Arizona deed forms transfer property from one person to another or from the grantor to the grantee.
Deed forms vary based on the type of transfer taking place. Regardless of the type, though, grantors and grantees must sign Arizona property deeds in the presence of a notary. They also must record the deed with the
There are four types of deeds surrounding property in Arizona, and all are governed by title 33, chapter four. They include general warranty deeds, quitclaim deeds, special warranty deeds, and deeds of trust.
Arizona warranty deeds transfer the property of a seller to a buyer with a warranty of title. It pledges that the owner owns the property free and clear. So, there are no liens, mortgages, or other encumberments on the property.
A general warranty gives the purchaser more protection than quitclaim or special warranty deeds because if there are any warranty breaches, the grantor or seller is entirely responsible.
A quitclaim deed or non-warranty deed conveys any interest a seller has to the buyer of the property. Quitclaim deeds are common when transferring property between family members or fixing a deed defect, such as a misspelled name.
Quitclaim deeds don’t give the buyer much protection, so usually, the parties know one another well. The seller doesn’t have to promise they own the property free and clear.
Like a general warranty deed, a special warranty deed provides title guarantees, but only for a specific amount of time. This can lead a buyer susceptible to older title claims, making it a little riskier than a general warranty deed.
A deed of trust exists when the purchaser of a property uses financing from a bank or other lender. Trust deeds state that the buyer will repay their loan. If they don’t, the bank or lender can repossess the property.
Property transfer isn’t always straightforward, and questions about Arizona deed forms are common. Here are a few we hear most often.