A warranty deed is a legal document that transfers ownership of real property from a grantor to a grantee, guaranteeing that the grantor has clear title to the property and the right to sell it. This document serves as evidence of property ownership and the associated warranties. For example, upon successfully purchasing a home, the buyer receives a warranty deed from the seller, ensuring the property is free from liens or other encumbrances.
The preservation of important legal documents like this one is crucial for maintaining a clear record of property transactions and resolving potential disputes. These documents provide a chain of title and are essential for establishing ownership rights. Historically, meticulous record-keeping of property transactions has been fundamental to a stable real estate market and the protection of individual property rights.