This form is a Special Warranty Deed where the Grantor is a Trust and the Grantee is an individual. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Surprise Arizona Special Warranty Deed from a Trust to an Individual is a legal document that transfers real estate ownership from a trust to an individual with certain warranty protections. This type of deed provides assurances to the buyer that the property is free from any defects or encumbrances during the time the trust owned it, but not before. In Surprise, Arizona, there are a few variations of Special Warranty Deeds that may be used depending on the specific circumstances. These variations include: 1. Surprise Arizona Special Warranty Deed from a Living Trust to an Individual: This type of deed is used when a property owned by a living trust needs to be transferred to an individual. It provides the buyer with limited protection against any defects or liens that occurred during the time the trust owned the property. 2. Surprise Arizona Special Warranty Deed from a Testamentary Trust to an Individual: When a property is held by a testamentary trust (created upon the death of the granter), transferring ownership to an individual requires this type of special warranty deed. This document assures the buyer that the property does not have any defects or encumbrances during the time it was held by the testamentary trust. 3. Surprise Arizona Special Warranty Deed from a Revocable Trust to an Individual: In the case of a property held by a revocable trust, transferring ownership to an individual necessitates a special warranty deed. This deed ensures that the buyer will not be held liable for any defects or claims arising during the period of the revocable trust's ownership. Regardless of the specific type, Surprise Arizona Special Warranty Deeds from a Trust to an Individual typically contain essential information, including the legal description of the property, the granter (the trust), the grantee (the individual), the consideration (the value exchanged for the property), and any relevant terms and conditions. It is crucial to consult with a qualified attorney or real estate professional when dealing with specialized deed transfers, as the laws and requirements may vary in different jurisdictions.
