Bargain And Sale Deed
A Bargain and Sale Deed is a legal document used in real estate transactions to transfer ownership of property from one party to another. In Virginia, it serves as a conveyance of property without warranties, meaning the seller does not guarantee clear title or defend against any claims. According to Virginia law, specifically § 55.1-327 of the Code of Virginia, a Bargain and Sale Deed implies certain covenants, including the grantor’s right to convey the property and the absence of encumbrances made by the grantor. This type of deed is commonly used when the seller wants to transfer ownership but does not want to provide assurances regarding the property’s condition or title.