Olathe, Kansas, Warranty Deed is a legal document used to transfer ownership of real property from a corporation to two individuals. This type of deed guarantees that the granter (corporation) holds clear title to the property and has the legal authority to transfer ownership to the grantees (individuals). The warranty deed also protects the grantees from any prior claims or encumbrances on the property. There are various types of Olathe, Kansas, Warranty Deed from Corporation to Two Individuals, each serving different purposes and circumstances. Some of these types include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantees, as it guarantees clear title against any claims arising from any time in the property's history. The granter promises to defend the title and compensate the grantees for any losses incurred due to defects in the title. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed guarantees clear title only against claims or encumbrances that occurred during the granter's ownership. The granter does not provide protection against any prior claims. 3. Quitclaim Deed: This type of warranty deed is often used when the granter is unsure of the property's title or when transferring property between family members or close parties. A quitclaim deed makes no guarantees or warranties about the property's title and only transfers the granter's interest, if any, in the property to the grantees. It is crucial for both the granter and grantees to thoroughly review and understand the specific type of warranty deed being used in the Olathe, Kansas, Warranty Deed from Corporation to Two Individuals transaction. Seeking legal advice or assistance with drafting and executing the deed is highly recommended ensuring a smooth and legally-binding property transfer.
Olathe Kansas Warranty Deed from Corporation to Two Individuals
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How to fill out Olathe Kansas Warranty Deed From Corporation To Two Individuals?
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