This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Sunnyvale California Grant Deed from Corporation to Corporation is a legal document used to transfer real estate ownership rights between two corporations in Sunnyvale, California. This type of deed is commonly utilized when a corporation wishes to transfer its property assets to another corporation. The granter, which is the corporation transferring the property, assures that it holds the lawful title and has the authority to convey it. The granter further guarantees that the property is free from any encumbrances or claims, except those explicitly stated in the deed. The grantee, or the corporation receiving the property, is ensured of clear ownership rights upon accepting the deed. The Sunnyvale California Grant Deed typically includes important elements like the names of the granter and grantee corporations, the legal description of the property, any conditions or restrictions on the property's use, and the signature of an authorized representative from each corporation. This legal document must be notarized and filed with the appropriate county office for it to be valid and enforceable. In Sunnyvale, California, there are several types of Grant Deeds from Corporation to Corporation that serve different purposes. Some key examples include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee. It guarantees that the title is clear, and the granter will defend against any claims arising from before or during their ownership. 2. Special Warranty Deed: Unlike a general warranty deed, this type of deed only protects the grantee against claims arising during the granter's ownership. It does not cover any pre-existing claims. 3. Quitclaim Deed: This type of deed transfers whatever interest the granter corporation has in the property to the grantee. However, it does not provide any warranties or guarantees regarding the title's status or potential claims. It is essential for corporations involved in property transactions to consult with legal professionals who are well-versed in Sunnyvale, California real estate laws to ensure the appropriate type of grant deed is used based on their specific requirements.
