Wake North Carolina General Warranty Deed from Individual to Husband and Wife

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• County: Wake
• Control #: NC-01-78
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to Husband and Wife form is a Warranty Deed where the Grantor is an individual and the Grantees are husband and wife. Grantor conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws. A Wake North Carolina General Warranty Deed from Individual to Husband and Wife is a legal document that transfers ownership of real property from an individual to a married couple. This type of deed provides a guarantee that the seller has clear and marketable title to the property and ensures that the buyers will be protected against any defects in the title. The process of transferring ownership through a General Warranty Deed involves several key elements. Firstly, the deed identifies the details of the property, including its legal description, physical address, and parcel number. It also includes information about the granter, the individual selling the property, and the grantees, the husband and wife who are acquiring it. The General Warranty Deed includes specific language that conveys the property with a warranty, or guarantee, by the granter to the grantees. This warranty promises that the granter has legal ownership rights to the property and will defend the title against any claims that may arise in the future. It also ensures that the granters will compensate the grantees for any losses incurred due to defects in the title, such as undisclosed liens or competing ownership claims. It's important to note that there may be variations of Wake North Carolina General Warranty Deeds from Individual to Husband and Wife, depending on the specific circumstances or purposes of the transfer. Some common variations include: 1. Joint Tenancy with Right of Survivorship: This type of deed ensures that in the event one spouse passes away, their share of the property automatically transfers to the surviving spouse, without the need for probate. 2. Tenants in Common: In this case, each spouse owns a specified percentage of the property, which can be allocated based on their individual contributions. Unlike joint tenancy, there is no automatic transfer of ownership upon death, and each spouse can pass on their share through their estate planning. 3. Limited Warranty Deed: While still providing some level of warranty, this type of deed limits the granter's warranty to defects or claims that occurred during their ownership of the property. It does not cover any issues that may have existed prior to their ownership. 4. Special Warranty Deed: This type of deed provides a limited warranty similar to the Limited Warranty Deed, but it covers only claims or defects arising from the granter's actions and does not include claims originating from previous owners. In conclusion, a Wake North Carolina General Warranty Deed from Individual to Husband and Wife is a comprehensive legal document that ensures the transfer of property is secure, protecting the buyers from future claims. Different variations of this deed offer specific provisions to fit different needs and circumstances.

A Wake North Carolina General Warranty Deed from Individual to Husband and Wife is a legal document that transfers ownership of real property from an individual to a married couple. This type of deed provides a guarantee that the seller has clear and marketable title to the property and ensures that the buyers will be protected against any defects in the title. The process of transferring ownership through a General Warranty Deed involves several key elements. Firstly, the deed identifies the details of the property, including its legal description, physical address, and parcel number. It also includes information about the granter, the individual selling the property, and the grantees, the husband and wife who are acquiring it. The General Warranty Deed includes specific language that conveys the property with a warranty, or guarantee, by the granter to the grantees. This warranty promises that the granter has legal ownership rights to the property and will defend the title against any claims that may arise in the future. It also ensures that the granters will compensate the grantees for any losses incurred due to defects in the title, such as undisclosed liens or competing ownership claims. It's important to note that there may be variations of Wake North Carolina General Warranty Deeds from Individual to Husband and Wife, depending on the specific circumstances or purposes of the transfer. Some common variations include: 1. Joint Tenancy with Right of Survivorship: This type of deed ensures that in the event one spouse passes away, their share of the property automatically transfers to the surviving spouse, without the need for probate. 2. Tenants in Common: In this case, each spouse owns a specified percentage of the property, which can be allocated based on their individual contributions. Unlike joint tenancy, there is no automatic transfer of ownership upon death, and each spouse can pass on their share through their estate planning. 3. Limited Warranty Deed: While still providing some level of warranty, this type of deed limits the granter's warranty to defects or claims that occurred during their ownership of the property. It does not cover any issues that may have existed prior to their ownership. 4. Special Warranty Deed: This type of deed provides a limited warranty similar to the Limited Warranty Deed, but it covers only claims or defects arising from the granter's actions and does not include claims originating from previous owners. In conclusion, a Wake North Carolina General Warranty Deed from Individual to Husband and Wife is a comprehensive legal document that ensures the transfer of property is secure, protecting the buyers from future claims. Different variations of this deed offer specific provisions to fit different needs and circumstances.