Orange Florida Warranty Deed from Corporation to Corporation

State:
Florida
County:
Orange
Control #:
FL-013-78
Format:
Word; 
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Description

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.

An Orange Florida Warranty Deed from Corporation to Corporation is a legally binding document that facilitates the transfer of real property ownership between two corporate entities. This type of deed ensures the buyer (transferee) that the property is free from any liens or title defects, providing a warranty of clear and marketable title. The Orange Florida Warranty Deed from Corporation to Corporation includes essential details about the transfer, such as the names of the transferring and receiving corporations, the property's legal description, and the consideration (payment) for the transfer. The deed also specifies the warranties and guarantees provided by the transferring corporation to the receiving corporation. There are different types of Orange Florida Warranty Deed from Corporation to Corporation, depending on the specific circumstances and purposes of the transfer. Some common variations include: 1. General Warranty Deed: This type of deed provides the broadest level of protection to the receiving corporation. It guarantees against all possible title defects, even those that occurred before the transferring corporation acquired the property. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees against title defects and encumbrances that arose during the transferring corporation's ownership of the property. It does not protect against any issues that may have occurred prior to their ownership. 3. Bargain and Sale Deed: This type of deed conveys the property from the transferring corporation to the receiving corporation but does not provide any warranties or guarantees. It implies that the transferring corporation holds the title to the property but does not assure that it is free from defects or encumbrances. 4. Quitclaim Deed: A quitclaim deed is often used in situations where there is no consideration or monetary exchange involved in the transfer. It transfers any interest the transferring corporation may have in the property to the receiving corporation without providing any warranties or guarantees. When dealing with an Orange Florida Warranty Deed from Corporation to Corporation, it is crucial to seek legal advice to ensure all necessary documents and processes are completed accurately. This will safeguard both parties involved and guarantee a smooth transfer of property ownership.

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FAQ

70 per $100 (or portion thereof) on documents that transfer interest in Florida real property, such as warranty deeds and quit claim deeds. This tax is based on the sale, consideration or transfer amount and is usually paid to the Clerk of Court when the document is recorded.

You can do this through a transfer of equity. This is where a share of equity is transferred to one or multiple people, but the original owner stays on the title deeds. You'll need a Conveyancing Solicitor to complete the legal requirements for you in a transfer of equity.

A person filing a deed for transfer of Florida real estate ownership must do so through the county comptroller's office where the property is located. There is a small fee for filing and a document stamp tax, which is an excise tax on legal documents delivered, executed or recorded in the state.

The deed must be in writing; The deed must be signed by the transferor (the current owner) of the property or his or her duly authorized agent or representative; The deed must be signed in the presence of two witnesses, each of whom must also sign the deed.

A warranty deed guarantees that the purchaser receives good and valid title to the property. The person who signed the warranty deed could be held liable to the new owner for any problems or issues with the property's chain of title.

Cost of Warranty Deed in Florida The amount of the fee is based on the amount of the mortgage of the property or the sale price. The preparation cost is charged by the attorney preparing the deed. An experienced attorney will charge between $250 and $600 for the preparation of the warranty deed in most cases.

A person filing a deed for transfer of Florida real estate ownership must do so through the county comptroller's office where the property is located. There is a small fee for filing and a document stamp tax, which is an excise tax on legal documents delivered, executed or recorded in the state.

A warranty deed is different than a regular quitclaim deed. A quitclaim deed includes no warranty of good and marketable title. A warranty deed includes five warranties of title. If a buyer discovers an issue with the property title, they may have a legal claim against the title insurance company.

There is one basic difference between a warranty deed and quitclaim deed: in each deed, the grantor makes a different legal statement. The warranty deed contains a promise by the grantor, called a warranty. But in a quitclaim deed, the grantor does not make any promise or warranty.

A quitclaim deed only transfers the grantor's interests in a piece of real estate. It does not create any warranties on the title. Only whatever part of the land the grantor owns, if any, will transfer to the grantee. A warranty deed contains a guarantee that the grantor has legal title and rights to the real estate.

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Must have two subscribing witnesses or a corporate stamp. Step 7 – Fill in the amount of consideration paid for the property.Step 8 – Enter the county name in the next blank. Florida Warranty Deed – Corporate Grantor flp00602.doc. Prepared by: TitleSoft Documents. , Suite 200, Orange County, Winter Park, FL 32789. 9. When a taxable document is not recorded, the tax must be paid directly to the Florida Department of Revenue. Reference: Chapter 201, Florida Statutes. A Florida quitclaim deed form (also known as quit claim deed) allows you to transfer property without a warranty of title. Get a deed in minutes.

A quitclaim deed is a legal instrument signed by the party transferring property under a quitclaim deed. The signature and the validity of the property deeds recorded will remain valid in Florida. However, a quitclaim deed is the only method to effect a change of title under Section 401 of Florida Statutes, “Transfer of Property upon Quitclaim Deed”. The parties can not file an affidavit or petition to declare that they have changed ownership under Section 401. Therefore, the change in title will be effective only upon the filing of a quitclaim deed. If the change in ownership of property is intended to go before a court case, a special form may be used. For example, when you sell your house you can transfer title to the new owner without filing a certificate of title. This same procedure is used when you wish to sell a vehicle or to move to a residence which you no longer want to be your home.

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Orange Florida Warranty Deed from Corporation to Corporation