This form is a Warranty Deed for a Condominium where the Grantors are two 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.
Maricopa, Arizona Warranty Deed for a Condominium from Two Individuals to Two Individuals is a legal document that serves as proof of a legally binding transfer of a condominium property's ownership rights between two parties. It ensures that the property being conveyed is free of any undisclosed encumbrances or claims. Keywords: Maricopa Arizona, Warranty Deed, Condominium, Two Individuals, Ownership Transfer, Legal Document, Property, Encumbrances, Claims. There are two main types of Maricopa Arizona Warranty Deed for a Condominium from Two Individuals to Two Individuals: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the buyer (grantee) as it guarantees that the sellers (granters) have clear title to the property and will defend against any future claims. It ensures that both individual owners fully transfer their undivided interest in the condominium to the two new owners. 2. Special Warranty Deed: Unlike the general warranty deed, a special warranty deed guarantees that the sellers only warrant against any claims occurring during their ownership. It does not offer protection against claims arising prior to their ownership. This type of deed is commonly used when sellers want to limit their liability for any potential title issues that may have existed before they owned the property. Regardless of the type of warranty deed used, important components to be included in the document are: 1. Identification of Granters and Grantees: The names and addresses of all individuals involved in the conveyance. 2. Legal Description of the Condominium: Accurate description of the condominium unit being transferred, including the unit number, building name, and any other relevant details that precisely identify the property. 3. Consideration or Purchase Price: The amount paid, or any other type of consideration exchanged, between the parties involved in the transaction. 4. Warranties and Covenants: The granters represent and warrant that they have lawful authority to transfer ownership, that the property is free from encumbrances (unless otherwise stated), and that they will defend the grantee's title against any future claims. 5. Signatures and Notarization: All parties involved in the deed must sign the document in the presence of a notary public to ensure the validity and enforceability of the transfer. Remember, it is crucial to consult with a qualified real estate attorney or professional for accurate guidance and assistance in preparing a Maricopa Arizona Warranty Deed for a Condominium from Two Individuals to Two Individuals to ensure all legal requirements are met and protect the interests of both buyers and sellers.
