A warranty deed in Florida contains a covenant that states the grantor will defend the grantee's title against all lawful claims. This covenant is known as:
Correct Answer
D) Covenant of warranty
Correct: D - Covenant of warranty. the covenant of warranty specifically promises that the grantor will defend the grantee's title against all lawful claims and compensate for any losses. Why not A: This option is incorrect because "Covenant against encumbrances" does not match the rule tested by the question. The correct answer is "Covenant of warranty". the covenant of warranty specifically promises that the grantor will defend the grantee's title against all lawful claims and compensate for any losses. Why not B: This option is incorrect because "Covenant of quiet enjoyment" does not match the rule tested by the question. The correct answer is "Covenant of warranty". the covenant of warranty specifically promises that the grantor will defend the grantee's title against all lawful claims and compensate for any losses. Why not C: This option is incorrect because "Covenant of seisin" does not match the rule tested by the question. The correct answer is "Covenant of warranty". the covenant of warranty specifically promises that the grantor will defend the grantee's title against all lawful claims and compensate for any losses.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A quitclaim deed transfers whatever interest the grantor may have in a property without making any warranties or guarantees about the quality of title. It offers the least protection to the grantee.
Recording is the act of placing a document in the public records at the county recorder's office to give constructive notice to the world of an interest in real property. Recording protects the holder's interest against subsequent claims.
A special warranty deed guarantees that the grantor has not caused any title defects during their period of ownership, but does not warrant against defects that existed before the grantor acquired the property.
More Titles Deeds Recording Questions
A Tampa property is being purchased for $450,000. The buyer wants to know the cost of owner's title insurance. Using Florida's promulgated rate of $5.75 per $1,000 of coverage, what is the title insurance premium?
In a Tampa transaction, a buyer wants the Florida rule on general warranty. Which statement is correct?
Which answer most accurately states the Florida rule for general warranty?
Sarah is selling her Miami Beach condominium to Robert. At closing, she signs a deed that contains warranties that she owns the property and has the right to convey it, but provides no warranties against defects that existed before she acquired the property. What type of deed did Sarah most likely execute?
John and Mary own property in Jacksonville as tenants by the entirety. John wants to secretly transfer his interest to his business partner without Mary's knowledge or consent. He executes a quitclaim deed to his partner. What is the effect of this deed?
- → What is the main difference between a general warranty deed and a special warranty deed in Florida?
- → Under Florida law, what does 'constructive notice' mean in the context of recorded deeds?
- → Which answer most accurately states the Florida rule for chain of title?
- → In Florida, all of the following situations would typically be excluded from standard title insurance coverage EXCEPT:
- → Non-single-family real property in Miami-Dade County is conveyed for $220,000. What total deed documentary stamp tax and surtax are due?
- → Sarah is purchasing a home in Miami and her attorney discovers that the current owner's deed was never properly recorded. The seller has been living in the property for 15 years and paying taxes. What is the most likely outcome regarding the validity of the seller's ownership?
- → Which deed is most commonly used in Florida residential transactions?
- → Sarah discovers that her neighbor's fence encroaches 3 feet onto her property, which she purchased 2 years ago in Jacksonville. Her title insurance policy shows no survey exception. What is the most likely outcome regarding her title insurance claim?
- → A Florida owner uses a quitclaim deed to transfer whatever interest the owner has to a family member. Which statement about that instrument is incorrect?
- → Lisa conveys property to Tom via warranty deed on Monday but doesn't record it. On Wednesday, Lisa conveys the same property to Susan via warranty deed, and Susan immediately records her deed. Susan had no knowledge of the prior conveyance to Tom. Under Florida's recording statute, who has superior title?
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Previous Question
Sarah is purchasing a home in Miami and her attorney discovers that the current owner's deed was never properly recorded. The seller has been living in the property for 15 years and paying taxes. What is the most likely outcome regarding the validity of the seller's ownership?
Next Question
Robert executes a quitclaim deed to his brother Mike for property in Orlando, but Robert only owns a 50% interest as a tenant in common with his sister. Three years later, Robert's sister sells her 50% to a third party. What interest did Mike receive?