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 Charlotte, North Carolina General Warranty Deed from three individuals to an individual is a legal document that transfers ownership of a property from three individuals, known as granters, to an individual, known as the grantee, with the assurance of a clear and marketable title. The deed provides the grantee with protection against any future claims or disputes on the property. It is a common type of deed used in real estate transactions. The General Warranty Deed in Charlotte, North Carolina ensures that the granters have legal ownership of the property and have the right to sell it. It guarantees that there are no undisclosed liens, encumbrances, or defects on the property, and the granters will defend the grantee's ownership against any potential claims. There may be different types or variations of the General Warranty Deed depending on specific circumstances or provisions included. Some possible variations include: 1. Joint Tenancy Deed: If three individuals co-own the property as joint tenants, they can use a General Warranty Deed to transfer their share or interest to a single individual. Joint tenants have equal ownership rights and, in case of death, their share passes to the surviving joint tenants automatically. 2. Tenancy in Common Deed: If three individuals own the property as tenants in common, they can use a General Warranty Deed to convey their respective shares to an individual. Unlike joint tenancy, tenants in common have distinct shares, and their interest can be passed on to their heirs or sold separately. 3. Trustee Deed: In some cases, the individuals may hold the property in a trust, and they may use a General Warranty Deed to transfer the property to an individual as a beneficiary or an assignee. This type of deed is commonly used in estate planning or for the transfer of property held in a trust. It is crucial to have an experienced real estate attorney or a title company involved in the process to draft and execute the General Warranty Deed accurately. They will ensure all necessary information is included, such as the legal description of the property, granter and grantee details, consideration (usually the purchase price), and any specific terms or conditions agreed upon during the transfer. Keywords: Charlotte, North Carolina, General Warranty Deed, three individuals, individual, granter, grantee, clear and marketable title, liens, encumbrances, defects, legal ownership, joint tenancy, tenants in common, trustee deed, real estate transactions, title company, legal description, consideration.
