This form is a Warranty Deed where the Grantors are three individuals and the Grantee are two individuals. Grantors convey and warrant the described property to Grantees. This deed complies with all state statutory laws.
A warranty deed is a legal document that transfers ownership of real estate property from one party (granter) to another party (grantee) with a guarantee that the property title is clear of any liens or defects. In Coral Springs, Florida, there are several types of warranty deeds for transferring property ownership from three individuals to two individuals. 1. Joint Tenants Warranty Deed: This type of warranty deed is used when three individuals jointly own a property and wish to transfer their ownership to two other individuals. A joint tenancy includes the right of survivorship, meaning that if one of the owners' dies, their share automatically transfers to the remaining owners. 2. Tenants in Common Warranty Deed: If three individuals own a property as tenants in common and want to transfer their interests to two new individuals, a tenant in common warranty deed is used. Unlike joint tenancy, tenants in common do not have the right of survivorship, meaning that if one owner passes away, their share is passed to their heirs or as specified in their will. 3. Trustee's Warranty Deed: If three individuals hold the property in a trust and wish to transfer the property to two individuals, a trustee's warranty deed is employed. In this case, the trustee acts as the granter, transferring the property on behalf of the trust to the new grantees. Regardless of the specific type, a Coral Springs Florida warranty deed from three individuals to two individuals will include the names and addresses of all parties involved, a clear description of the property being transferred, the consideration (payment) made for the transfer, any liens or encumbrances on the property, and the guarantee that the granter has full authority to transfer the property. It is always recommended consulting with a real estate attorney or professional to ensure the deed complies with legal requirements and accurately reflects the intentions of the parties involved.A warranty deed is a legal document that transfers ownership of real estate property from one party (granter) to another party (grantee) with a guarantee that the property title is clear of any liens or defects. In Coral Springs, Florida, there are several types of warranty deeds for transferring property ownership from three individuals to two individuals. 1. Joint Tenants Warranty Deed: This type of warranty deed is used when three individuals jointly own a property and wish to transfer their ownership to two other individuals. A joint tenancy includes the right of survivorship, meaning that if one of the owners' dies, their share automatically transfers to the remaining owners. 2. Tenants in Common Warranty Deed: If three individuals own a property as tenants in common and want to transfer their interests to two new individuals, a tenant in common warranty deed is used. Unlike joint tenancy, tenants in common do not have the right of survivorship, meaning that if one owner passes away, their share is passed to their heirs or as specified in their will. 3. Trustee's Warranty Deed: If three individuals hold the property in a trust and wish to transfer the property to two individuals, a trustee's warranty deed is employed. In this case, the trustee acts as the granter, transferring the property on behalf of the trust to the new grantees. Regardless of the specific type, a Coral Springs Florida warranty deed from three individuals to two individuals will include the names and addresses of all parties involved, a clear description of the property being transferred, the consideration (payment) made for the transfer, any liens or encumbrances on the property, and the guarantee that the granter has full authority to transfer the property. It is always recommended consulting with a real estate attorney or professional to ensure the deed complies with legal requirements and accurately reflects the intentions of the parties involved.
