This form is a Warranty Deed, sometimes called a Grant Deed in other jurisidictions, where the grantor is an individual and the grantees are three individuals taking the property as tenants in common. Grantor conveys and warrants the described property to the grantees. This deed complies with all state statutory laws.
Oregon Warranty Deed - One Individual to Three Individuals
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Description Or Warranty Deed
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How to fill out Legal 205 Warranty?
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Warranty Deed Form Oregon Form popularity
Warranty Three Individuals Other Form Names
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Deed 3 Individuals FAQ
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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.
The Oregon special warranty deed is a legal document transferring property from an owner of an interest in property to another person. This is a warranty deed, but the warranty is limited to the time frame involving seller's ownership of the property.
A warranty deed conveys an interest in real property to the named grantee with full warranties of title. Warranty deeds are statutory in Oregon under ORS 93.850, and they convey real property in fee simple with the most assurance of title.Generally, real property is owned in either sole ownership or in co-ownership.