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The Property Warranty Deed is a crucial document in Canadian real estate transactions, used when transferring real property ownership with full title guarantees. This type of deed provides the highest level of protection to the buyer, as it includes both express and implied warranties about the property's title. The document is commonly used in both residential and commercial property transactions where the seller can confidently warrant clear title. The Property Warranty Deed must comply with both federal and provincial legislation, including specific requirements for property description, execution, and registration. It contains various warranties, including guarantees that the grantor owns the property, has the right to sell it, and will defend against any title claims. The deed is particularly important in situations where buyers require maximum assurance about the property's title and the seller's authority to transfer it.
