This form is a General Warranty Deed where the Grantors are three (3) individuals and the Grantee is an individual. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A Cary North Carolina General Warranty Deed is a legal document that transfers ownership of real property from three individuals to another individual, guaranteeing that the property is free of any liens or encumbrances. This type of deed provides the highest level of protection to the buyer, as it ensures that the seller will defend the title and compensate for any losses incurred due to any defects in the title. There are different variations of Cary North Carolina General Warranty Deeds that may be used depending on specific circumstances, such as: 1. Cary North Carolina Joint Tenancy General Warranty Deed: This deed is commonly used when multiple individuals jointly own a property and wish to transfer their interest to a single individual. It ensures that the new owner receives the property with the same rights of survivorship as the original owners. 2. Cary North Carolina Tenants in Common General Warranty Deed: This type of deed is commonly used when multiple individuals own different shares or percentages of a property and wish to transfer their respective interests to a single individual. Each owner can transfer their share separately, and the new owner holds a separate title for their portion of the property. 3. Cary North Carolina Special Warranty Deed: While not a "General" Warranty Deed, a Special Warranty Deed is also used to transfer ownership from three individuals to an individual. However, unlike a General Warranty Deed, the special warranty deed only guarantees the property against defects that occurred during the ownership of the current seller, and it does not protect against any defects that may have existed before the seller owned the property. It is important to consult a qualified real estate attorney or title professional when dealing with these types of legal documents to ensure the deed is drafted correctly and accurately reflects the intentions of the parties involved.A Cary North Carolina General Warranty Deed is a legal document that transfers ownership of real property from three individuals to another individual, guaranteeing that the property is free of any liens or encumbrances. This type of deed provides the highest level of protection to the buyer, as it ensures that the seller will defend the title and compensate for any losses incurred due to any defects in the title. There are different variations of Cary North Carolina General Warranty Deeds that may be used depending on specific circumstances, such as: 1. Cary North Carolina Joint Tenancy General Warranty Deed: This deed is commonly used when multiple individuals jointly own a property and wish to transfer their interest to a single individual. It ensures that the new owner receives the property with the same rights of survivorship as the original owners. 2. Cary North Carolina Tenants in Common General Warranty Deed: This type of deed is commonly used when multiple individuals own different shares or percentages of a property and wish to transfer their respective interests to a single individual. Each owner can transfer their share separately, and the new owner holds a separate title for their portion of the property. 3. Cary North Carolina Special Warranty Deed: While not a "General" Warranty Deed, a Special Warranty Deed is also used to transfer ownership from three individuals to an individual. However, unlike a General Warranty Deed, the special warranty deed only guarantees the property against defects that occurred during the ownership of the current seller, and it does not protect against any defects that may have existed before the seller owned the property. It is important to consult a qualified real estate attorney or title professional when dealing with these types of legal documents to ensure the deed is drafted correctly and accurately reflects the intentions of the parties involved.
