This form is a Special Warranty Deed where the grantors are three individuals and the grantees are two individuals. Grantors sell and convey the property to the grantees but warrant and will defend right and title to the property against the claims of persons claiming by, through and under grantors, but not otherwise.
A detailed description of a Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals is as follows: A Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals is a legal document that conveys ownership of real property from three individuals to two individuals. This type of deed is commonly used when three individuals jointly own a property and wish to transfer their interests to two individuals while maintaining a special warranty of title. The special warranty in this type of deed implies that the granter will defend the property against any title defects arising during the period of the granter's ownership, but not against defects or claims that existed before their ownership. It provides a level of protection to the grantee, ensuring that they will not be held responsible for any claims or encumbrances that may arise during the granter's period of ownership. There are several variations of the Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals, including: 1. Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals with Survivorship: This type of deed includes a survivorship provision, whereby if one of the two individuals passes away, their ownership interest automatically passes to the surviving individual without the need for probate proceedings. 2. Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals without Survivorship: In this case, the deed does not include a survivorship provision. If one of the two individuals passes away, their ownership interest will be subject to probate proceedings and may pass to their heirs or beneficiaries as determined by their will or state intestacy laws. 3. Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals with Right of First Refusal: This type of deed includes a provision granting the third individual the right of first refusal, meaning that if the two individuals decide to sell or transfer their ownership interest in the property, they must first offer it to the third individual at a specified price and on specified terms before offering it to any other party. In summary, a Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals is a legal instrument used for transferring ownership of a property from three individuals to two individuals while providing a special warranty of title. It can include variations such as survivorship provisions or the right of first refusal, depending on the specific circumstances and intentions of the parties involved.A detailed description of a Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals is as follows: A Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals is a legal document that conveys ownership of real property from three individuals to two individuals. This type of deed is commonly used when three individuals jointly own a property and wish to transfer their interests to two individuals while maintaining a special warranty of title. The special warranty in this type of deed implies that the granter will defend the property against any title defects arising during the period of the granter's ownership, but not against defects or claims that existed before their ownership. It provides a level of protection to the grantee, ensuring that they will not be held responsible for any claims or encumbrances that may arise during the granter's period of ownership. There are several variations of the Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals, including: 1. Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals with Survivorship: This type of deed includes a survivorship provision, whereby if one of the two individuals passes away, their ownership interest automatically passes to the surviving individual without the need for probate proceedings. 2. Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals without Survivorship: In this case, the deed does not include a survivorship provision. If one of the two individuals passes away, their ownership interest will be subject to probate proceedings and may pass to their heirs or beneficiaries as determined by their will or state intestacy laws. 3. Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals with Right of First Refusal: This type of deed includes a provision granting the third individual the right of first refusal, meaning that if the two individuals decide to sell or transfer their ownership interest in the property, they must first offer it to the third individual at a specified price and on specified terms before offering it to any other party. In summary, a Pittsburgh Pennsylvania Special Warranty Deed — Three Individuals to Two Individuals is a legal instrument used for transferring ownership of a property from three individuals to two individuals while providing a special warranty of title. It can include variations such as survivorship provisions or the right of first refusal, depending on the specific circumstances and intentions of the parties involved.
