A warranty deed, the most comprehensive deed, is an agreement to transfer the title of property from one person to another. It will include the name of the new owner alongside the signature of the transferring person. For the purchaser of property, a warranty deed provides full legal protection as it confirms the purchaser is not tied to any outstanding liens, mortgages, or other third-party claims of the property. This deed is typically the final process of a real-estate purchase as the buyer has guaranteed and exclusive ownership.