This type of deed warrants that the grantor, a corporation, 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 to a corporation. The form is available in both word and word perfect formats.
A warranty deed from a corporation in Huntsville, Alabama is a legal document that transfers ownership of real estate from a corporation to another party (individual or entity) with a guarantee that the corporation holds full legal ownership and has the right to transfer the property. It provides assurance to the new owner that the property is free from any claims, liens, or encumbrances, except those specifically listed in the deed. Keywords: Huntsville Alabama, warranty deed, corporation, real estate, ownership, transfer, legal document, guarantee, claims, liens, encumbrances There are different types of warranty deeds that could be used in Huntsville, Alabama by corporations: 1. General Warranty Deed from Corporation: This type of warranty deed offers the highest level of protection to the new property owner. It guarantees that the corporation holds legal title to the property, there are no undisclosed claims, and the corporation will defend the title against any future claims. 2. Special Warranty Deed from Corporation: This type of warranty deed provides a limited guarantee to the new owner. It guarantees that the corporation only warrants against claims or encumbrances that occurred during the corporation's ownership of the property. It does not protect against any previous claims or encumbrances prior to the corporation's ownership. 3. Quitclaim Deed from Corporation: While not a warranty deed, a quitclaim deed is another type of property transfer document that can be used by corporations in Huntsville, Alabama. A quitclaim deed transfers the corporation's interest in the property to the new owner without any warranties or guarantees. It simply conveys whatever interest the corporation has, if any, without making any promises about the quality of title. When acquiring real estate from a corporation in Huntsville, Alabama, it is important to carefully review the specific type of warranty deed being used and understand the level of protection it provides. Consulting with a real estate attorney or professional can ensure a thorough understanding of the legal implications and potential risks associated with the transfer of ownership.A warranty deed from a corporation in Huntsville, Alabama is a legal document that transfers ownership of real estate from a corporation to another party (individual or entity) with a guarantee that the corporation holds full legal ownership and has the right to transfer the property. It provides assurance to the new owner that the property is free from any claims, liens, or encumbrances, except those specifically listed in the deed. Keywords: Huntsville Alabama, warranty deed, corporation, real estate, ownership, transfer, legal document, guarantee, claims, liens, encumbrances There are different types of warranty deeds that could be used in Huntsville, Alabama by corporations: 1. General Warranty Deed from Corporation: This type of warranty deed offers the highest level of protection to the new property owner. It guarantees that the corporation holds legal title to the property, there are no undisclosed claims, and the corporation will defend the title against any future claims. 2. Special Warranty Deed from Corporation: This type of warranty deed provides a limited guarantee to the new owner. It guarantees that the corporation only warrants against claims or encumbrances that occurred during the corporation's ownership of the property. It does not protect against any previous claims or encumbrances prior to the corporation's ownership. 3. Quitclaim Deed from Corporation: While not a warranty deed, a quitclaim deed is another type of property transfer document that can be used by corporations in Huntsville, Alabama. A quitclaim deed transfers the corporation's interest in the property to the new owner without any warranties or guarantees. It simply conveys whatever interest the corporation has, if any, without making any promises about the quality of title. When acquiring real estate from a corporation in Huntsville, Alabama, it is important to carefully review the specific type of warranty deed being used and understand the level of protection it provides. Consulting with a real estate attorney or professional can ensure a thorough understanding of the legal implications and potential risks associated with the transfer of ownership.
