ELI5: Explain Like I'm 5

Warranty deed

A warranty deed is a special kind of paper that says you own something like a house or a land. When you buy a house or a land, the seller gives you this paper to show that you really own it. It's like a big sticker that says "this is mine."

But this paper isn't just any sticker. It's a sticker that comes with a promise. The seller promises that they have done all the things they need to do to make sure that you really own the house or the land. They promise that they haven't sold it to anyone else before, and that they haven't given it to anyone else to use.

This means that if someone comes along later and says "No, this is MY house!" you can show them the warranty deed paper and say "Nope! It's mine! The person who sold it to me promised they did everything they needed to do to make sure I really own it."

So a warranty deed is like a special, important sticker that says you really, really own something, and the person who sold it to you promised they did everything they needed to do to make sure of it.