New York Warranty Deed from Individual to Corporation
What this document covers
The Warranty Deed from Individual to Corporation is a legal document that facilitates the transfer of property ownership from an individual (the grantor) to a corporate entity (the grantee). This form ensures that the grantor is conveying clear title of the property while also reserving rights to any oil, gas, and minerals that may be beneath the surface. This warranty deed differs from other types of deeds, such as quitclaim deeds, by providing a guarantee against any future claims on the title, thus offering added security to the corporation receiving the property.
Main sections of this form
- Identification of the grantor (individual) and grantee (corporation).
- Legal description of the property being transferred.
- Statement of warranty, ensuring the property is free of encumbrances.
- Signature of the grantor to execute the deed.
- Space for acknowledgment by a notary public or other official.
When to use this document
This form is essential when an individual wishes to transfer ownership of real estate to a corporation. It can be used in various situations, such as when a business is purchasing property for its operations, or when an individual decides to hold real estate under a corporate structure for liability and tax purposes.
Who should use this form
- Individuals looking to transfer property to a corporation.
- Corporate representatives handling the acquisition of real estate.
- Real estate professionals facilitating property transactions.
Completing this form step by step
- Identify the parties involved, listing the full name of the individual (grantor) and the corporate entity (grantee).
- Provide the legal description of the property being conveyed, referencing Exhibit A if necessary.
- State the warranty section, confirming there are no encumbrances on the property.
- Have the grantor sign and date the deed, ensuring the date reflects the transfer day.
- Arrange for a notary public to acknowledge the signing, which may be necessary depending on local laws.
Does this document require notarization?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
Common mistakes
- Not including a full legal description of the property.
- Failing to sign and date the document correctly.
- Omitting the acknowledgment page for a notary.
- Not ensuring the grantor is the rightful owner of the property.
Advantages of online completion
- Convenience of downloading the form at any time from anywhere.
- Editability allows users to customize the form according to specific legal requirements.
- Access to templates drafted by licensed attorneys for peace of mind.
Key takeaways
- A Warranty Deed from Individual to Corporation secures property transfer with title protection.
- It includes crucial legal descriptions and warranties against encumbrances.
- Proper execution and notarization are necessary for legality.
Form popularity
FAQ
Search for a business entity (Corporation, LLC, Limited Partnership) in New York by using the Secretary of State's Website. The only way to preform a lookup is by Name, when doing so, you will want to use as many matching keywords as you can as the database will pull all matching records.
Enter the Corporation or Business Entity Name being searched for. Select a Name Type. Select a Search Type. Enter the numbers from the image into the CAPTCHA field. Tab to Search the Database and press the enter key or click Search the Database.
The fee for filing the Certificate of Incorporation is $125. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express.
Navigate to the Secretary of State website for the state in which the corporation is registered. Start your search. Look for a Businesses or Corporations tab. Each state website is constructed differently, and the specific tab name may vary, but should always be business or corporation related.
