What is the primary function of a warranty deed?

The primary function of a warranty deed is to offer guarantees about the title of the property being conveyed. This type of deed provides the grantee (buyer) with assurances that the seller (grantor) holds clear and marketable title to the property, free from any undisclosed liens or encumbrances. It also assures the grantee that they have the right to use, enjoy, and sell the property without concern for possible ownership disputes that may arise in the future.

A warranty deed typically includes a covenant wherein the grantor promises to defend the title against any claims, ensuring that the buyer is protected against any potential legal issues regarding ownership. This level of assurance is why warranty deeds are commonly used in real estate transactions and are favored by buyers who want to minimize risks associated with property ownership.

In this context, while a warranty deed does facilitate real estate transactions, its defining characteristic and primary function is the guaranteed protection it provides regarding the title, distinguishing it from other types of deeds, such as quitclaim deeds, which do not provide such guarantees.