This form is a Warranty Deed where the grantors are husband and wife and the grantee is an individual. Grantors convey and warrant the described property to grantee 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 Lima Arizona Warranty Deed from husband and wife to an individual is a legal document that transfers ownership of real property from a married couple to an individual with certain warranties and assurances. This type of deed ensures that the property being transferred is free from any existing liens, encumbrances, or claims. The purpose of using a warranty deed is to provide the buyer with protection and guarantee against any future problems related to the property's title. It promises that the seller (husband and wife) has the legal right to transfer ownership and will defend the title against any third-party claims. The Lima Arizona Warranty Deed from husband and wife to an individual can have different variations, including: 1. General Warranty Deed: This type of deed provides the broadest protection to the buyer. It guarantees that the sellers (husband and wife) are the lawful owners of the property and have the right to sell it. It also warrants that there are no undisclosed liens, encumbrances, or claims against the property. 2. Special Warranty Deed: Unlike the general warranty deed, this type of deed only guarantees that the sellers (husband and wife) haven't caused any title defects during their ownership. It doesn't provide protection against title issues that existed prior to their ownership. 3. Limited Warranty Deed: This deed, also known as a deed of bargain and sale, offers limited warranties to the buyer. It warrants that the sellers (husband and wife) haven't done anything to harm the title, but it doesn't guarantee against previous title defects or claims. In conclusion, a Lima Arizona Warranty Deed from husband and wife to an individual is a legally binding document that transfers ownership of a property from married sellers to a single buyer. Different variations, such as general warranty deed, special warranty deed, and limited warranty deed, exist to provide varying degrees of protection to the buyer in regard to the property's title.
