further registration in the state administrative structure. Read on to find out instances where the deed is used.
Here are the most common cases for a special warranty deed to be relevant:
Florida’s special warranty deed should be primarily distinguished from similar forms, such as General Warranty Deed and Quitclaim Deed. The general warranty deed guarantees the legal purity of the object title throughout the entire track of ownership. In contrast, the special warranty deed applies only to the current owner. Unlike both forms, the quitclaim deed does not guarantee the title at all, which makes it appropriate only in the context of family ties or close acquaintances.
When submitting an application to the Clerk, remember to pay the tax fee. The amount of the fee is based on the total cost of the transferred object.
Here is a short and straightforward guide on filling out the paper:
Identify the Claimer
Write the name of the person preparing the deed.
Identify the Grantee
Write the name of the person waiting for a response (usually, it is the grantee or their lawyer).
Specify the Parcel ID
Write down the parcel identification number in the designated line.
Enter the Transfer Date
Specify the date of transfer.
Note the Addresses
Write the name and address of the seller and the buyer.
Name the County
Specify the county where the property is located.
Describe the Object
Fill in the field for the legal description of the object.
Provide the Required Signatures
In the presence of a notary and two witnesses, sign the document and have the grantee sign it.
Provide Additional Documents
Apply the document and the accompanying papers—such as an extended description of the property—to the Clerk.