Broward Florida Warranty Deed - Trust to Three Individuals

State:
Florida
County:
Broward
Control #:
FL-025-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a Warranty Deed where the grantor is the trustee a trust and the grantees are three individuals. Grantor conveys and warrants the described property to the grantees. This deed complies with all state statutory laws.

A Broward Florida Warranty Deed — Trust to Three Individuals is a legal document that transfers ownership of a property in Broward County, Florida, from a trust to three designated individuals as beneficiaries. This type of deed provides a guarantee that the property has clear title and that the trust holds the authority to transfer ownership. In Broward County, there are several variations of the Warranty Deed — Trust to Three Individuals, each with its unique purpose and conditions. Some of the different types that you may come across include: 1. Broward Florida Warranty Deed with Right of Survivorship to Three Individuals — This type of deed ensures that if one of the three individuals passes away, their share automatically transfers to the remaining two individuals, rather than being subject to probate. 2. Broward Florida Joint Tenancy Warranty Deed to Three Individuals — This deed establishes joint tenancy between the three individuals, meaning that they have equal ownership rights in the property. In case of one individual's death, their share automatically passes to the surviving co-owners. 3. Broward Florida Tenants in Common Warranty Deed to Three Individuals — Tenancy in common allows the three individuals to hold unequal ownership interests in the property. Each individual has the right to transfer their share to someone else, and their share does not automatically pass to the other co-owners upon death. 4. Broward Florida Life Estate Warranty Deed to Three Individuals — This type of deed grants ownership to three individuals, but one or more individuals have a life estate, meaning they have the right to occupy and use the property for the duration of their lifetime. Upon their death, the remaining individuals gain full ownership. When creating a Broward Florida Warranty Deed — Trust to Three Individuals, it is crucial to consult with a qualified attorney or real estate professional to ensure compliance with local laws, review the trust documents, and understand the implications of the chosen deed type.

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FAQ

Florida requires two witnesses for these documents. One can be the notary, while the other can be someone the signer knows well, such as a relative, friend, or neighbor, as long as they are not involved in the transaction.

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.

The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.

Yes. Even though witnesses for deeds are not required in California, two witnesses are required for deeds in Florida (FS 689.01). Without them, the deed cannot be recorded in the land records.

Types of Deeds in Florida Quit claim deed. Special warranty deed. General warranty deed, sometimes referred to as a statutory warranty deed. Specialized deed, including a personal representative deed. Bargain and sale deed. Fee simple deed.

Similar to the General Warranty Deed, the Special Warranty Deed conveys fee simple title and has the same five covenants of title. Where the Special Warranty Deed differs is that the application of the five covenants of title is limited to only the time period during which the seller owned the property.

A signature witness must be an adult (over the age of 18), be of sound mind, not under the influence of drugs, and not be a party to the deed or have any financial interest in it. Outside of these minimal requirements, there is little else governing who can be a witness to a deed.

Special warranty deeds go by many names in different states, including covenant deed, grant deed, and limited warranty deed. The guarantee covers only the period when the seller held title to the property with a special warranty deed.

Does Florida require witnesses for a warranty deed? Yes, Florida requires a warranty deed to be witnessed by two people pursuant to section 689.01 of the Florida statutes. Only the grantor (current owner) needs to sign the warranty deed. A notary seal is required to record the deed.

The three most common types of deeds are: Grant Deeds. Quitclaim Deed. Warranty Deed.

More info

Real estate agents and lenders may refer you to a title insurance company in Broward County or other South Florida counties for many reasons. Florida quitclaim deeds are used to transfer property between people or to add or remove a person from a deed.When done properly, a deed is recorded anywhere from two weeks to three months after closing. Need Professional Help? 1. Discuss property ownership interests. 1. Discuss property ownership interests. (e) "Trustee" means the person or entity designated in a trust instrument to hold legal and equitable title to property of a land trust. Recently, the Florida Supreme Court affirmed the Fifth District Court of Appeal's opinion in City of Palm Bay v. Wells Fargo Bank, N.A., Case No. In a voice vote, the motion passed unanimously. III.

APPLICATION FOR TENANTS FOR DEED The application for a title insurance deed may be made by the transferor (the landlord) or the transferee (the tenant.) Applications by tenants are generally filed in the county clerk's office. Tenant applications may be filed with the applicable county assessor. The property must be of sufficient value to obtain a certificate of title. The assessment may be obtained from the county assessor, or if not, may be obtained from a title insurance company. Property worth less than 100 must be assessed for insurance by the insurance company. Insurance claims may be made within the four-year time period beginning on the date of first use of the property for the purpose of the warranty. The insurance company will obtain an appraisal from the local appraiser, appraiser from the United States government, a local appraiser from a national or local association authorized to issue national appraisal letters, or a licensed appraiser.

Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.

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Broward Florida Warranty Deed - Trust to Three Individuals