| A | B |
|---|
| Deed is a written instrument by which | the ownership of land is transferred from one party to another |
| Deeds should include | names of parties, statement of conveyance, consideration & any exceptions, restrictions or conditions affecting the title being conveyed |
| 3 kinds of deeds | quitclaim, warranty and covenant |
| Quitclaim deed conveys all right, title & interest that a grantor has in real estate | contains NO assurances that a grantor has any interest to convey |
| Warranty Deed conveys | all right, title and interest that a grantor has in real estate |
| Unlike a quitclaim deed | a Warranty Deed contains a covenant that the grantor has the interest being conveyed and will defend such interest against any other party |
| Covenant Deed conveys | all right, title and interest the grantor has in the land being conveyed |
| Covenant Deed contains | a covenant the the grantor has NOT done anything which would affect the interest being conveyed |
| Warranties in a Covenant Deed | are limited to the acts of the grantor and NOT any predecessor in title |
