A Virginia General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document used in the state of Virginia to transfer property ownership from one party to another. This type of deed provides the highest level of protection for the buyer (grantee) by guaranteeing that the property title is free from any encumbrances or claims of ownership. A General Warranty Deed conveys the property with a "covenant of basin," meaning that the granter (seller) warrants that they are the true owner of the property and have the legal right to transfer it. It also includes a "covenant of right to convey," assuring that they have the authority to sell the property. In addition, the deed includes a "covenant against encumbrances," ensuring that there are no outstanding debts, liens, or other claims on the property. When a General Warranty Deed is specifically made to Joint Tenants with Right of Survivorship, it implies that the property is owned by two or more individuals who have an equal right to the property. In case of the death of one joint tenant, the surviving tenants automatically acquire the deceased tenant's share without the need for probate or other legal procedures. This form of ownership is commonly used by married couples, family members, or business partners. There are no distinct variations of a Virginia General Warranty Deed (To Joint Tenants with Right of Survivorship) specifically, as it refers to the manner of ownership rather than specific legal provisions. However, there may be variations in how the deed is drafted or formatted, but the essential elements mentioned above should always be included. Keywords: Virginia, General Warranty Deed, Joint Tenants, Right of Survivorship, property ownership, legal document, transfer, protection, title, encumbrances, claims, covenant of basin, covenant of right to convey, covenant against encumbrances, joint tenancy, probate, married couples, family members, business partners.
Virginia General Warranty Deed (To Joint Tenants with Right of Survivorship)
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How to fill out Virginia General Warranty Deed (To Joint Tenants With Right Of Survivorship)?
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