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 Phoenix Arizona Warranty Deed from two Individuals to Two Individuals as Tenants in Common is a legal document used to transfer ownership of a property located in Phoenix, Arizona from two individuals to two other individuals as tenants in common. This type of deed guarantees that the property being transferred is free from any liens, encumbrances, or claims, except those explicitly mentioned in the deed. Keywords: Phoenix Arizona, Warranty Deed, two Individuals, Tenants in Common, property, ownership, transfer, liens, encumbrances, claims. There are no different types of Phoenix Arizona Warranty Deed from two Individuals to Two Individuals as Tenants in Common, as this deed generally follows a standard format and legal requirements. However, the terms and conditions within the deed may vary based on the specific circumstances of the transaction, such as the unique provisions agreed upon by the parties involved. In this deed, "Phoenix Arizona" indicates that the transfer of ownership is taking place specifically within the jurisdiction of Phoenix, Arizona. The phrase "Warranty Deed" signifies that the transfer is accompanied by a guarantee from the sellers (the two individuals) that they have the legal right to sell the property and that the title to the property is not burdened by any undisclosed claims or encumbrances. The phrase "two Individuals" refers to the current owners of the property who are selling it, and "Two Individuals as Tenants in Common" denotes the individuals who will become the new co-owners of the property. As tenants in common, these individuals will each hold a separate and undivided interest in the property. This means they own a percentage of the property, such as 50% each or any other agreed-upon division. The purpose of this document is to officially transfer the ownership rights of the property from the sellers to the buyers. It ensures that the buyers will have legal ownership of the property after the transaction is completed and guarantees that the sellers will defend the buyers against any legal claims made by third parties regarding the property. The deed also states that the sellers, as granters, will warrant and defend the title against any lawful claims and warrants that they have not encumbered the property or executed any deeds or contracts that could affect the property's title without disclosing them in the deed. This provides additional protection to the buyers regarding the property's ownership. Overall, a Phoenix Arizona Warranty Deed from two Individuals to Two Individuals as Tenants in Common is a legally binding document that facilitates the transfer of ownership and ensures a clear and unencumbered title to the property, protecting both the buyers and sellers involved in the transaction.
