This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
Gainesville Florida Warranty Deed from two Individuals to Corporation is a legally binding document that transfers ownership of a property from two individuals to a corporation with certain warranties or guarantees. This type of deed ensures that the individuals have clear title and the right to sell the property, while also protecting the corporation from any undisclosed claims or liens on the property. A warranty deed is commonly used in real estate transactions in Gainesville, Florida, to secure the rights of the buyer and provide assurances regarding the property's ownership and condition. The specific types of Gainesville Florida Warranty Deed from two Individuals to Corporation include: 1. General Warranty Deed: This type of deed provides the broadest warranties or guarantees. It assures the corporation that the individuals have good title to the property and that there are no undisclosed liens, encumbrances, or claims against it. In this type of deed, the individuals agree to defend the corporation against any future legal battles over the ownership of the property. 2. Special Warranty Deed: This deed also guarantees the individuals' ownership rights to the property, but only for the time they owned it. They do not provide warranties for any previous owners or events. This means that the corporation is protected from any claims or encumbrances that arose prior to the individuals' ownership, while remaining responsible for any issues that may have occurred during their ownership. 3. Quitclaim Deed: While not a warranty deed per se, a quitclaim deed is another type of legal instrument that transfers ownership from two individuals to a corporation. However, unlike warranty deeds, quitclaim deeds do not provide any warranties or guarantees. They simply transfer whatever interest or rights the individuals have in the property without any assurances of clear title or absence of encumbrances. This type of deed is typically used when the individuals are not certain of the property's ownership history or condition. It is crucial for both the individuals and the corporation to consult with legal professionals or experienced real estate agents when preparing and executing these warranty deeds. This ensures that all parties fully understand the implications and responsibilities associated with the transfer of property ownership.
