This form is a Special Warranty Deed where the grantor is a corporation and the grantee is a corporation. Grantor conveys and specially warrants the described property to the grantee. The grantor only warrant and will defend the property only as to claims of persons claiming by, through or under grantor, but not otherwise. This deed complies with all state statutory laws.
A Special Warranty Deed is a legal document used to transfer ownership of real estate from one corporation to another in Pittsburgh, Pennsylvania. This type of deed provides certain guarantees and protections to the buyer, known as the grantee, regarding the property's title. In a Special Warranty Deed — Corporation to Corporation, the selling corporation, referred to as the granter, warrants that it has received and owns the property being transferred. The granter also guarantees that it has not encumbered or sold the property to any other party during its ownership, except as explicitly stated in the deed. This type of deed is commonly used in commercial real estate transactions involving corporations. It ensures that the buyer is protected against any claims or defects in the property's title that may arise during the granter's ownership, i.e., only defects arising from the actions of the granter or its predecessors are covered. Pittsburgh, Pennsylvania, offers various types of Special Warranty Deeds — Corporation to Corporation, tailored to specific situations. Some of these include: 1. General Special Warranty Deed — Corporation to Corporation: This is the most common type of deed and provides a comprehensive warranty to the buyer, protecting against title defects arising from the granter's actions or omissions during its ownership. 2. Limited Special Warranty Deed — Corporation to Corporation: In this type of deed, the granter's warranty is limited to only those defects or claims arising during the granter's ownership period. It does not cover any previous undisclosed defects or claims. 3. Statutory Special Warranty Deed — Corporation to Corporation: This type of deed includes warranties and protections as provided by the Pennsylvania statutory laws governing the transfer of property. It offers an added layer of assurance to the grantee. 4. Special Warranty Deed with Covenants — Corporation to Corporation: In this deed, the granter provides additional promises or covenants regarding the property. These may include guarantees related to the property's condition, the granter's authority to sell, or specific promises made by the granter. It is important for both the granter and the grantee to carefully review and understand the provisions of the Pittsburgh Pennsylvania Special Warranty Deed — Corporation to Corporation before executing the transfer. It is advisable to seek legal counsel to ensure compliance with state laws and protect the interests of both parties in the real estate transaction.A Special Warranty Deed is a legal document used to transfer ownership of real estate from one corporation to another in Pittsburgh, Pennsylvania. This type of deed provides certain guarantees and protections to the buyer, known as the grantee, regarding the property's title. In a Special Warranty Deed — Corporation to Corporation, the selling corporation, referred to as the granter, warrants that it has received and owns the property being transferred. The granter also guarantees that it has not encumbered or sold the property to any other party during its ownership, except as explicitly stated in the deed. This type of deed is commonly used in commercial real estate transactions involving corporations. It ensures that the buyer is protected against any claims or defects in the property's title that may arise during the granter's ownership, i.e., only defects arising from the actions of the granter or its predecessors are covered. Pittsburgh, Pennsylvania, offers various types of Special Warranty Deeds — Corporation to Corporation, tailored to specific situations. Some of these include: 1. General Special Warranty Deed — Corporation to Corporation: This is the most common type of deed and provides a comprehensive warranty to the buyer, protecting against title defects arising from the granter's actions or omissions during its ownership. 2. Limited Special Warranty Deed — Corporation to Corporation: In this type of deed, the granter's warranty is limited to only those defects or claims arising during the granter's ownership period. It does not cover any previous undisclosed defects or claims. 3. Statutory Special Warranty Deed — Corporation to Corporation: This type of deed includes warranties and protections as provided by the Pennsylvania statutory laws governing the transfer of property. It offers an added layer of assurance to the grantee. 4. Special Warranty Deed with Covenants — Corporation to Corporation: In this deed, the granter provides additional promises or covenants regarding the property. These may include guarantees related to the property's condition, the granter's authority to sell, or specific promises made by the granter. It is important for both the granter and the grantee to carefully review and understand the provisions of the Pittsburgh Pennsylvania Special Warranty Deed — Corporation to Corporation before executing the transfer. It is advisable to seek legal counsel to ensure compliance with state laws and protect the interests of both parties in the real estate transaction.
