Property Ownership
What is a 'general warranty' versus 'special warranty' deed in Delaware and when is each used?
ABoth provide identical warranties — the terms are used interchangeably
BA general warranty deed warrants title against all claims by anyone ever; a special warranty deed only warrants against claims arising during the grantor's ownership — commonly used in commercial transactions and by fiduciaries✓ Correct
CSpecial warranty deeds are never acceptable in residential Delaware transactions
DGeneral warranty deeds provide no protection; special warranty deeds provide full protection
Explanation
General warranty deed: the grantor warrants against all title defects, forever (even before the grantor owned it). Maximum buyer protection.
People Also Study
Related Delaware Questions
- A special warranty deed in Delaware warrants title only against defects arising:Escrow & Title
- A special warranty deed in Delaware warrants that:Escrow & Title
- Which type of deed in Delaware is most commonly used to transfer title in a standard residential sale?Property Ownership
- What is a 'limited warranty deed' (also called a special warranty deed) in Delaware?Escrow & Title
- A property manager in Delaware collects rent and manages the property for a fee. Under Delaware law, this activity:Property Management
- What is 'percentage rent' in a commercial lease arrangement in Delaware?Property Management
- In Delaware, what is a deed of trust used for?Finance
- Which type of deed provides the greatest protection to the grantee in Delaware?Escrow & Title
Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
Title InsuranceInsurance protecting against financial loss from defects in a property's title that existed before closing but were unknown at the time of purchase.
Abstract of TitleA condensed history of a property's title, summarizing all recorded documents and encumbrances affecting it from the earliest record to the present.
Chain of TitleThe sequential record of all transfers of ownership for a piece of property from the original patent holder to the present owner.
Math Concepts
Study This Topic
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →