A Coral Springs Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common is a legal document used to transfer ownership of real estate property from one or more individuals or a married couple to three individuals who will hold the property as tenants in common. This type of deed ensures that the granters (the individuals or husband and wife transferring the property) provide a warranty or guarantee that they have full legal right to sell the property and that there are no outstanding liens or encumbrances on it. In this specific type of deed, there are no specific variations based on the number of individuals involved. However, it is important to note that there are other types of warranty deeds used in real estate transactions, such as the Coral Springs Florida Special Warranty Deed and the Coral Springs Florida Quitclaim Deed. These different deed types may vary in the level of protection provided to the grantee (the person receiving the property). When it comes to the Coral Springs Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common, it is crucial to include key details within the document. Firstly, it should mention the names, addresses, and legal descriptions of the property of all the granters and grantees involved. Secondly, it should state the consideration amount for the property, which is the agreed-upon purchase price or value of the property being transferred. Additionally, it should explicitly state the shared tenancy in common arrangement, specifying that each of the three individuals involved will hold an undivided share in the property, without any rights of survivorship. This means that if one tenant in common passes away, their share will not automatically transfer to the other tenants but will instead be inherited based on their estate planning or through intestate succession laws. Furthermore, the Coral Springs Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common should include the warranty language, affirming that the granters are the lawful owners of the property, that the property is free from any undisclosed liens or encumbrances, and that they will defend the title against any future claims. This warranty typically extends only to the time the granters owned the property and does not cover any previous issues or claims. It is highly advisable to consult with a qualified real estate attorney or professional to ensure that the Coral Springs Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common is accurately prepared and executed according to Florida state laws.
Coral Springs Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common
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