This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A warranty deed is a legal document that typically accompanies the transfer of property ownership from a corporation to an individual in Green Bay, Wisconsin. It provides the purchaser with assurance that the property is free from any liens, encumbrances, or other claims that may affect their title to the property. This type of deed includes several important components and clauses designed to protect the buyer's interest and ensure a smooth transfer of ownership. In Green Bay, Wisconsin, there are two main types of warranty deeds that can be used for transferring property from a corporation to an individual: General Warranty Deed and Special Warranty Deed. 1. General Warranty Deed: A general warranty deed is the most common and comprehensive type of warranty deed. It provides the highest level of protection to the buyer as it guarantees that the corporation holds good title to the property and will defend the buyer against any claims arising from the history of ownership, even if they occurred before the corporation acquired it. This deed assures the buyer that they are receiving full ownership of the property, free from any undisclosed issues or defects. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, offers a more limited warranty compared to the general warranty deed. With this type of deed, the corporation only guarantees that it holds good title to the property for the duration of its ownership. Unlike the general warranty deed, it does not protect the buyer from claims arising from previous owners' actions or encumbrances on the property. Regardless of the specific type of warranty deed used, certain key elements are typically included: 1. Granter and Grantee: The deed identifies the granter (corporation) and the grantee (individual) who are parties involved in the transfer of ownership. 2. Legal Description: A detailed and accurate legal description of the property being transferred is included to ensure there is no confusion regarding the boundaries and location of the property. 3. Granting Clause: This statement explicitly indicates that the corporation is transferring its ownership interest in the property to the individual, warranting that it has full legal authority to do so. 4. Covenants: Covenants within the warranty deed express the corporation's promises and assurances to the individual, such as covenant of basin (ownership), covenant of quiet enjoyment, covenant against encumbrances, covenant of further assurance, and covenant of warranty. 5. Exceptions or Reservations: Any exceptions or reservations to the transfer of ownership must be clearly outlined in the deed, such as easements, rights-of-way, or restrictions. 6. Signatures and Notarization: All parties involved in the transfer must sign the warranty deed, and it must be notarized for it to be legally binding. It is important to consult with a qualified attorney or real estate professional when dealing with property transfers and warranty deeds to ensure that all legal requirements and specific considerations in Green Bay, Wisconsin, are met.A warranty deed is a legal document that typically accompanies the transfer of property ownership from a corporation to an individual in Green Bay, Wisconsin. It provides the purchaser with assurance that the property is free from any liens, encumbrances, or other claims that may affect their title to the property. This type of deed includes several important components and clauses designed to protect the buyer's interest and ensure a smooth transfer of ownership. In Green Bay, Wisconsin, there are two main types of warranty deeds that can be used for transferring property from a corporation to an individual: General Warranty Deed and Special Warranty Deed. 1. General Warranty Deed: A general warranty deed is the most common and comprehensive type of warranty deed. It provides the highest level of protection to the buyer as it guarantees that the corporation holds good title to the property and will defend the buyer against any claims arising from the history of ownership, even if they occurred before the corporation acquired it. This deed assures the buyer that they are receiving full ownership of the property, free from any undisclosed issues or defects. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, offers a more limited warranty compared to the general warranty deed. With this type of deed, the corporation only guarantees that it holds good title to the property for the duration of its ownership. Unlike the general warranty deed, it does not protect the buyer from claims arising from previous owners' actions or encumbrances on the property. Regardless of the specific type of warranty deed used, certain key elements are typically included: 1. Granter and Grantee: The deed identifies the granter (corporation) and the grantee (individual) who are parties involved in the transfer of ownership. 2. Legal Description: A detailed and accurate legal description of the property being transferred is included to ensure there is no confusion regarding the boundaries and location of the property. 3. Granting Clause: This statement explicitly indicates that the corporation is transferring its ownership interest in the property to the individual, warranting that it has full legal authority to do so. 4. Covenants: Covenants within the warranty deed express the corporation's promises and assurances to the individual, such as covenant of basin (ownership), covenant of quiet enjoyment, covenant against encumbrances, covenant of further assurance, and covenant of warranty. 5. Exceptions or Reservations: Any exceptions or reservations to the transfer of ownership must be clearly outlined in the deed, such as easements, rights-of-way, or restrictions. 6. Signatures and Notarization: All parties involved in the transfer must sign the warranty deed, and it must be notarized for it to be legally binding. It is important to consult with a qualified attorney or real estate professional when dealing with property transfers and warranty deeds to ensure that all legal requirements and specific considerations in Green Bay, Wisconsin, are met.
