What is a covenant of warranty?

A Covenant of Warranty is a type of contract that is used in Property Law in Washington. It is a promise from the seller of a piece of property that the buyer can depend on the quality of the property. The Covenant of Warranty involves three main parts. The first part is the covenantor, which is the person who is making the promise to the buyer. The second part is the covenantee, which is the person who is receiving the promise from the seller. The third part is the warranty itself, which is the actual promise that the seller is making. The Covenant of Warranty is an important part of Property Law in Washington because it ensures that the quality of a given property is as promised. It covers a variety of issues related to the quality of the property, including its condition, the title, and whether or not any liens exist. When signing a Covenant of Warranty, the seller is making a promise that the property is free of any defects or liens, and that it is free and clear of any encumbrances. This is an important part of the transaction, as it gives the buyer peace of mind that they are purchasing a quality product. In conclusion, a Covenant of Warranty is a contract used in Property Law in Washington. It is a promise from the seller of a piece of property that the buyer can depend on the quality of the property. This includes the condition, title, and any liens that may exist on the property, and it gives the buyer assurance that they are purchasing a quality product.

Related FAQs

What happens if the mortgage is not paid?
What is a prescriptive easement?
What is an exclusive right-to-sell agreement?
What rights does a tenant have under a lease?
What is the difference between a license and an easement?
What is a deed of gift?
What is an implied covenant?
What is the difference between a deed and a mortgage?
What is the “lost document rule”?
What is a deed?

What is a covenant of warranty?

Related FAQs

Related Blog Posts