This form is a Special Warranty Deed where the Grantor is an individual and the Grantees are husband and wife. Grantor conveys and specially warrants the described property to the Grantees. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Hollywood Florida Special Warranty Deed from an Individual to Two Individuals / Husband and Wife is a legal document that transfers real estate ownership rights from one individual (the granter) to a married couple (the grantees) in Hollywood, Florida. This type of deed provides a limited warranty of title, ensuring that the granter guarantees the property free from any title defects that occurred during their ownership. In Hollywood, Florida, there are two commonly used variations of Special Warranty Deeds that are specifically designed for transferring property from an individual to a married couple. These variations include: 1. Hollywood Florida Special Warranty Deed with Rights of Survivorship: This type of Special Warranty Deed ensures that if one spouse passes away, their ownership interest automatically transfers to the surviving spouse. It provides a smooth transition of property ownership without the need for probate. 2. Hollywood Florida Special Warranty Deed as Tenants by the Entire ties: This variation of Special Warranty Deed is exclusively available for married couples. It provides a unique form of joint ownership where the property is considered indivisible and cannot be separately sold or mortgaged by either spouse without the consent of the other. In case of the death of one spouse, the ownership automatically transfers to the surviving spouse. When executing a Hollywood Florida Special Warranty Deed, specific information needs to be included to make it legally binding. This includes: 1. Accurate Property Description: The deed should contain a detailed and accurate description of the property being transferred. This typically includes the property's address, legal description, and parcel or lot number. 2. Granter and Grantee Information: The full legal names, addresses, and marital status of the granter (individual transferring the property) and the grantees (the married couple receiving the property) must be stated. 3. Consideration Amount: The deed should state the monetary consideration exchanged for the transfer of property. This could be a nominal amount or the fair market value of the property. 4. Special Warranty Clause: The deed must explicitly state that the granter provides a special warranty, only guaranteeing against title defects that may have arisen during their ownership period. 5. Signatures and Notarization: The granter's signature should be notarized, along with the signatures of any witnesses, if required by Florida law. It is important to consult with a qualified real estate attorney or legal professional when dealing with Special Warranty Deeds to ensure compliance with all applicable laws and to protect the rights of both the granter and grantees involved in the property transfer process in Hollywood, Florida.
