This form is a Warranty Deed where the Grantor is a Trust and the Grantees are two Individuals. Grantor conveys and warrants the described property to Granttees. The Grantees take the property as tenants in common; joint tenants with the right of survivorship; or, if married, tenants by the entireties. This deed complies with all state statutory laws.
A Broken Arrow Oklahoma Warranty Deed from a Trust to Two Individuals is a legal document that transfers ownership of a property located in Broken Arrow, Oklahoma from a trust to two individuals. This type of deed ensures that the property being transferred is free from any liens or encumbrances, and guarantees that the trust has the legal right to transfer ownership. Keywords: Broken Arrow Oklahoma, Warranty Deed, Trust, Two Individuals, legal document, property ownership, liens, encumbrances, transfer of ownership, legal rights. There are different types of Broken Arrow Oklahoma Warranty Deeds from a Trust to Two Individuals, namely: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the buyers as it guarantees that the seller (trust) holds clear title to the property and will defend the buyers against any claims that may arise from the property's history. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees that the trust will defend the buyers against claims that may arise during the period the trust owned the property. It does not provide protection against issues that may have existed prior to the trust acquiring ownership. 3. Quitclaim Deed: A quitclaim deed is a type of warranty deed that transfers the trust's interest in the property to the two individuals without any warranties or guarantees. It simply states that the trust releases any claim it has on the property. This type of deed provides the least amount of protection to the buyers. 4. Life Estate Deed: A life estate deed allows the trust to transfer ownership of the property to the two individuals while retaining the right to live in or use the property until their death. Once the trust passes away, full ownership is automatically transferred to the two individuals. It is important to consult with a real estate attorney or professional when dealing with any type of warranty deed to ensure that all legal requirements and conditions are met during the transfer of property ownership.A Broken Arrow Oklahoma Warranty Deed from a Trust to Two Individuals is a legal document that transfers ownership of a property located in Broken Arrow, Oklahoma from a trust to two individuals. This type of deed ensures that the property being transferred is free from any liens or encumbrances, and guarantees that the trust has the legal right to transfer ownership. Keywords: Broken Arrow Oklahoma, Warranty Deed, Trust, Two Individuals, legal document, property ownership, liens, encumbrances, transfer of ownership, legal rights. There are different types of Broken Arrow Oklahoma Warranty Deeds from a Trust to Two Individuals, namely: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the buyers as it guarantees that the seller (trust) holds clear title to the property and will defend the buyers against any claims that may arise from the property's history. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees that the trust will defend the buyers against claims that may arise during the period the trust owned the property. It does not provide protection against issues that may have existed prior to the trust acquiring ownership. 3. Quitclaim Deed: A quitclaim deed is a type of warranty deed that transfers the trust's interest in the property to the two individuals without any warranties or guarantees. It simply states that the trust releases any claim it has on the property. This type of deed provides the least amount of protection to the buyers. 4. Life Estate Deed: A life estate deed allows the trust to transfer ownership of the property to the two individuals while retaining the right to live in or use the property until their death. Once the trust passes away, full ownership is automatically transferred to the two individuals. It is important to consult with a real estate attorney or professional when dealing with any type of warranty deed to ensure that all legal requirements and conditions are met during the transfer of property ownership.
