This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. 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 warranty deed is a legal document that transfers ownership of a property from a corporation to an individual located in Cape Coral, Florida. This deed guarantees that the property being transferred is free from any liens, claims, or encumbrances, and that the corporation holds full legal title to the property. The Cape Coral Florida Warranty Deed from Corporation to Individual signifies a transfer of ownership rights, where the corporation relinquishes its ownership and the individual gains full legal ownership of the property. This type of deed provides a warranty or guarantee that the corporation has the legal right to sell the property, and that it will defend the individual's ownership against any future claims. Cape Coral, Florida, being a popular destination for homebuyers and investors, witnesses various types of warranty deeds from corporations to individuals. These include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the individual, as it guarantees that the corporation will defend the individual's ownership against any claims arising from any point in the property's history. It assures the buyer that the corporation will be liable for any defects in the title, even if they occurred before the corporation acquired the property. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed guarantees the corporation's ownership only during the time it held the property. It protects the individual against any claims or defects that may have happened during the corporation's ownership, but not prior to that time. This type of deed is commonly used in commercial real estate transactions. 3. Quitclaim Deed: A quitclaim deed is another type of warranty deed utilized when the corporation wants to transfer the property to an individual without making any guarantees or warranties about the property's title. It simply entails the corporation relinquishing its ownership rights and interests to the individual, without assuming any responsibility for potential defects in the title. Although a quitclaim deed provides the least amount of protection, it is commonly used in situations such as transfers within a family or between business entities. It is essential for both the corporation and the individual to seek legal advice when executing a Cape Coral Florida Warranty Deed from Corporation to Individual to ensure a smooth and legally binding property transfer. Prior to finalizing the transference, a thorough title search and examination should be conducted to identify any potential issues or encumbrances linked to the property.
