Charlotte North Carolina General Warranty Deed from two Individuals to Corporation

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Charlotte
• Control #: NC-05-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A Charlotte North Carolina General Warranty Deed from two Individuals to a Corporation is a legal document that transfers ownership of a property from two individuals or sellers to a corporation or buyer, with the guarantee that the property is free from any encumbrances or claims. The General Warranty Deed is a commonly used type of deed in real estate transactions that provides the highest level of protection to the buyer or corporation. It guarantees that the sellers have the legal right to sell the property and that they will defend the buyer or corporation against any claims or disputes that may arise in the future. The deed contains several key elements and information. Firstly, it includes the names of the two individuals who are selling the property, also known as the granters, and the name of the corporation that is purchasing the property, also known as the grantee. The deed also states the legal description of the property, which includes information such as the lot of number, subdivision name, and any additional details necessary to precisely identify the property. Additionally, the General Warranty Deed outlines the consideration, or the agreed-upon purchase price, for the property. It may also specify any conditions or contingencies that need to be satisfied before the deed is considered valid, such as inspections or financing requirements. Furthermore, the deed includes warranties or promises made by the sellers to the corporation. These warranties typically include the following: 1. Covenant of Seizing: This warranty ensures that the sellers have the legal right and authority to transfer ownership of the property. 2. Covenant of Right to Convey: This warranty guarantees that the sellers have the legal power to sell the property. 3. Covenant Against Encumbrances: This warranty assures that the property is free and clear from any liens, claims, or encumbrances, except those explicitly mentioned in the deed. 4. Covenant of Quiet Enjoyment: This warranty promises that the buyer or corporation will have peaceful and uninterrupted possession of the property without any interference. 5. Covenant of Warranty: This warranty pledges that the sellers will defend the buyer or corporation against any legal claims or disputes that may arise concerning the property. It's important to note that while the General Warranty Deed provides extensive protection to the buyer or corporation, the specifics of the deed may vary depending on the circumstances of the transaction or the preferences of the parties involved. There are no specific types of General Warranty Deeds in Charlotte, North Carolina that are exclusively designated for transfers from two individuals to a corporation. However, there may be variations in how the deed is prepared or titled, such as "General Warranty Deed from John Smith and Jane Doe to XYZ Corporation."

A Charlotte North Carolina General Warranty Deed from two Individuals to a Corporation is a legal document that transfers ownership of a property from two individuals or sellers to a corporation or buyer, with the guarantee that the property is free from any encumbrances or claims. The General Warranty Deed is a commonly used type of deed in real estate transactions that provides the highest level of protection to the buyer or corporation. It guarantees that the sellers have the legal right to sell the property and that they will defend the buyer or corporation against any claims or disputes that may arise in the future. The deed contains several key elements and information. Firstly, it includes the names of the two individuals who are selling the property, also known as the granters, and the name of the corporation that is purchasing the property, also known as the grantee. The deed also states the legal description of the property, which includes information such as the lot of number, subdivision name, and any additional details necessary to precisely identify the property. Additionally, the General Warranty Deed outlines the consideration, or the agreed-upon purchase price, for the property. It may also specify any conditions or contingencies that need to be satisfied before the deed is considered valid, such as inspections or financing requirements. Furthermore, the deed includes warranties or promises made by the sellers to the corporation. These warranties typically include the following: 1. Covenant of Seizing: This warranty ensures that the sellers have the legal right and authority to transfer ownership of the property. 2. Covenant of Right to Convey: This warranty guarantees that the sellers have the legal power to sell the property. 3. Covenant Against Encumbrances: This warranty assures that the property is free and clear from any liens, claims, or encumbrances, except those explicitly mentioned in the deed. 4. Covenant of Quiet Enjoyment: This warranty promises that the buyer or corporation will have peaceful and uninterrupted possession of the property without any interference. 5. Covenant of Warranty: This warranty pledges that the sellers will defend the buyer or corporation against any legal claims or disputes that may arise concerning the property. It's important to note that while the General Warranty Deed provides extensive protection to the buyer or corporation, the specifics of the deed may vary depending on the circumstances of the transaction or the preferences of the parties involved. There are no specific types of General Warranty Deeds in Charlotte, North Carolina that are exclusively designated for transfers from two individuals to a corporation. However, there may be variations in how the deed is prepared or titled, such as "General Warranty Deed from John Smith and Jane Doe to XYZ Corporation."