This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A warranty deed is a legal document that transfers the ownership of a property from one party to another. In Surprise, Arizona, when two individuals transfer a property to a corporation, a Surprise Arizona Warranty Deed from two Individuals to Corporation is used to facilitate the transaction. This type of warranty deed ensures that the individuals selling the property, known as granters, have legal authority to convey the property and guarantee that it is free from any encumbrances or claims. The corporation, known as the grantee, receives full ownership and assumes all rights and responsibilities associated with the property. There are two main types of Surprise Arizona Warranty Deed from two Individuals to Corporation. The first is the General Warranty Deed, which provides the highest level of protection to the grantee. It guarantees that the granters will defend the title against any future claims and compensate the grantee for any losses incurred due to title disputes. The second type is the Special Warranty Deed. This deed also guarantees that the granters have not impaired the title during their ownership but limits their liability to claims arising only during their ownership. This means that the granters will defend the title against any claims that have occurred during their period of ownership, but not against any claims that may have existed prior to their ownership. When drafting a Surprise Arizona Warranty Deed from two Individuals to Corporation, it is important to include specific information. This includes the granters' names, addresses, and marital status, as well as the corporation's name, address, and legal structure. The legal description of the property being transferred must be accurate and precise to define the boundaries of the land effectively. Additionally, the deed should include the consideration or purchase price paid for the property and the manner in which it was paid. It is essential to mention any encumbrances or liens on the property, such as mortgages or easements, as well as any warranties or guarantees made by the granters. The document must be signed and notarized by all parties involved in the transfer. In conclusion, a Surprise Arizona Warranty Deed from two Individuals to Corporation is a legally binding document that ensures the transfer of property ownership from two individuals to a corporation. The two main types of warranty deeds used in this context are the General Warranty Deed, offering the highest level of protection, and the Special Warranty Deed, limiting the granters' liability to claims arising during their ownership.
