In the commonwealth of Virginia, a deed form is a document that allows the transfer of property from the grantor (seller) to the grantee (buyer).
Virginia deed forms must follow specific guidelines for a clerk to accept the deed. Once a clerk has recorded the document in the jurisdiction’s deed books, the deed is effective.
Virginia General Warranty Deed
A general warranty deed is a Virginia property deed, a document that authorizes the conveyance of a property from one party to another. The deed protects the buyer and guarantees that there are no outstanding liens or mortgages against the property.
In Virginia, a general warranty deed must contain the phrase “that he will warrant generally the property hereby conveyed” for the deed to gain acceptance.
Virginia Quitclaim Deed
A Virginia quitclaim deed transfers property from one party to another but does not guarantee that the seller has a clear title to the property. The new owner also gains whatever interest the current owner has in the property.
People usually use quitclaims to transfer property to a relative or to add someone to a deed.
Virginia Special Warranty Deed
A Virginia special warranty deed provides the buyer with a limited warranty of title. The seller guarantees that they have done nothing to cause any title problems but does not guarantee that issues had not occurred before the seller acquired the property.
Virginia Deed of Trust
A Virginia deed of trust is a document that conveys a property’s title to a trustee to secure a loan. Once the borrower repays the lender in compliance with the promissory note, the deed of trust ends.
In Virginia, a deed of trust is the most common method people use to secure a loan.
Frequently Asked Questions
From transferring to creating a deed, you need to know the Virginia laws required to ensure you are preparing your deed correctly.