This form is a Special Warranty Deed where the grantors are two individuals and the grantees are husband and wife. Grantors convey and specially warrant the described property to the grantees. The grantors only warrant and will defend the property only as to claims of persons claiming by, through or under grantors, but not otherwise. The grantees take the property as community property with the right of survivorship, community property, tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Pomona California Special Warranty Deed — Two Individuals to Husband and Wife is a legal document that transfers ownership of property from two individuals to a married couple in Pomona, California. This specific type of deed provides certain assurances and protections to the husband and wife buyers, typically regarding any potential title defects that may arise during the time of the previous owners' ownership. The special warranty deed is common in real estate transactions and acts as a binding contract between the sellers and the buyers. By using this type of deed, the sellers guarantee that they have not hindered or encumbered the property title during their ownership, except for any limitations mentioned explicitly in the deed itself. The purpose of the special warranty deed is to safeguard the buyers' interests by limiting the sellers' liability to defects that occurred while they owned the property. It differs from a general warranty deed, which offers broader protection and assures the buyers against any potential title issues, even those that may have occurred during previous ownership. There are various types of Pomona California Special Warranty Deed — Two Individuals to Husband and Wife. Some common variations include: 1. Residential Special Warranty Deed: This type of deed pertains to the transfer of residential properties, such as houses, townhouses, or condominiums, from two individuals to a husband and wife. It provides specific protections and assurances related to the residential property being transferred. 2. Commercial Special Warranty Deed: In the case of commercial properties, such as office buildings, retail spaces, or industrial properties, the special warranty deed serves a similar purpose but is tailored to address commercial property-specific concerns. 3. Vacant Land Special Warranty Deed: When two individuals sell vacant land to a husband and wife, a vacant land special warranty deed is used. This type of deed addresses specific risks associated with undeveloped properties, such as potential environmental issues or zoning restrictions. 4. Investment Property Special Warranty Deed: When the property being transferred is an investment property, such as rental units or commercial buildings, an investment property special warranty deed is typically utilized. This deed specifically considers the unique aspects of investment properties and protects the buyers' interests accordingly. Regardless of the specific variations mentioned above, a special warranty deed ensures that the buyers receive the property free from any defects that occurred during the sellers' ownership, except for any exclusions or limitations stated in the deed. It provides buyers with some level of guarantee and peace of mind when acquiring property in Pomona, California.
