General Warranty Deed
(Commercial Transaction) (KY)

Summary

This general warranty deed template may be used by a seller/grantor in Kentucky to transfer title to commercial real property to a buyer/grantee. This template includes practical guidance and drafting notes. Practitioners in Kentucky customarily utilize general warranty deeds, special warranty deeds, and quitclaim deeds. A general warranty deed contains covenants of title and warranties against any acts in the title chain that may have caused defects in title. A special warranty deed provides the same warranties as the general warranty deed, but it limits the warranty with respect to claims or encumbrances arising by, through, or under the seller. In other words, with a special warranty deed, the seller is making no warranty with respect to title matters arising prior to the seller's period of ownership of the property. A quitclaim deed releases the interest of the grantor in the property but contains no warranties that the seller has any interest in the property or that the property is free from the claims of others. Statutory language for general warranty deeds and special warranty deeds is provided at Ky. Rev. Stat. § 382.030 and Ky. Rev. Stat. § 382.040, respectively. 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 templates of other deeds to use in commercial transactions in Kentucky, see Special Warranty Deed (Commercial Transaction) (KY), Warranty Deed (Statutory) (Commercial Transaction) (KY), and Quitclaim Deed (Commercial Transaction) (KY). For templates of deeds to use in residential transactions in Kentucky, see General Warranty Deed (Residential Transaction) (KY), Special Warranty Deed (Residential Transaction) (KY), and Quitclaim Deed (Residential Transaction) (KY). For information on ownership structure, see Choice of Ownership Structure of Real Property (KY). For information on recording real property documents in Kentucky, see Recording Procedures (KY). 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.