A warranty deed is a legal document used in real estate transactions where the grantor (seller) guarantees clear title to the property being sold. It assures the grantee (buyer) that the property is free from any liens, encumbrances, or claims, except those explicitly stated in the deed. This deed offers the highest level of protection to the buyer during the transfer of ownership.
[Last updated in July of 2024 by the Wex Definitions Team]