This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
Arkansas Warranty Deed from two Individuals to Corporation
Category:
State:
Arkansas
Control #:
AR-05-78
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Word;
PDF;
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Description Special Warranty Deed Arkansas
Free preview Arkansas Warranty Deed Form
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FAQ
Fiduciary Deed: A deed given by a court-appointed fiduciary. This usually happens with a guardian, executor, receiver, or administrator. It may or may not include a warranty. Usually, it includes only the right title and interest of the person whom the fiduciary represents.
A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
It will not protect against title issues that arose prior to the time the seller took occupancy. Consequently, it offers less protection to buyers, and more protection to sellers, than a general warranty deed, which is the most common option for selling or buying a property.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
The Arkansas general warranty deed is a deed that allows a grantor (seller) to transfer his or her real property to a grantee (purchaser) in the State of Arkansas.Per State law, a warranty deed must contain the words grant, bargain and sell when stating how the property is being transferred.
The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
The Arkansas special warranty deed is a type of deed that only warrants that the seller has not conveyed his or her interest in the property to another, but does not warrant that he or she holds clear title to the property.
Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.