Greensboro North Carolina General Warranty Deed from Individual to a Trust

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Greensboro
• Control #: NC-015-77
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrant the described property to trustee of trust 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 state statutory laws. The Greensboro North Carolina General Warranty Deed from Individual to a Trust is a legally binding document that transfers ownership of real estate from an individual to a trust. This deed provides the trust with full protection against any claims or liens on the property and ensures clear and marketable title. A General Warranty Deed offers the highest level of protection to the buyer (trust) as it guarantees that the granter (individual) holds clear title to the property and has the right to sell it. It also assures the grantee (trust) that the property is free from encumbrances, defects, or undisclosed liens, both past and present. In Greensboro, North Carolina, there are two main types of General Warranty Deeds: 1. Traditional General Warranty Deed: This type of deed is commonly used to transfer property ownership from an individual to a trust. It includes several covenants that protect the grantee, such as the covenant of basin (a guarantee that the granter holds the title to the property), the covenant of quiet enjoyment (the assurance that the grantee will not face interference or disturbance in the use of the property), the covenant of encumbrances (guaranteeing that there are no undisclosed liens), the covenant of further assurances (a promise to rectify any potential title flaws that may arise), and the covenant of warranty (the granter guarantees to defend the grantee against any possible future claims on the property). 2. Joint Tenancy with Right of Survivorship (TWOS) General Warranty Deed: This type of deed is specifically used when property ownership is transferred from an individual to a trust with joint tenants. In Greensboro, North Carolina, this deed variant grants co-owners equal rights to the property and ensures that if one co-owner passes away, their share automatically passes on to the surviving joint tenants without going through probate. When drafting a Greensboro North Carolina General Warranty Deed from Individual to a Trust, it is crucial to include accurate property descriptions, details of the individuals involved, the trust's name and address, and an acknowledgment of the granter's signature. It is highly recommended consulting a qualified real estate attorney with expertise in North Carolina laws to ensure compliance and accuracy in executing the deed. Remember, understanding and utilizing the appropriate General Warranty Deed variant is essential to secure the trust's interests and preserve the property's marketability and free transferability.

The Greensboro North Carolina General Warranty Deed from Individual to a Trust is a legally binding document that transfers ownership of real estate from an individual to a trust. This deed provides the trust with full protection against any claims or liens on the property and ensures clear and marketable title. A General Warranty Deed offers the highest level of protection to the buyer (trust) as it guarantees that the granter (individual) holds clear title to the property and has the right to sell it. It also assures the grantee (trust) that the property is free from encumbrances, defects, or undisclosed liens, both past and present. In Greensboro, North Carolina, there are two main types of General Warranty Deeds: 1. Traditional General Warranty Deed: This type of deed is commonly used to transfer property ownership from an individual to a trust. It includes several covenants that protect the grantee, such as the covenant of basin (a guarantee that the granter holds the title to the property), the covenant of quiet enjoyment (the assurance that the grantee will not face interference or disturbance in the use of the property), the covenant of encumbrances (guaranteeing that there are no undisclosed liens), the covenant of further assurances (a promise to rectify any potential title flaws that may arise), and the covenant of warranty (the granter guarantees to defend the grantee against any possible future claims on the property). 2. Joint Tenancy with Right of Survivorship (TWOS) General Warranty Deed: This type of deed is specifically used when property ownership is transferred from an individual to a trust with joint tenants. In Greensboro, North Carolina, this deed variant grants co-owners equal rights to the property and ensures that if one co-owner passes away, their share automatically passes on to the surviving joint tenants without going through probate. When drafting a Greensboro North Carolina General Warranty Deed from Individual to a Trust, it is crucial to include accurate property descriptions, details of the individuals involved, the trust's name and address, and an acknowledgment of the granter's signature. It is highly recommended consulting a qualified real estate attorney with expertise in North Carolina laws to ensure compliance and accuracy in executing the deed. Remember, understanding and utilizing the appropriate General Warranty Deed variant is essential to secure the trust's interests and preserve the property's marketability and free transferability.