This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Phoenix Arizona Joint Tenancy Deed from Corporation to Two Individuals is a legal document that transfers ownership of property located in Phoenix, Arizona, from a corporation to two individuals. This type of deed creates a joint tenancy, which allows the individuals involved to have an equal and undivided interest in the property. The main purpose of this deed is to establish joint ownership between the two individuals, referred to as tenants in common. It ensures that both parties have equal rights to use and possess the property. In Arizona, joint tenancy includes the right of survivorship, meaning that if one tenant passes away, their interest in the property automatically transfers to the surviving tenant(s). The Phoenix Arizona Joint Tenancy Deed from Corporation to Two Individuals may come in different variations depending on the specific circumstances. Some common variations may include: 1. Joint Tenancy with Right of Survivorship Deed: This type of deed explicitly states the right of survivorship, ensuring that if one tenant dies, their interest automatically passes to the surviving tenant(s). 2. Joint Tenancy without Right of Survivorship Deed: In this case, the joint tenants do not benefit from the right of survivorship. If one tenant passes away, their interest in the property will not transfer automatically to the remaining tenant(s). Instead, it may pass according to their will or through the probate process. 3. Joint Tenancy with Enhanced Life Estate (also known as Lady Bird Deed): This unique deed allows the original owner (the corporation) to retain control and use of the property during their lifetime, while naming the two individuals as remainder beneficiaries. Upon the corporation owner's death, the property automatically transfers to the two individuals, bypassing probate. These variations offer different levels of protection and flexibility for the tenants involved. It is important to carefully review the terms and conditions of each type of deed, as well as consult with legal professionals to ensure that the deed aligns with the desired intentions and requirements of all parties involved.A Phoenix Arizona Joint Tenancy Deed from Corporation to Two Individuals is a legal document that transfers ownership of property located in Phoenix, Arizona, from a corporation to two individuals. This type of deed creates a joint tenancy, which allows the individuals involved to have an equal and undivided interest in the property. The main purpose of this deed is to establish joint ownership between the two individuals, referred to as tenants in common. It ensures that both parties have equal rights to use and possess the property. In Arizona, joint tenancy includes the right of survivorship, meaning that if one tenant passes away, their interest in the property automatically transfers to the surviving tenant(s). The Phoenix Arizona Joint Tenancy Deed from Corporation to Two Individuals may come in different variations depending on the specific circumstances. Some common variations may include: 1. Joint Tenancy with Right of Survivorship Deed: This type of deed explicitly states the right of survivorship, ensuring that if one tenant dies, their interest automatically passes to the surviving tenant(s). 2. Joint Tenancy without Right of Survivorship Deed: In this case, the joint tenants do not benefit from the right of survivorship. If one tenant passes away, their interest in the property will not transfer automatically to the remaining tenant(s). Instead, it may pass according to their will or through the probate process. 3. Joint Tenancy with Enhanced Life Estate (also known as Lady Bird Deed): This unique deed allows the original owner (the corporation) to retain control and use of the property during their lifetime, while naming the two individuals as remainder beneficiaries. Upon the corporation owner's death, the property automatically transfers to the two individuals, bypassing probate. These variations offer different levels of protection and flexibility for the tenants involved. It is important to carefully review the terms and conditions of each type of deed, as well as consult with legal professionals to ensure that the deed aligns with the desired intentions and requirements of all parties involved.
