This form is a Warranty Deed where the grantors are two individuals and the grantees are two individuals holding title as tenants in common.
A Maricopa Arizona Warranty Deed from two individuals to two individuals as tenants in common is a legal document that facilitates the transfer of property ownership between four individuals. In this specific form of tenancy, each co-owner possesses an undivided interest in the property, and they have equal rights to use and enjoy the property. This type of warranty deed guarantees that the property being transferred is free of any encumbrances or title defects that could affect its ownership. The deed also includes warranties or promises made by the granters, ensuring that they have the lawful authority to transfer the property and that they will defend the title against any claims arising from previous ownership. There are two distinct variations of Maricopa Arizona Warranty Deed from two Individuals to Two Individuals as Tenants in Common that can be encountered: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the new co-owners. It assures them that the granter will defend their rights to the property against any claims, even if the claim originated prior to the granter's ownership. 2. Special Warranty Deed: With a special warranty deed, the granter only warrants that they have not adversely affected the property's title during their period of ownership. It protects the new co-owners from any claims arising from the granter's actions, but not necessarily from claims preceding their ownership. It is crucial to understand that a warranty deed does not guarantee the physical condition of the property. Furthermore, it solely focuses on the title and ownership aspect. In summary, a Maricopa Arizona Warranty Deed from two individuals to two individuals as tenants in common safeguards the ownership rights of each co-owner and ensures a clear title for the property's transfer. With both general and special warranty deed options available, individuals can select the level of protection that suits their needs and preferences.
