A Pittsburgh Pennsylvania Warranty Deed from Corporation to Two Individuals is a legal document that transfers ownership of real estate from a corporation to two individuals with a guarantee that the property is free from any liens, encumbrances, or claims made by the corporation or any other party. This type of deed provides the utmost level of protection to the new property owners, ensuring their rights and interests are safeguarded. In Pittsburgh, there are two common types of Warranty Deeds from Corporation to Two Individuals: 1. General Warranty Deed: This type of deed guarantees that the property being transferred is free from any defects in title, both past, and present, as well as any future claims. It provides the broadest level of protection to the new owners, assuring them that they have full ownership rights and that the corporation has complete authority to transfer the property. 2. Special Warranty Deed: This type of deed also guarantees the property's title, but it only protects against any defects or claims that arose during the corporation's ownership. It does not cover any issues or claims that existed before the corporation acquired the property. While it offers a level of protection, it is not as comprehensive as a General Warranty Deed. When drafting a Pittsburgh Pennsylvania Warranty Deed from Corporation to Two Individuals, it is important to include relevant information such as the names and addresses of both the corporation and the two individuals involved in the transfer. The legal description of the property, including its boundaries, survey information, and parcel numbers, should also be included. Furthermore, the deed should clearly state that the transfer is a Warranty Deed and specify the type (General or Special) being used. It should outline the consideration or payment made for the property and mention any additional terms or conditions agreed upon by both parties, such as any contingencies or restrictions on the use of the property. It is highly recommended consulting a qualified real estate attorney or professional specializing in Pittsburgh real estate law to ensure the deed complies with all local, state, and federal regulations. The attorney can also assist in conducting a title search to verify the property's ownership and assist in drafting the appropriate language to protect the interests of the two individuals receiving the property.
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How to fill out Pittsburgh Pennsylvania Warranty Deed From Corporation To Two Individuals?
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