This form is a Warranty Deed where the Grantors are husband and wife and the Grantees are four individuals. Grantors convey and warrant the described property to the Grantees. This deed complies with all state statutory laws.
thisA warranty deed is a legal document that conveys ownership of property from a husband and wife to four individuals in Cape Coral, Florida. This type of deed provides a guarantee from the sellers (husband and wife) that they have the legal right to sell the property and that no other claims or liens exist on it. Here are some types of Cape Coral Florida warranty deeds from husband and wife to four individuals: 1. General Warranty Deed: This deed offers the highest level of protection to the buyers (four individuals) as it assures that the sellers will defend against any future claims that may arise. 2. Special Warranty Deed: In this type of warranty deed, the sellers guarantee that they have not done anything to harm the property's title during their ownership. However, they do not provide protection for any issues that may have occurred before they acquired the property. 3. Quitclaim Deed: Unlike a warranty deed, a quitclaim deed provides no warranties or guarantees regarding the property's title. It simply transfers whatever interest the husband and wife have in the property to the four individuals without any promises or liability. 4. Life Estate Deed: This type of deed grants the husband and wife the right to live in or use the property for the remainder of their lives, after which the ownership transfers to the four individuals. 5. Joint Tenancy Deed: With this deed, the property is owned by the four individuals as joint tenants, meaning each party has an equal share of ownership. If one person passes away, their share automatically transfers to the surviving joint tenants. 6. Tenancy in Common Deed: This deed establishes ownership of the property as "tenants in common," allowing the four individuals to have unequal ownership interests. Each person can sell, transfer, or mortgage their portion independently. It is essential to consult a qualified attorney or real estate professional to ensure the appropriate warranty deed is used and to handle the necessary legal procedures for the transfer of ownership.
