This form is a Warranty Deed where the grantors are Husband and Wife and the grantees are three individuals. Grantors convey and warrant the described property to the grantees. Grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals is a legal document that transfers ownership rights of a property located within the city limits of Lee's Summit, Missouri, from a married couple to three individuals. This type of warranty deed is commonly used when a married couple wishes to jointly convey their property to multiple individuals as beneficiaries or co-owners. The Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals ensures the transfer of the property is legally binding and protects the new owners' interests. It provides a guarantee, called a warranty, that the property is free from any encumbrances, liens, or claims, except those specifically mentioned in the deed. This warranty deed includes the following essential information: 1. Granters: The names and addresses of the husband and wife who are transferring the property. 2. Grantees: The names and addresses of the three individuals who will become the new owners of the property. 3. Legal Description: A detailed and accurate description of the property being transferred, including its boundaries, lot number, and any other identifying details. 4. Consideration: The monetary value or other assets exchanged as part of the transfer, typically mentioned as "for valuable consideration." 5. Covenants: The specific promises made by the granters to the grantees, guaranteeing that the property is free of any title defects, claims, or encumbrances. 6. Signatures: The granters' and grantees' signatures, as well as the date of execution, are required to make the deed legally binding. 7. Notary Public: A notary public's acknowledgment and seal to authenticate the signatures and ensure the legality of the deed. Other variations of Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals may include specific additional clauses or provisions tailored to the unique circumstances of a property transfer. These can include: — Survivorship Rights: A clause specifying the rights and ownership shares between the three individuals in the event of the death of one or more owners. This can determine whether the surviving owners automatically inherit the deceased owner's share or if it passes to their heirs. — Restrictions or Limitations: Any limitations or restrictions on the use, development, or sale of the property may be included to protect the interests of the granters or the grantees. — Right of First Refusal: This clause grants the granters or other specified individuals the right to purchase the property back before it is sold to a third party. — Easements and Rights-of-Way: Any shared access rights, utility easements, or specific rights-of-way necessary for the use and enjoyment of the property can be detailed in the deed. It is essential to consult with a qualified attorney or real estate professional to ensure accurate drafting and execution of the Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals, as well as to address any specific concerns or requirements of the involved parties.Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals is a legal document that transfers ownership rights of a property located within the city limits of Lee's Summit, Missouri, from a married couple to three individuals. This type of warranty deed is commonly used when a married couple wishes to jointly convey their property to multiple individuals as beneficiaries or co-owners. The Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals ensures the transfer of the property is legally binding and protects the new owners' interests. It provides a guarantee, called a warranty, that the property is free from any encumbrances, liens, or claims, except those specifically mentioned in the deed. This warranty deed includes the following essential information: 1. Granters: The names and addresses of the husband and wife who are transferring the property. 2. Grantees: The names and addresses of the three individuals who will become the new owners of the property. 3. Legal Description: A detailed and accurate description of the property being transferred, including its boundaries, lot number, and any other identifying details. 4. Consideration: The monetary value or other assets exchanged as part of the transfer, typically mentioned as "for valuable consideration." 5. Covenants: The specific promises made by the granters to the grantees, guaranteeing that the property is free of any title defects, claims, or encumbrances. 6. Signatures: The granters' and grantees' signatures, as well as the date of execution, are required to make the deed legally binding. 7. Notary Public: A notary public's acknowledgment and seal to authenticate the signatures and ensure the legality of the deed. Other variations of Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals may include specific additional clauses or provisions tailored to the unique circumstances of a property transfer. These can include: — Survivorship Rights: A clause specifying the rights and ownership shares between the three individuals in the event of the death of one or more owners. This can determine whether the surviving owners automatically inherit the deceased owner's share or if it passes to their heirs. — Restrictions or Limitations: Any limitations or restrictions on the use, development, or sale of the property may be included to protect the interests of the granters or the grantees. — Right of First Refusal: This clause grants the granters or other specified individuals the right to purchase the property back before it is sold to a third party. — Easements and Rights-of-Way: Any shared access rights, utility easements, or specific rights-of-way necessary for the use and enjoyment of the property can be detailed in the deed. It is essential to consult with a qualified attorney or real estate professional to ensure accurate drafting and execution of the Lee's Summit Missouri Warranty Deed — Husband and Wife to Three Individuals, as well as to address any specific concerns or requirements of the involved parties.
