This form is a Special Warranty Deed where the Grantors are husband and wife, or two individuals, and the Grantee is a trust. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
A Special Warranty Deed is a legally binding document used in real estate transactions to transfer property ownership from two individuals or a husband and wife to a trust entity in Lima, Arizona. This type of deed provides certain warranties and protections to the buyer or trust, ensuring the granters have the authority to transfer the property and that there are no undisclosed encumbrances on the title. Lima Arizona offers several variations of the Special Warranty Deed from Two Individuals or Husband and Wife to a Trust, depending on the specific circumstances of the transaction. Some common types include: 1. Lima Arizona Special Warranty Deed from Two Individuals to a Trust: This deed is used when two individuals jointly own property and wish to transfer it to a trust. It confirms the granters' intent to convey their interest in the property to the trust, while providing limited warranties to protect the trust from any claims or defects arising during the granters' ownership. 2. Lima Arizona Special Warranty Deed from a Husband and Wife to a Trust: This deed is utilized when a married couple jointly owns property and desires to transfer it to a trust. It affirms the joint intention of the husband and wife to transfer their ownership rights to the trust, with the same limited warranties as mentioned earlier. 3. Lima Arizona Special Warranty Deed from Two Individuals, or a Husband and Wife, as Trustees, to a Trust: In cases where individuals or a married couple already serve as trustees of a trust and wish to transfer property to that trust, this deed is employed. It acknowledges the trustees' dual roles as property owners and trustees, ensuring the transfer of ownership is properly executed. Regardless of the specific type, all Lima Arizona Special Warranty Deeds from Two Individuals, or Husband and Wife, to a Trust include essential information such as the names and addresses of the granters (individuals or couple), the trust's name and address, a detailed legal description of the property being transferred, and any pertinent terms or conditions agreed upon by all parties involved. It is crucial to consult with a professional real estate attorney or a trusted title company to ensure the correct form of the Special Warranty Deed is used and that the transfer is lawful and valid under Arizona state laws.
