This form is a Special Warranty Deed where the grantors are three individuals and the grantee is an individual. Grantors convey and specially warrant the described property to the grantee. The grantors only warrant and will defend the property only as to claims of persons claiming by, through or under grantors, but not otherwise. This deed complies with all state statutory laws.
A Tempe, Arizona Special Warranty Deed — Three Individuals to One Individual is a legal document that facilitates the transfer of property ownership from three individuals to a single individual in Tempe, Arizona. This type of special warranty deed provides limited assurances of title and grants the new owner certain rights and protections. In this context, a special warranty deed is a type of deed that guarantees the property only against problems or claims that arose during the time the current owner held the property. It does not provide protection against issues or claims that occurred before the current owner's ownership. This means that the new owner assumes responsibility for any pre-existing title defects or claims. There are two common types of Tempe Arizona Special Warranty Deed — Three Individuals to One Individual: 1. Joint Tenancy with Right of Survivorship: This special warranty deed type allows the three individuals to transfer their joint ownership interests to a single individual while providing the right of survivorship. In the event of the death of one of the three individuals, the remaining individual(s) retain full ownership of the property. This ensures a smooth transfer of ownership without going through the probate process. 2. Tenancy in Common: This special warranty deed type allows the three individuals to transfer their ownership interests to a single individual without the right of survivorship. Each individual's ownership interest is stated clearly, and in case of their death, their share is passed on according to their will or applicable laws of succession. This type of special warranty deed allows for flexible distribution of ownership interests among the parties involved. Overall, a Tempe Arizona Special Warranty Deed — Three Individuals to One Individual is a legal instrument that enables the transfer of property ownership from multiple individuals to a single individual in Tempe. However, it's essential to consult with an attorney or real estate professional to understand the specific terms and implications of the deed to ensure a smooth and legally sound transaction.A Tempe, Arizona Special Warranty Deed — Three Individuals to One Individual is a legal document that facilitates the transfer of property ownership from three individuals to a single individual in Tempe, Arizona. This type of special warranty deed provides limited assurances of title and grants the new owner certain rights and protections. In this context, a special warranty deed is a type of deed that guarantees the property only against problems or claims that arose during the time the current owner held the property. It does not provide protection against issues or claims that occurred before the current owner's ownership. This means that the new owner assumes responsibility for any pre-existing title defects or claims. There are two common types of Tempe Arizona Special Warranty Deed — Three Individuals to One Individual: 1. Joint Tenancy with Right of Survivorship: This special warranty deed type allows the three individuals to transfer their joint ownership interests to a single individual while providing the right of survivorship. In the event of the death of one of the three individuals, the remaining individual(s) retain full ownership of the property. This ensures a smooth transfer of ownership without going through the probate process. 2. Tenancy in Common: This special warranty deed type allows the three individuals to transfer their ownership interests to a single individual without the right of survivorship. Each individual's ownership interest is stated clearly, and in case of their death, their share is passed on according to their will or applicable laws of succession. This type of special warranty deed allows for flexible distribution of ownership interests among the parties involved. Overall, a Tempe Arizona Special Warranty Deed — Three Individuals to One Individual is a legal instrument that enables the transfer of property ownership from multiple individuals to a single individual in Tempe. However, it's essential to consult with an attorney or real estate professional to understand the specific terms and implications of the deed to ensure a smooth and legally sound transaction.
