Philippine properties

Waive - Warranty Deed

WAIVE. To relinquish, abandon or surrender; To voluntarily forego a right, claim or privilege to enforce or require anything.

WARRANTY DEED. A deed used to convey real property in which the grantor warrants or guarantees that he is the legal owner and has the lawful right to sell, agreeing to protect the grantee against lawful claims of third persons.

Posted June 14, 2008 at 9:22 pm
Labels: Real Estate Glossary




 


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