Special Warranty Deed
(Commercial Transaction) (IL)

Summary

This template for a special warranty deed is commonly used by a seller/grantor in Illinois to transfer title to commercial real property to a buyer/grantee. This template includes practical guidance, drafting notes, alternate clauses, and an optional clause. In this special warranty deed, the seller/grantor warrants title against anyone claiming a right to the real property that is the subject of the deed by, through, or under the seller/grantor, and does not warrant the entire chain of title of the property from its first conveyance. Note that there may be additional recording requirements in many counties. For more on deeds in general, see Types of Deeds and Key Provisions. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit.