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

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• County: Wake
• Control #: NC-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A Wake North Carolina General Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of property from a married couple to a corporation, guaranteeing that the property is free from any defects in title and asserting the rights of the corporation as the new owner. This type of deed is commonly used when a couple wishes to transfer property to their corporate entity for various reasons, such as tax benefits, asset protection, or business purposes. The Wake North Carolina General Warranty Deed from Husband and Wife to Corporation is commonly referred to as a "Husband and Wife Deed" or a "Spousal Deed." It is crucial to understand the specific requirements and guidelines outlined by the Wake County, North Carolina, jurisdiction when executing this type of deed. 1. Purpose: The purpose of a General Warranty Deed from Husband and Wife to Corporation is to legally transfer ownership of real estate from a married couple to a corporation, providing full guarantee against any claims or encumbrances. 2. Components: This deed includes several essential components, including the names and contact information of the husband and wife as granters, the detailed legal description of the property being transferred, the name and address of the corporation as the grantee, a statement of consideration, and the signatures of the husband and wife (granters), along with notarization. 3. Guarantee Clauses: The General Warranty Deed from Husband and Wife to Corporation typically contains guarantee clauses, such as: — Covenanbasinin: Thgrantersrs' assurance that they possess the legal title to the property and have the right to transfer ownership to the corporation. — Covenant of Quiet Enjoyment: The guarantee that the grantee (corporation) will not face any legal claims or disputes on the property's title, ensuring the corporation's uninterrupted possession and enjoyment of the property. — Covenant Against Encumbrances: The assurance that there are no liens, mortgages, or other claims against the property, except those explicitly mentioned in the deed. — Covenant of Warranty: The promise that the granters will defend the title against any claims made by third parties and compensate the grantee for any financial losses suffered as a result. 4. Types of General Warranty Deeds: Depending on the specific terms and conditions, there may be variations of Wake North Carolina General Warranty Deed from Husband and Wife to Corporation, such as: — Absolute Deed: This type of deed provides the most comprehensive guarantee of title, covering all potential defects or claims from the past. — Special Warranty Deed: A special warranty deed only guarantees against defects or claims that occurred during the granters' ownership of the property. It provides limited protection compared to an absolute deed. — Limited Warranty Deed: A limited warranty deed only guarantees against defects or claims made by the granter during his/her ownership, excluding any previous or future claims. When executing a Wake North Carolina General Warranty Deed from Husband and Wife to Corporation, it is important to seek legal advice and ensure compliance with all specific requirements and regulations set by Wake County, North Carolina.

A Wake North Carolina General Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of property from a married couple to a corporation, guaranteeing that the property is free from any defects in title and asserting the rights of the corporation as the new owner. This type of deed is commonly used when a couple wishes to transfer property to their corporate entity for various reasons, such as tax benefits, asset protection, or business purposes. The Wake North Carolina General Warranty Deed from Husband and Wife to Corporation is commonly referred to as a "Husband and Wife Deed" or a "Spousal Deed." It is crucial to understand the specific requirements and guidelines outlined by the Wake County, North Carolina, jurisdiction when executing this type of deed. 1. Purpose: The purpose of a General Warranty Deed from Husband and Wife to Corporation is to legally transfer ownership of real estate from a married couple to a corporation, providing full guarantee against any claims or encumbrances. 2. Components: This deed includes several essential components, including the names and contact information of the husband and wife as granters, the detailed legal description of the property being transferred, the name and address of the corporation as the grantee, a statement of consideration, and the signatures of the husband and wife (granters), along with notarization. 3. Guarantee Clauses: The General Warranty Deed from Husband and Wife to Corporation typically contains guarantee clauses, such as: — Covenanbasinin: Thgrantersrs' assurance that they possess the legal title to the property and have the right to transfer ownership to the corporation. — Covenant of Quiet Enjoyment: The guarantee that the grantee (corporation) will not face any legal claims or disputes on the property's title, ensuring the corporation's uninterrupted possession and enjoyment of the property. — Covenant Against Encumbrances: The assurance that there are no liens, mortgages, or other claims against the property, except those explicitly mentioned in the deed. — Covenant of Warranty: The promise that the granters will defend the title against any claims made by third parties and compensate the grantee for any financial losses suffered as a result. 4. Types of General Warranty Deeds: Depending on the specific terms and conditions, there may be variations of Wake North Carolina General Warranty Deed from Husband and Wife to Corporation, such as: — Absolute Deed: This type of deed provides the most comprehensive guarantee of title, covering all potential defects or claims from the past. — Special Warranty Deed: A special warranty deed only guarantees against defects or claims that occurred during the granters' ownership of the property. It provides limited protection compared to an absolute deed. — Limited Warranty Deed: A limited warranty deed only guarantees against defects or claims made by the granter during his/her ownership, excluding any previous or future claims. When executing a Wake North Carolina General Warranty Deed from Husband and Wife to Corporation, it is important to seek legal advice and ensure compliance with all specific requirements and regulations set by Wake County, North Carolina.