Escrow & Title
What is a 'warranty deed' and what covenants does it provide in Nevada?
AA deed with a warranty against physical defects in the property
BA deed where the grantor makes express covenants including that they hold good title, have the right to convey, the grantee will have quiet enjoyment, the title is free of encumbrances (except as stated), and the grantor will defend title against all claims✓ Correct
CA deed required for all new construction in Nevada
DA deed provided by the title company guaranteeing title
Explanation
A general warranty deed provides the strongest title protection — the grantor warrants against any and all title defects, whether created by the grantor or prior owners. Covenants include: seisin (grantor owns and has right to convey), quiet enjoyment (grantee won't be disturbed by other claimants), freedom from encumbrances, and warranty (grantor will defend title).
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Key Terms to Know
Deed
A written legal instrument used to transfer ownership of real property from one party (grantor) to another (grantee).
EncumbranceAny claim, lien, charge, or liability attached to real property that affects its value or limits its use.
LienA financial claim against a property that serves as security for a debt or obligation, giving the creditor the right to foreclose if unpaid.
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.
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