Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation

• Category: Minnesota Real Estate - Deeds - Warranty
• State: Minnesota
• City: Saint Paul
• Control #: MN-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation is a legal document that facilitates the transfer of property ownership rights from a married couple (Husband and Wife) to a corporation. This deed provides a guarantee that the property's title is clear, free of any encumbrances, and that the couple holds the absolute right to transfer the property. In Saint Paul, Minnesota, there are two types of warranty deeds commonly used under this scenario: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the corporation acquiring the property. It guarantees that the sellers (Husband and Wife) will defend the title against any claims that may arise in the future, even if they occurred before their ownership. 2. Special Warranty Deed: This type of warranty deed provides a more limited guarantee. It ensures that the sellers (Husband and Wife) will defend the title against any claims resulting from their ownership period only. This means the sellers are responsible for any encumbrances or defects arising during their tenure, but not prior to their ownership. When drafting a Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation, certain essential elements and information must be included: 1. Identification of Parties: The deed should clearly state the names and addresses of the Husband and Wife as granters (the sellers) and the corporation as the grantee (the buyer). 2. Property Description: The deed must provide a detailed and accurate legal description of the property being conveyed. This includes the property's address, lot numbers, and any other necessary identifying information. 3. Consideration: The deed should mention the consideration, i.e., the agreed-upon monetary value or form of payment for the property. 4. Granting Clause: This clause states the intentions of the granters to convey the property to the grantee. It often uses language such as "grant, bargain, and sell." 5. Warranty: The deed should include language that warrants the property's title against any claims, encumbrances, or defects. For a General Warranty Deed, this warranty should cover the entire ownership history, while a Special Warranty Deed should specify the limitation. 6. Signature and Notarization: The deed must be signed by the granters in the presence of a Notary Public to ensure its validity. The Notary Public will also affix their seal and acknowledgment. It is important to consult with a qualified legal professional when preparing a Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation to ensure compliance with specific state laws and regulations.

A Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation is a legal document that facilitates the transfer of property ownership rights from a married couple (Husband and Wife) to a corporation. This deed provides a guarantee that the property's title is clear, free of any encumbrances, and that the couple holds the absolute right to transfer the property. In Saint Paul, Minnesota, there are two types of warranty deeds commonly used under this scenario: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the corporation acquiring the property. It guarantees that the sellers (Husband and Wife) will defend the title against any claims that may arise in the future, even if they occurred before their ownership. 2. Special Warranty Deed: This type of warranty deed provides a more limited guarantee. It ensures that the sellers (Husband and Wife) will defend the title against any claims resulting from their ownership period only. This means the sellers are responsible for any encumbrances or defects arising during their tenure, but not prior to their ownership. When drafting a Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation, certain essential elements and information must be included: 1. Identification of Parties: The deed should clearly state the names and addresses of the Husband and Wife as granters (the sellers) and the corporation as the grantee (the buyer). 2. Property Description: The deed must provide a detailed and accurate legal description of the property being conveyed. This includes the property's address, lot numbers, and any other necessary identifying information. 3. Consideration: The deed should mention the consideration, i.e., the agreed-upon monetary value or form of payment for the property. 4. Granting Clause: This clause states the intentions of the granters to convey the property to the grantee. It often uses language such as "grant, bargain, and sell." 5. Warranty: The deed should include language that warrants the property's title against any claims, encumbrances, or defects. For a General Warranty Deed, this warranty should cover the entire ownership history, while a Special Warranty Deed should specify the limitation. 6. Signature and Notarization: The deed must be signed by the granters in the presence of a Notary Public to ensure its validity. The Notary Public will also affix their seal and acknowledgment. It is important to consult with a qualified legal professional when preparing a Saint Paul Minnesota Warranty Deed from Husband and Wife to Corporation to ensure compliance with specific state laws and regulations.