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 a template of another deed to use in commercial transactions in Illinois, see Quitclaim Deed (Commercial Transaction) (IL). For templates of deeds to use in residential transactions in Illinois, see Warranty Deed (Residential Transaction) (IL) and Quitclaim Deed (Residential Transaction) (IL). For more information on commercial real estate ownership in Illinois, see Commercial Real Estate Ownership (IL). For information on recording real property documents in Illinois, see Recording Procedures (IL). For information on deed transfer taxes in Illinois, see Real Property Transfer Taxes (IL). For information on title insurance in Illinois, see Title Insurance (IL). For information on purchasing and selling commercial real estate in Illinois, see Purchasing and Selling Commercial Real Estate Resource Kit (IL). For information on purchasing and selling residential real estate in Illinois, see Purchase and Sale of Residential Real Property (IL). For more on deeds in general, see Types of Deeds and Key Provisions. See also Thompson on Real Property, Thomas Editions § 82.04 and Powell on Real Property § 81A.03. For information on deed transfer taxes, see Deed Transfer Tax State Law Survey. For general information on recording real property documents, see Recording Real Property Documents. For further guidance on acknowledgments, see Statutory Forms of Acknowledgment State Law Survey. For a full listing of key content covering purchasing and selling commercial real estate, see Purchasing and Selling Commercial Real Estate Resource Kit. See also Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale). For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit. For a list of key resources covering real estate-related tasks for associates, in-house attorneys, and interns, see First Year Associate Resource Kit: Real Estate, Summer Associate Resource Kit: Real Estate, In-House Real Estate Resource Kit, and Federal Government Summer Intern Resource Kit: Real Estate.