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.
A Tampa Florida Warranty Deed from two Individuals to Corporation is a legal document that transfers ownership of a property from two individuals to a corporation, ensuring that the corporation will receive full ownership and legal protection. This type of deed is commonly used when a corporation purchases or acquires real estate property in Tampa, Florida. The warranty deed provides a guarantee that the property being transferred is free from any liens, encumbrances, or claims that could affect the corporation's title to the property. It ensures that the sellers, who are individuals in this case, have the legal right to transfer the property and will defend the title against any future claims. In Tampa, Florida, there are a few different types of warranty deeds that can be used for this specific transaction: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the corporation. It provides a guarantee that the sellers will defend the corporation's title against any claims, even those that may have arisen before the sellers acquired the property. 2. Special Warranty Deed: This type of warranty deed provides a more limited guarantee compared to the general warranty deed. It assures the corporation that the sellers will defend the title only against claims that have arisen during the sellers' period of ownership. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed may also be used in this transaction. A quitclaim deed transfers the sellers' interest in the property to the corporation, but without any warranty or guarantee of title. It simply conveys whatever interest the sellers may have without any promise of free and clear ownership. It is important for both the individuals and the corporation involved to consult with a qualified real estate attorney to ensure the proper type of warranty deed is used, as it can have a significant impact on the level of protection the corporation receives. Additionally, following all local and state laws and regulations is crucial to ensure a smooth transfer of ownership.
