This type of deed warrants that the grantor is the lawful owner of the property at the time the deed is made and delivered and that the grantor has the right to convey the property. This form is used to convey property to more than one individual as tenants in common. The form is available in both word and word perfect formats.
Alabama Warranty Deed to Tenants in Common
Category:
State:
Alabama
Control #:
AL-005-03-CP
Format:
Word;
Rich Text
Instant download
Description Warranty Deed Form Alabama
Free preview Copy Of Deed
How to fill out Alabama Warranty Deed To Tenants In Common?
Utilizing Alabama Warranty Deed to Tenants in Common templates crafted by proficient attorneys enables you to avoid complications during document completion.
Easily obtain the template from our site, complete it, and request a lawyer to review it.
This can save you significantly more time and effort than having an attorney create a document from scratch for you.
Utilize the Preview feature and examine the description (if provided) to ascertain if you need this specific template, and if so, simply click Buy Now. Conduct a search for other templates if necessary, select a subscription that fits your requirements, proceed with your credit card or PayPal, choose a file format, and download your document. Once you have completed all the aforementioned steps, you will be able to fill out, print, and sign the Alabama Warranty Deed to Tenants in Common sample. Remember to double-check all entered information for accuracy before submitting or mailing it out. Streamline your document preparation with US Legal Forms!
- If you already possess a US Legal Forms subscription, simply Log In/">Log In to your account and navigate back to the forms webpage.
- Locate the Download button next to the template you're examining.
- After downloading a document, you can find all your saved templates in the My documents section.
- If you do not have a subscription, that's fine.
- Just adhere to the instructions below to register for your account online, obtain, and fill out your Alabama Warranty Deed to Tenants in Common template.
- Verify and ensure that you’re downloading the correct state-specific form.
Alabama Warranty Deed Form popularity
Alabama Form Of Deed Tenants In Common Other Form Names
Warranty Deed Tenants In Common
State Of Alabama Tenants In Common Deed
FAQ
If you're joint tenants and you both want to leave, either you or your ex-partner can end the tenancy by giving notice.If your landlord doesn't update the tenancy agreement, you'll both still be responsible for rent and the person who leaves can still give notice to end the tenancy.
The deed must be signed by all grantors, in front of a qualified notary, and notarized by the notary to be complete. Contact the local county recorder's office to find out what type of notaries are allowed to notarize deeds and where the notaries are located.
There is no formal process that transitions from joint tenants to tenants-in-common. Instead, the joint tenants must be terminated and new tenants in common created.
Although not required, hire a title company that will help with the deed modification process. Create a new document called a deed transfer. Each owner will sign the new deed in the presence of a notary, who will make the document official with a stamp.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.
Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
Joint tenancy creates survivorship rights: If one owner dies, the share automatically passes to the surviving owner. You can terminate joint tenancy by transferring your share to the other tenant. A joint tenant also has the right to sell or gift his share to another party.