What is the term for a type of deed that transfers ownership with certain guarantees?

A warranty deed is a type of deed that provides the strongest form of guarantee regarding the title of the property being transferred. This deed not only transfers ownership but also assures the new owner that the grantor holds clear title to the property and has the legal right to transfer it. The grantor guarantees that if any issues regarding the title arise in the future, they will be responsible for resolving them.

The warranty deed typically includes specific covenants or promises, such as the covenant of seisin, which assures the buyer that the seller truly owns the property; the covenant against encumbrances, which guarantees there are no undisclosed claims or liens on the property; and the covenant of quiet enjoyment, which protects the buyer from future claims on the property.

In contrast, other types of deeds, such as quitclaim deeds, do not offer these guarantees and simply transfer whatever interest the grantor has, if any, without any warranty. Grant deeds may offer some level of assurance but do not provide the comprehensive protections associated with warranty deeds. Deeds in lieu of foreclosure are specific to foreclosure situations and do not relate to the general transfer of property ownership with guarantees.