Cambridge Massachusetts Warranty Deed from two Individuals to Corporation

• Category: Massachusetts Real Estate - Deeds - Warranty
• State: Massachusetts
• City: Cambridge
• Control #: MA-05-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. Description: A Cambridge Massachusetts Warranty Deed from two Individuals to Corporation is a legally binding document that transfers ownership of a property from two individuals to a corporate entity in Cambridge, Massachusetts. It provides assurance that the property is free from any encumbrances or claims, guaranteeing the new owner that they have full and clear title to the property. This type of deed is commonly used when individuals, who may be homeowners or real estate investors, decide to sell their property to a corporation for various reasons. It ensures a smooth transfer of ownership and protects the corporation from any potential legal issues that could arise from the property's past. There are different types of Cambridge Massachusetts Warranty Deeds from two Individuals to Corporation: 1. General Warranty Deed: This type of deed provides the highest level of protection to the corporation. It guarantees that the granters (the two individuals) have a clear title to the property and will defend the corporation against any claims that may arise from previous ownership. 2. Special Warranty Deed: This type of deed guarantees that the granters have not caused any encumbrances on the property during their ownership. However, it does not provide protection against claims that may arise from previous ownership. 3. Quitclaim Deed: While not a warranty deed, this type of deed is also used when transferring property to a corporation. It transfers the granters' interest in the property without any warranties or guarantees. The corporation accepts the property "as is," assuming any potential risks or issues associated with it. In all types of Cambridge Massachusetts Warranty Deeds from two Individuals to Corporation, the document must include essential information such as the legal description of the property, the names and addresses of the granters, the name and address of the corporation, the purchase price or consideration paid, and the signatures of all parties involved. It is crucial to consult with a qualified real estate attorney or a professional title company to ensure that all legal requirements are met and that the warranty deed accurately reflects the intentions of the granters and the corporation.

Description: A Cambridge Massachusetts Warranty Deed from two Individuals to Corporation is a legally binding document that transfers ownership of a property from two individuals to a corporate entity in Cambridge, Massachusetts. It provides assurance that the property is free from any encumbrances or claims, guaranteeing the new owner that they have full and clear title to the property. This type of deed is commonly used when individuals, who may be homeowners or real estate investors, decide to sell their property to a corporation for various reasons. It ensures a smooth transfer of ownership and protects the corporation from any potential legal issues that could arise from the property's past. There are different types of Cambridge Massachusetts Warranty Deeds from two Individuals to Corporation: 1. General Warranty Deed: This type of deed provides the highest level of protection to the corporation. It guarantees that the granters (the two individuals) have a clear title to the property and will defend the corporation against any claims that may arise from previous ownership. 2. Special Warranty Deed: This type of deed guarantees that the granters have not caused any encumbrances on the property during their ownership. However, it does not provide protection against claims that may arise from previous ownership. 3. Quitclaim Deed: While not a warranty deed, this type of deed is also used when transferring property to a corporation. It transfers the granters' interest in the property without any warranties or guarantees. The corporation accepts the property "as is," assuming any potential risks or issues associated with it. In all types of Cambridge Massachusetts Warranty Deeds from two Individuals to Corporation, the document must include essential information such as the legal description of the property, the names and addresses of the granters, the name and address of the corporation, the purchase price or consideration paid, and the signatures of all parties involved. It is crucial to consult with a qualified real estate attorney or a professional title company to ensure that all legal requirements are met and that the warranty deed accurately reflects the intentions of the granters and the corporation.