In Maryland, which type of deed provides the greatest level of protection to the grantee by including covenants that the grantor warrants title against all claims, whether arising before or during the grantor's ownership?
Correct Answer
B) General warranty deed
A general warranty deed contains covenants in which the grantor warrants and defends the title against all lawful claims and demands, whether they arose before or during the grantor's period of ownership. This is the broadest form of title protection available to a grantee in Maryland and is commonly used in arm's-length residential sales transactions.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The bundle of rights describes the rights associated with property ownership, allowing owners to use, control, enjoy, exclude others from, and dispose of the property.
Community property is a form of ownership recognized in certain states where property acquired during marriage is considered equally owned by both spouses, regardless of who earned the money or whose name is on the title.
Condominium ownership involves owning a unit of airspace within a multi-unit building plus an undivided interest in the common elements shared with other unit owners. Each unit is separately taxed and financed.
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