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 Tempe Arizona Warranty Deed for a Condominium from Three Individuals to Two Individuals is a legal document that transfers ownership of a condominium property from three individuals to two individuals, providing a warranty or guarantee that the property is free of any encumbrances or claims. This deed type ensures that the new owners receive complete and unencumbered ownership rights to the condominium unit. In Tempe, Arizona, there are various types of Warranty Deeds that can be used in the transfer of condominium ownership from three individuals to two individuals. Some common types include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the buyers (two individuals) as it guarantees that the sellers (three individuals) will defend against any claims that may arise during their ownership period. It covers both known and unknown issues during the property's history, ensuring the buyers have the right to possess the property without any legal contests. 2. Special Warranty Deed: This type of Warranty Deed is similar to the General Warranty Deed, but the guarantees provided by the sellers (three individuals) only relate to their ownership period. It means that the sellers are accountable for any encumbrances or claims that arose during their ownership, but not those that occurred before their ownership. This type is commonly used in commercial transactions. 3. Limited Warranty Deed: In this type of Warranty Deed, the sellers (three individuals) provide limited guarantees to the property's title. The guarantees usually cover only the period of time when the sellers held ownership, excluding any claims or encumbrances before their ownership. Limited Warranty Deeds are frequently used in foreclosure sales or when the sellers' period of ownership is short. 4. Quitclaim Deed: Although not technically a warranty deed, it is worth mentioning as an alternative choice. This deed is often used in situations where the sellers (three individuals) are not guaranteeing the title of the property but merely transferring their ownership rights to the buyers (two individuals) without any warranties about the title's quality or history. Quitclaim Deeds can be useful in situations where the buyers don't require extensive warranties or when the conveyance occurs between family members or close acquaintances. When transferring the ownership of a condominium property in Tempe, Arizona, it is crucial for all parties involved to consult with a qualified real estate attorney or professional to determine the most appropriate type of Warranty Deed to use based on their specific circumstances and legal requirements.A Tempe Arizona Warranty Deed for a Condominium from Three Individuals to Two Individuals is a legal document that transfers ownership of a condominium property from three individuals to two individuals, providing a warranty or guarantee that the property is free of any encumbrances or claims. This deed type ensures that the new owners receive complete and unencumbered ownership rights to the condominium unit. In Tempe, Arizona, there are various types of Warranty Deeds that can be used in the transfer of condominium ownership from three individuals to two individuals. Some common types include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the buyers (two individuals) as it guarantees that the sellers (three individuals) will defend against any claims that may arise during their ownership period. It covers both known and unknown issues during the property's history, ensuring the buyers have the right to possess the property without any legal contests. 2. Special Warranty Deed: This type of Warranty Deed is similar to the General Warranty Deed, but the guarantees provided by the sellers (three individuals) only relate to their ownership period. It means that the sellers are accountable for any encumbrances or claims that arose during their ownership, but not those that occurred before their ownership. This type is commonly used in commercial transactions. 3. Limited Warranty Deed: In this type of Warranty Deed, the sellers (three individuals) provide limited guarantees to the property's title. The guarantees usually cover only the period of time when the sellers held ownership, excluding any claims or encumbrances before their ownership. Limited Warranty Deeds are frequently used in foreclosure sales or when the sellers' period of ownership is short. 4. Quitclaim Deed: Although not technically a warranty deed, it is worth mentioning as an alternative choice. This deed is often used in situations where the sellers (three individuals) are not guaranteeing the title of the property but merely transferring their ownership rights to the buyers (two individuals) without any warranties about the title's quality or history. Quitclaim Deeds can be useful in situations where the buyers don't require extensive warranties or when the conveyance occurs between family members or close acquaintances. When transferring the ownership of a condominium property in Tempe, Arizona, it is crucial for all parties involved to consult with a qualified real estate attorney or professional to determine the most appropriate type of Warranty Deed to use based on their specific circumstances and legal requirements.
