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.
Tempe Arizona Joint Tenancy Deed from Corporation to Two Individuals is a legal document that transfers the ownership of a property from a corporation to two individuals, creating a joint tenancy arrangement. This type of deed is commonly used when individuals wish to jointly own a property and enjoy the right of survivorship. In Tempe, Arizona, there are two main types of Joint Tenancy Deeds that can be used: 1. Tempe Arizona Joint Tenancy Deed with Right of Survivorship: This type of deed ensures that if one of the joint tenants passes away, their share automatically transfers to the surviving joint tenant(s). It prevents the share from being transferred to anyone outside the joint tenancy. 2. Tempe Arizona Joint Tenancy Deed with Rights of Partition: This type of deed grants each joint tenant an equal undivided interest in the property, but it does not include the right of survivorship. If one joint tenant passes away, their share will not automatically transfer to the surviving joint tenant(s). Instead, it will be inherited by their heirs or beneficiaries as specified in their will or by intestate succession laws. When transferring the property ownership from a corporation to two individuals through a joint tenancy deed, several crucial elements need to be included: 1. Granter: The corporation that currently holds the property and wishes to transfer it. 2. Grantees: The two individuals who will be the new owners under the joint tenancy arrangement. 3. Property Details: A detailed description of the property being transferred, including its legal description, address, and any relevant parcel number. 4. Consideration: The consideration or value given in exchange for the transfer of the property. This can be in the form of money, services, or other agreed-upon arrangements. 5. Right of Survivorship: If the joint tenancy deed includes the right of survivorship, it must be explicitly stated to ensure the transfer of shares upon death. 6. Legal Language: The deed must be drafted using proper legal language to signify the intent to establish joint tenancy and comply with Arizona state laws. It is highly recommended consulting a qualified real estate attorney or legal professional when drafting and executing a Tempe Arizona Joint Tenancy Deed from Corporation to Two Individuals to ensure compliance with all legal requirements and to address any specific circumstances related to the property or parties involved.
