In Arkansas, the warranty deed conveys all title to property from the Grantor (current owner) to the Grantee (new owner). The Arkansas warranty deed carries with it the clause that the Grantor “does hereby warrant and agree to defend title to the property conveyed.” This is the “warranty clause.” The warranty clause is what makes a warranty deed a warranty deed.
In most cases, an Arkansas Warranty Deed costs $300 to prepare, and $15 for the first page and $5 for each additional page in recording costs. For a typical warranty deed, the total cost is $320 (a $300 lawyer fee and $20 in recording fees). Your deed will be prepared and recorded by a licensed Arkansas attorney.
At a minimum, you need something with the legal description of the property you wish to convey. This could be an old deed, lease, or tax card. If you are not sure of your property’s legal description, the attorney at Arkansas Deeds can advise you of how to find your property’s legal description.
If you receive a warranty deed in Arkansas, you get six covenants:
In short, when you give a warranty deed in Arkansas, you must stand behind the title to the property. If there is a lawsuit concerning the title’s property, you may be named as a Defendant or asked to file a lawsuit to remove a title defect. If you fail to defend the title, you may pay damages up to the full amount of the amount of money paid to you for the warranty deed. You should not give a warranty deed without being certain that you own the property. The lawyer at Arkansas Deeds can advise you of the possible risks in your situation.
Responsible attorney: J. Mark Robinette Jr. Primary office in Little Rock, Arkansas.