Bronx New York Warranty Deed from two Individuals to Corporation

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• County: Bronx
• Control #: NY-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 Bronx New York Warranty Deed from two Individuals to Corporation is a legal document that transfers ownership of real estate property located in the Bronx, New York, from two individuals to a corporation. It provides a guarantee or warranty by the granters (individuals) that they have the legal right to convey the property to the grantee (corporation) and that the property is free from any encumbrances or claims, except those specifically mentioned in the deed. This warranty deed serves as evidence of the transfer of ownership and protects the grantee against any future claims or disputes related to the title of the property. It ensures that the grantee receives clear and marketable title to the real estate, affirming their right to possess, use, and transfer the property at their discretion. In Bronx, New York, there are different types of Warranty Deeds from two Individuals to Corporation that are commonly used, including: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee. It guarantees that the granters have full legal ownership of the property and will defend the title against any claims or disputes. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the granters have not caused any title defects during their ownership. It does not protect the grantee against any claims from prior owners. 3. Bargain and Sale Deed: This type of deed conveys the property to the grantee without any warranties. It implies that the grantee is taking the property "as is," without any guarantee of the granters' ownership or the property's condition. 4. Quitclaim Deed: A quitclaim deed is often used when there is uncertainty about the granters' ownership or if the granters want to transfer their interest in the property without making any warranties. It provides the least amount of protection to the grantee and does not guarantee the granters' ownership or the absence of any encumbrances. When executing a Bronx New York Warranty Deed from two Individuals to Corporation, it is essential to consult with a real estate attorney or professional to ensure compliance with local laws, regulations, and any specific requirements of the individuals, corporation, or property involved.

A Bronx New York Warranty Deed from two Individuals to Corporation is a legal document that transfers ownership of real estate property located in the Bronx, New York, from two individuals to a corporation. It provides a guarantee or warranty by the granters (individuals) that they have the legal right to convey the property to the grantee (corporation) and that the property is free from any encumbrances or claims, except those specifically mentioned in the deed. This warranty deed serves as evidence of the transfer of ownership and protects the grantee against any future claims or disputes related to the title of the property. It ensures that the grantee receives clear and marketable title to the real estate, affirming their right to possess, use, and transfer the property at their discretion. In Bronx, New York, there are different types of Warranty Deeds from two Individuals to Corporation that are commonly used, including: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee. It guarantees that the granters have full legal ownership of the property and will defend the title against any claims or disputes. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the granters have not caused any title defects during their ownership. It does not protect the grantee against any claims from prior owners. 3. Bargain and Sale Deed: This type of deed conveys the property to the grantee without any warranties. It implies that the grantee is taking the property "as is," without any guarantee of the granters' ownership or the property's condition. 4. Quitclaim Deed: A quitclaim deed is often used when there is uncertainty about the granters' ownership or if the granters want to transfer their interest in the property without making any warranties. It provides the least amount of protection to the grantee and does not guarantee the granters' ownership or the absence of any encumbrances. When executing a Bronx New York Warranty Deed from two Individuals to Corporation, it is essential to consult with a real estate attorney or professional to ensure compliance with local laws, regulations, and any specific requirements of the individuals, corporation, or property involved.