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.
In Tempe, Arizona, a Warranty Deed from two Individuals to Corporation is a legal document that transfers property ownership rights from two individuals to a corporation. This type of deed guarantees that the individuals have clear and marketable title to the property and ensures that the corporation receives ownership free from any liens or encumbrances. This type of deed is commonly used when two individuals, who may be partners or co-owners of a property, decide to transfer the ownership to a corporation they establish or are affiliated with. By doing so, they can consolidate their asset within the corporation and potentially enjoy the benefits of limited liability and other advantages that come with corporate ownership. The Tempe, Arizona Warranty Deed from two Individuals to Corporation is governed by state laws and requires specific information to be included. The deed must clearly identify the individuals (granters) and the corporation (grantee) involved in the transfer. It should also provide a detailed legal description of the property being transferred, including the lot of number, block number, and any relevant subdivisions or plat information. It is important to note that there are various types of warranty deeds that may be utilized in this context depending on the specific circumstances. Some common variations include: 1. General Warranty Deed: This is the most comprehensive type of warranty deed, offering the highest level of protection to the corporation. It guarantees that the granters have the right to transfer the property, will defend against any claims on the title, and will compensate the corporation in case of any loss due to a defect in title. 2. Special Warranty Deed: This deed also offers protection to the corporation, but it limits the warranty to claims arising only during the granters' ownership period. It does not provide protection against defects or claims that may have existed prior to their ownership. 3. Limited Warranty Deed: This type of deed provides a narrower warranty by only guaranteeing that the granters have not incurred any liens or encumbrances on the property during their ownership period. It may exclude any potential defects or claims that existed prior to their ownership. When drafting or executing a Tempe, Arizona Warranty Deed from two Individuals to Corporation, it is advisable to consult with a qualified real estate attorney to ensure compliance with all legal requirements and to ascertain the most suitable type of warranty deed to use based on the specific circumstances of the transfer.In Tempe, Arizona, a Warranty Deed from two Individuals to Corporation is a legal document that transfers property ownership rights from two individuals to a corporation. This type of deed guarantees that the individuals have clear and marketable title to the property and ensures that the corporation receives ownership free from any liens or encumbrances. This type of deed is commonly used when two individuals, who may be partners or co-owners of a property, decide to transfer the ownership to a corporation they establish or are affiliated with. By doing so, they can consolidate their asset within the corporation and potentially enjoy the benefits of limited liability and other advantages that come with corporate ownership. The Tempe, Arizona Warranty Deed from two Individuals to Corporation is governed by state laws and requires specific information to be included. The deed must clearly identify the individuals (granters) and the corporation (grantee) involved in the transfer. It should also provide a detailed legal description of the property being transferred, including the lot of number, block number, and any relevant subdivisions or plat information. It is important to note that there are various types of warranty deeds that may be utilized in this context depending on the specific circumstances. Some common variations include: 1. General Warranty Deed: This is the most comprehensive type of warranty deed, offering the highest level of protection to the corporation. It guarantees that the granters have the right to transfer the property, will defend against any claims on the title, and will compensate the corporation in case of any loss due to a defect in title. 2. Special Warranty Deed: This deed also offers protection to the corporation, but it limits the warranty to claims arising only during the granters' ownership period. It does not provide protection against defects or claims that may have existed prior to their ownership. 3. Limited Warranty Deed: This type of deed provides a narrower warranty by only guaranteeing that the granters have not incurred any liens or encumbrances on the property during their ownership period. It may exclude any potential defects or claims that existed prior to their ownership. When drafting or executing a Tempe, Arizona Warranty Deed from two Individuals to Corporation, it is advisable to consult with a qualified real estate attorney to ensure compliance with all legal requirements and to ascertain the most suitable type of warranty deed to use based on the specific circumstances of the transfer.
