General Warranty Deed
(Commercial Transaction) (VA)

Summary

This template is a general warranty deed commonly used by a seller/grantor in Virginia to transfer title to commercial real property to a buyer/grantee. This template includes practical guidance, drafting notes, alternate clauses, and an optional clause. By statute, the general warranty deed includes the following covenants: covenant of general warranty, covenant of right to convey, covenant of quiet possession, covenant of further assurances, and covenant against encumbrances. Va. Code Ann. §§ 55.1-354, 55.1-356. By common law, the covenant of seisin is also considered a part of a general warranty deed. For templates of other deeds to use in commercial transactions in Virginia, see Special Warranty Deed (Commercial Transaction) (VA), Quitclaim Deed (Commercial Transaction) (VA), and Warranty Deed (Statutory) (Commercial Transaction) (VA). For templates of deeds to use in residential transactions in Virginia, see General Warranty Deed (Residential Transaction) (VA), General Warranty Deed with English Covenants (Residential) (VA), Quitclaim Deed (Residential) (VA), Quitclaim Deed (Residential Transaction) (VA), and Special Warranty Deed (Residential Transaction) (VA). For guidance on Virginia acknowledgments, see Commercial Real Estate Ownership (VA). For information on recording real property documents in Virginia, see Recording Procedures (VA). For information on the process of buying and selling commercial real property in Virginia, see Purchasing and Selling Commercial Real Estate Resource Kit (VA) and Purchase and Sale of Commercial Real Property (VA). For information on the process of buying and selling residential real property in Virginia, see Residential Purchase and Sale Transactions Resource Kit (VA) and Purchase and Sale of Residential Real Property (VA). For information on ownership structures used when acquiring residential or commercial real property in Virginia, see Choice of Ownership Structure of Real Property (VA). For more on deeds in general, see Types of Deeds and Key Provisions. 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. For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit.