Lakeland Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees)

• Category: Florida Real Estate - Deeds - Warranty
• State: Florida
• City: Lakeland
• Control #: FL-SDEED-8-16
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantors are two individuals and the grantee is a trust. A Lakeland Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees) is a legally binding document that transfers ownership of real estate from two individuals to a trust with two co-trustees. This type of deed provides a guarantee to the new owners, the trust, that the property is free from any undisclosed encumbrances or defects in the title. In the city of Lakeland, Florida, there are two common variations of this type of warranty deed: the General Warranty Deed and the Special Warranty Deed. 1. General Warranty Deed: This type of deed provides the highest level of protection to the trust and its beneficiaries. It guarantees that the granters, the individuals transferring the property, have clear and marketable title to the real estate. It assures that the property is free from any liens, encumbrances, or adverse claims that could jeopardize the ownership rights of the trust. In addition, the granters agree to defend the title against any claims that may arise in the future. This type of deed is typically used when the granters have full confidence in the title's integrity and want to provide comprehensive protection to the trust. 2. Special Warranty Deed: Unlike the General Warranty Deed, a Special Warranty Deed only guarantees the title against the granters' actions during their ownership of the property. It provides a limited protection period for the trust and its beneficiaries. This means that the granters, while transferring the property, do not assume responsibility for any title defects or encumbrances that existed before their ownership. However, they assure the trust that they have taken necessary steps to prevent any encumbrances during their ownership period. This type of warranty deed is commonly used in situations where the granters want to limit their liability for any undisclosed defects in the title. Regardless of the type of warranty deed used, it is important to consult with a qualified attorney or real estate professional to ensure the accuracy and legality of the document. A properly executed Lakeland Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees) provides peace of mind to both the granters and the trust, ensuring a smooth and secure transfer of real estate ownership.

A Lakeland Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees) is a legally binding document that transfers ownership of real estate from two individuals to a trust with two co-trustees. This type of deed provides a guarantee to the new owners, the trust, that the property is free from any undisclosed encumbrances or defects in the title. In the city of Lakeland, Florida, there are two common variations of this type of warranty deed: the General Warranty Deed and the Special Warranty Deed. 1. General Warranty Deed: This type of deed provides the highest level of protection to the trust and its beneficiaries. It guarantees that the granters, the individuals transferring the property, have clear and marketable title to the real estate. It assures that the property is free from any liens, encumbrances, or adverse claims that could jeopardize the ownership rights of the trust. In addition, the granters agree to defend the title against any claims that may arise in the future. This type of deed is typically used when the granters have full confidence in the title's integrity and want to provide comprehensive protection to the trust. 2. Special Warranty Deed: Unlike the General Warranty Deed, a Special Warranty Deed only guarantees the title against the granters' actions during their ownership of the property. It provides a limited protection period for the trust and its beneficiaries. This means that the granters, while transferring the property, do not assume responsibility for any title defects or encumbrances that existed before their ownership. However, they assure the trust that they have taken necessary steps to prevent any encumbrances during their ownership period. This type of warranty deed is commonly used in situations where the granters want to limit their liability for any undisclosed defects in the title. Regardless of the type of warranty deed used, it is important to consult with a qualified attorney or real estate professional to ensure the accuracy and legality of the document. A properly executed Lakeland Florida Warranty Deed from two Individuals to Trust (Two Co-Trustees) provides peace of mind to both the granters and the trust, ensuring a smooth and secure transfer of real estate ownership.