This form is a Warranty Deed where the grantors are husband and wife and the grantees are three individuals. Grantor conveys and warrants the described property to the grantees.The grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Phoenix Arizona Warranty Deed — Husband and Wife to Three Individuals is a legal document that transfers ownership of real estate from a married couple to three individuals. This type of deed is commonly used when a couple wants to transfer their property to multiple recipients, such as their children or other family members. A warranty deed is a document that guarantees the transfer of the property is valid and that the sellers (husband and wife) have the legal right to sell it. By using a warranty deed, the husband and wife are guaranteeing that they are the rightful owners and that there are no encumbrances or claims on the property. In this specific case, the husband and wife are transferring their property to three individuals, who will then become the new owners of the property. The deed will include the legal description of the property, which accurately identifies the boundaries and location of the land. Different types of Phoenix Arizona Warranty Deed — Husband and Wife to Three Individuals may include: 1. General Warranty Deed: This is the most common type of warranty deed, providing the highest level of buyer protection. It guarantees that the sellers (husband and wife) will defend the title against any claims and will compensate the buyers if any defects in the title are discovered. 2. Special Warranty Deed: This type of warranty deed only guarantees that the sellers (husband and wife) have not caused any defects in the title during their ownership. It does not guarantee against defects that existed before they acquired the property. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed may also be used in this situation. It transfers the interest of the husband and wife to the three individuals without providing any warranty or guarantee of title. It simply transfers whatever interest the couple has, if any, without making any representations about the ownership or encumbrances on the property. When using a Phoenix Arizona Warranty Deed — Husband and Wife to Three Individuals, it is advisable to consult with a qualified real estate attorney to ensure that all legal requirements are met and that the transfer of ownership is properly executed.
