Guarantee Deed Template

GUARANTEE DEED

This Guarantee Deed is made effective as of , (the "Effective Date"), by and between:

Grantor Name:

Grantee Name:

RECITALS

WHEREAS, Grantor is the lawful owner of the real property described below and has authority to convey the property; and

WHEREAS, Grantee desires to acquire good and marketable fee simple title to such property, and Grantor desires to convey and hereby guarantees to Grantee that title is free from defects except as expressly set forth herein; and

WHEREAS, the parties acknowledge receipt and sufficiency of the consideration described below and intend by this instrument to transfer the property with the warranties and covenants set forth herein.

CONVEYANCE

For and in consideration of $ lawful money of the United States, receipt of which is hereby acknowledged, Grantor hereby grants, bargains, sells, conveys and warrants to Grantee, and Grantee's heirs and assigns forever, all of Grantor's right, title and interest in and to the following described real property located in :

COVENANTS AND WARRANTIES

Grantor hereby covenants with Grantee and warrants to defend the title to the Property against the lawful claims and demands of all persons claiming by, through or under Grantor, subject only to the exceptions and reservations expressly set forth in this instrument. The covenants include, without limitation, covenants of seisin, right to convey, freedom from encumbrances (except as disclosed), quiet enjoyment, and further assurances.

CONSIDERATION AND PAYMENT TERMS

Purchase Price: $ paid as follows:

Late Payment Fee (if applicable):

DELIVERY, ACCEPTANCE, AND POSSESSION

Grantor covenants that upon recordation of this instrument and delivery of possession, Grantee shall be entitled to immediate possession and enjoyment of the Property subject to recorded exceptions. Grantee's acceptance of this Deed is evidenced by Grantee's signature below.

TAXES, ASSESSMENTS, AND COSTS

Unless otherwise agreed in writing, all real property taxes, assessments, recording fees, and closing costs arising on or after the Effective Date shall be paid by Grantee, and all such items accruing prior to the Effective Date shall be paid by Grantor, except as expressly provided in this instrument.

LIMITATION OF LIABILITY; INDEMNITY

Grantor shall indemnify and hold harmless Grantee against liabilities, costs, and expenses arising from breaches of the covenants made herein, including reasonable attorneys' fees incurred in enforcing this Deed, subject to applicable law.

CONFIDENTIALITY OF TRANSACTION TERMS

Except as required by law or necessary for recordation, the parties agree to keep the non-public terms of this transaction confidential and not to disclose purchase price allocation, negotiated terms, or financial information to third parties without the other party's prior written consent.

GOVERNING LAW

This Deed shall be governed by and construed in accordance with the laws of the state in which the Property is located. The parties submit to the exclusive jurisdiction of that state's courts for disputes arising from this Deed.

ENTIRE AGREEMENT

This Deed constitutes the entire agreement between the parties concerning the subject matter hereof. No prior or contemporaneous representations, agreements, or understandings, oral or written, shall have any force or effect except as expressly set forth in this instrument.

MISCELLANEOUS PROVISIONS

If any provision of this Deed is held invalid, the remaining provisions shall remain in full force and effect. Headings are for convenience only and shall not affect interpretation.

ACKNOWLEDGMENT

STATE OF , COUNTY OF .

On this day of , , before me, a notary public, personally appeared , known to me (or proved to me on the basis of satisfactory evidence) to be the person whose name is subscribed to this instrument, and acknowledged that he/she executed the same for the purposes stated therein.

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