This form is a Warranty Deed for a Condominium where the Grantors are three individuals and the Grantees are two Individuals. Grantors convey and warrant the described property to the Grantees. This deed complies with all state statutory laws.
A Phoenix Arizona Warranty Deed for a Condominium from Three Individuals to Two Individuals is a legal document that facilitates the transfer of ownership rights of a condominium property located in Phoenix, Arizona. This deed acts as evidence of the conveyance or transfer of the property from three individuals, referred to as granters or sellers, to two individuals, known as grantees or buyers. The Phoenix Arizona Warranty Deed provides a guarantee or warranty from the granters that they have full legal authority to transfer the property, free from any liens or encumbrances, and that they will defend the grantees against any claims to the property's title. This warranty assures the grantees that they are acquiring a clean and unencumbered ownership interest in the condominium. The document typically includes specific details concerning the condominium, such as the legal description, the unit number, and the names of the condominium association or homeowners' association, if applicable. It also provides information about the granters and grantees, including their full legal names, addresses, and marital statuses. There are different types of Phoenix Arizona Warranty Deeds for a Condominium from Three Individuals to Two Individuals, such as: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the grantees. The granters guarantee that they own the property, have the right to sell it, and will defend the title against any claims by third parties. 2. Special Warranty Deed: This warranty deed also provides a level of protection to the grantees. However, the granters guarantee that they have not caused any encumbrances to the title during their ownership, except as specifically mentioned in the deed. 3. Quitclaim Deed: Unlike the warranty deeds, a quitclaim deed does not provide any warranties or guarantees regarding the property's title. It simply transfers the granters' ownership interest to the grantees without making any representations about the property's history or condition. It is essential to consult with a real estate attorney or a qualified professional to determine the most appropriate type of warranty deed based on the specific circumstances of the transaction. Additionally, it is crucial to comply with all local and state laws and regulations governing the transfer of condominium properties in Phoenix, Arizona.
