North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship)

• Category: Oil Gas and Minerals - Real Estate
• State: Multi-State
• Control #: US-OG-1018
• Format: Word; Rich Text

Description

This is a general warranty deed to joint tenants with right of survivorship. North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document used to transfer ownership of property in North Carolina. This type of deed ensures that the property has a clear title and provides certain warranties and protections to the joint tenants. Here is a detailed description of what this deed entails, along with relevant keywords: 1. Definition: — A North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal instrument that transfers ownership rights of real property in North Carolina. — This deed grants joint tenants with the right of survivorship, meaning when one joint tenant passes away, their interest in the property automatically transfers to the surviving tenant(s) without the need for probate. 2. Key Features: — Clear Title: The General Warranty Deed guarantees that the property being transferred is free of any liens, encumbrances, or ownership disputes (unless specifically mentioned in the deed). — Ownership Rights: This deed allows joint tenants to hold an equal share in the property, with the right of survivorship. If one tenant dies, their share automatically passes on to the surviving tenant(s). — Warranties: Thgranteror (seller) provides warranties to the joint tenants, including the covenant of basin (ensuring they have legal title and possession of the property) and the covenant of quiet enjoyment (guaranteeing the tenants' undisturbed use and enjoyment of the property). — Legal Formalities: The deed must contain specific language, be signed by the granter, and should be notarized and recorded with the appropriate county office to be legally valid. 3. Different types of North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship): — Individuals: This type of deed can be used when two or more individuals wish to hold property as joint tenants with the right of survivorship. It is commonly used by married couples, family members, or business partners. — Spouses: Married couples often use a variation of this deed known as the North Carolina General Warranty Deed (To Husband and Wife as Joint Tenants with Right of Survivorship). It allows spouses to hold equal shares with survivorship rights, simplifying the transfer of property upon the death of one spouse. In conclusion, the North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document that facilitates the transfer of property ownership between joint tenants, ensuring a clear title and providing important warranties. Different variations exist for individual joint tenants and married couples, each serving specific purposes. It is crucial to consult a real estate attorney or legal professional when preparing and executing such a deed to ensure compliance with North Carolina laws and requirements.

North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document used to transfer ownership of property in North Carolina. This type of deed ensures that the property has a clear title and provides certain warranties and protections to the joint tenants. Here is a detailed description of what this deed entails, along with relevant keywords: 1. Definition: — A North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal instrument that transfers ownership rights of real property in North Carolina. — This deed grants joint tenants with the right of survivorship, meaning when one joint tenant passes away, their interest in the property automatically transfers to the surviving tenant(s) without the need for probate. 2. Key Features: — Clear Title: The General Warranty Deed guarantees that the property being transferred is free of any liens, encumbrances, or ownership disputes (unless specifically mentioned in the deed). — Ownership Rights: This deed allows joint tenants to hold an equal share in the property, with the right of survivorship. If one tenant dies, their share automatically passes on to the surviving tenant(s). — Warranties: Thgranteror (seller) provides warranties to the joint tenants, including the covenant of basin (ensuring they have legal title and possession of the property) and the covenant of quiet enjoyment (guaranteeing the tenants' undisturbed use and enjoyment of the property). — Legal Formalities: The deed must contain specific language, be signed by the granter, and should be notarized and recorded with the appropriate county office to be legally valid. 3. Different types of North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship): — Individuals: This type of deed can be used when two or more individuals wish to hold property as joint tenants with the right of survivorship. It is commonly used by married couples, family members, or business partners. — Spouses: Married couples often use a variation of this deed known as the North Carolina General Warranty Deed (To Husband and Wife as Joint Tenants with Right of Survivorship). It allows spouses to hold equal shares with survivorship rights, simplifying the transfer of property upon the death of one spouse. In conclusion, the North Carolina General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document that facilitates the transfer of property ownership between joint tenants, ensuring a clear title and providing important warranties. Different variations exist for individual joint tenants and married couples, each serving specific purposes. It is crucial to consult a real estate attorney or legal professional when preparing and executing such a deed to ensure compliance with North Carolina laws and requirements.