This form is a Warranty Deed where the Grantors are three individuals and the Grantees are four individuals. Grantors convey and warrant the described property to the Grantees. The Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Hollywood Florida warranty deed from three individuals to four individuals is a legal document that signifies the transfer of property ownership rights and interests from three individuals to a group of four individuals in Hollywood, Florida. This legal instrument guarantees that the property being transferred is free from any encumbrances, defects, or claims, providing assurance and security to the new owners. A warranty deed in Hollywood, Florida typically includes the following essential elements: 1. Property Description: The deed begins by clearly identifying and describing the property being transferred. It includes details such as the address, boundaries, lot number, and any other relevant information to ensure accurate identification. 2. Granter and Grantee Information: The warranty deed contains the names, addresses, and contact details of the three individuals (granters) who are relinquishing their rights to the property, as well as the four individuals (grantees) who will become the new owners. 3. Consideration: This section states the financial or non-financial compensation exchanged for the property. It can be in terms of cash, paper currency, mortgage assumption, or any other agreed-upon form of consideration. 4. Covenants: The warranty deed contains various covenants that provide assurances to the grantees. These covenants typically include: a. Covenant of Basin: Assures that the granters are the lawful owners of the property and have the legal authority to transfer ownership. b. Covenant of Quiet Enjoyment: Ensures that the grantees will not be disturbed or evicted from the property by any future claimants. c. Covenant Against Encumbrances: Guarantees that the property is free from any liens, mortgages, or other encumbrances, except those stated in the deed. d. Covenant of Further Assurance: Promises that the granters will take any additional actions necessary to perfect the title or resolve any defects that may arise. e. Covenant of Warranty Forever: Assures the grantees that the granters will defend their title against any future claims and will provide compensation for any losses resulting from a defective title. 5. Signatures and Notarization: The warranty deed requires the signatures of all granters, grantees, and witnesses. It must be notarized by a licensed notary public to authenticate the document's execution. Different variations or types of Hollywood Florida warranty deeds from three individuals to four individuals may include: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantees, as the granters fully warrant and defend the title against any prior claims or defects. 2. Special Warranty Deed: With this type of deed, the granters only warrant against claims and defects that occurred during their period of ownership. They are not responsible for any issues arising before their ownership. 3. Quitclaim Deed: Unlike the warranty deeds, a quitclaim deed provides no warranties or guarantees. It only transfers the interest the granters may have in the property. This kind of deed is typically used when the granters are not certain about the quality or validity of their ownership rights. In summary, a Hollywood Florida warranty deed from three individuals to four individuals is a legally binding document that ensures the transfer of property rights free from claims or defects. It outlines the property details, identifies the parties involved, includes various covenants, and requires proper execution and notarization. It is crucial to consult with a qualified attorney or legal professional to ensure the correct preparation and recording of such deeds to protect the interests of all parties involved.
