This form is a Special Warranty Deed for a timeshare property where the Grantors are husband and wife, or two individuals, and the Grantee is an individual. Grantors grant and covey the described property to Grantee. Grantors warrant and will defend the property against only those claiming by, through or under Grantors and not otherwise. This deed complies with all state statutory laws.
A Phoenix Arizona Special Warranty Timeshare Deed from Husband and Wife / Two Individuals to an Individual is a legal document that transfers ownership of a timeshare property located in Phoenix, Arizona, from a married couple or two individuals to a single individual. This deed is specifically designed to protect the interests of the buyer (individual) by guaranteeing that the sellers (husband and wife or two individuals) will defend against any claims made against the property during their ownership. The deed typically contains key information such as the names and contact details of all parties involved, the legal description of the timeshare property, and the specific type of timeshare interest being transferred. It may also outline any specific restrictions or limitations associated with the timeshare property, such as usage restrictions, maintenance fees, or annual assessments. The "special warranty" aspect of the deed refers to the level of guarantee or warranty provided to the buyer. Unlike a general warranty deed that guarantees the buyer against all claims, a special warranty deed only offers protection against claims arising during the period of the sellers' ownership. This means that the sellers will defend the buyer in case of any claims, liens, or other encumbrances resulting from their ownership, but they will not be held responsible for any issues that existed prior to their ownership. Different types or variations of Phoenix Arizona Special Warranty Timeshare Deed from Husband and Wife / Two Individuals to an Individual may include variations in the specific terms and conditions outlined in the deed. For example, one type of variation may involve additional provisions regarding the allocation of maintenance fees, special assessments, or the duration of the timeshare ownership. Another type may involve provisions related to the termination or transferability of the timeshare interest. Overall, this legal document serves as a formal written agreement between the sellers and the buyer, ensuring the transfer of ownership of a timeshare property in Phoenix, Arizona, while offering a certain level of protection and guarantee to the buyer. It is crucial for all parties involved to carefully review and understand the terms of the deed before entering into the transaction.
