This form is a Special Warranty Deed where the grantor is an individual and the grantees are two individuals. Grantor conveys and specially warrants the described property to the grantees. The grantor will only warrant and will defend the property only as to claims of persons claiming by, through or under grantors, but not otherwise. This deed complies with all state statutory laws.
A Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals is a legal document that transfers the ownership of a property located in Philadelphia, Pennsylvania, from one individual to two other individuals. This type of deed provides a limited warranty of title, thereby assuring the two individuals, known as grantees, that the property is not encumbered or burdened by any defects during the time the granter individually held the title. When executing a Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals, it is important to properly identify the granter, the two individual grantees, and accurately describe the property being conveyed. The deed must specify the legal description of the property, including its address, boundaries, and any additional identifying information necessary to avoid any confusion. Additionally, it should state the intentions of the granter to transfer the property to the grantees. There are various types of Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals, depending on the specific circumstances involved. These may include: 1. Standard Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals: This is the most common type of special warranty deed where the granter, an individual, transfers the property to two individuals as grantees, with a limited warranty of title. 2. Philadelphia Pennsylvania Joint Tenancy Special Warranty Deed — Individual to Two Individuals: This special warranty deed is used when the granter wishes to create a joint tenancy between the two individual grantees. Joint tenancy grants the co-owners an equal share of the property, which includes the "right of survivorship" ensuring that if one owner passes away, their share automatically transfers to the surviving owner. 3. Philadelphia Pennsylvania Tenancy in Common Special Warranty Deed — Individual to Two Individuals: This type of special warranty deed is employed when the granter intends to establish a tenancy in common between the two individual grantees. Tenancy in common allows each owner to possess an undivided interest in the property, and their shares can be unequal. Unlike joint tenancy, in tenancy in common, there is no right of survivorship, meaning that each owner can transfer or sell their share independently. It is crucial to consult with a professional real estate attorney or a licensed title professional when executing a Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals. They can provide guidance, ensure compliance with local laws, and offer expert advice to protect the rights and interests of all parties involved in the property transfer process.A Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals is a legal document that transfers the ownership of a property located in Philadelphia, Pennsylvania, from one individual to two other individuals. This type of deed provides a limited warranty of title, thereby assuring the two individuals, known as grantees, that the property is not encumbered or burdened by any defects during the time the granter individually held the title. When executing a Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals, it is important to properly identify the granter, the two individual grantees, and accurately describe the property being conveyed. The deed must specify the legal description of the property, including its address, boundaries, and any additional identifying information necessary to avoid any confusion. Additionally, it should state the intentions of the granter to transfer the property to the grantees. There are various types of Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals, depending on the specific circumstances involved. These may include: 1. Standard Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals: This is the most common type of special warranty deed where the granter, an individual, transfers the property to two individuals as grantees, with a limited warranty of title. 2. Philadelphia Pennsylvania Joint Tenancy Special Warranty Deed — Individual to Two Individuals: This special warranty deed is used when the granter wishes to create a joint tenancy between the two individual grantees. Joint tenancy grants the co-owners an equal share of the property, which includes the "right of survivorship" ensuring that if one owner passes away, their share automatically transfers to the surviving owner. 3. Philadelphia Pennsylvania Tenancy in Common Special Warranty Deed — Individual to Two Individuals: This type of special warranty deed is employed when the granter intends to establish a tenancy in common between the two individual grantees. Tenancy in common allows each owner to possess an undivided interest in the property, and their shares can be unequal. Unlike joint tenancy, in tenancy in common, there is no right of survivorship, meaning that each owner can transfer or sell their share independently. It is crucial to consult with a professional real estate attorney or a licensed title professional when executing a Philadelphia Pennsylvania Special Warranty Deed — Individual to Two Individuals. They can provide guidance, ensure compliance with local laws, and offer expert advice to protect the rights and interests of all parties involved in the property transfer process.
