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OpenDocumentAn Indiana general warranty deed is used to transfer a property title to a new owner (the “grantee”) with a guarantee that the property in question has a clear title. The deed language also provides the assurances that the person conveying the property (the “grantor”) has the right to transfer the property in the first place.
The protection offered through a general warranty deed covers title issues beyond the grantor’s ownership as they warrant against defects caused at any point in the property’s history. Due to its complete title protection, the general warranty deed is the most commonly used deed in real estate transactions today.
- Statutes: Article 21 – Conveyance Procedures for Real Property
- Formatting: §§ 36-2-11-16.5(b)(1), 32-21-2-3, 36-2-11-15, 36-2-11-16
- Signing Requirements (§ 32-21-2-3(a)(2)): Notary Public, or another officer as described in § 32-21-2-3(a)(2).
- Where to Record: County Recorder’s Office
- Recording Fees (§ 36-2-7-10(c)(1)): $25
- Residential Property Disclosure Statement (§ 32-21-5-7 & § 32-21-5-10): This document provides a detailed description of a property’s features and condition and must be provided to potential buyers by anyone with the intention of selling their real property.