A Warranty Deed is a legal document used in Lakeland, Florida, to transfer ownership of property from individuals or a husband and wife to individuals as tenants in common. This type of deed guarantees that the property is free of any claims or encumbrances, ensuring the new owners that they have a clear title to the property. Here are the different types of Lakeland Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common: 1. General Warranty Deed: This type of deed offers the highest level of protection for the buyer, as it guarantees that the granter (individual seller or husband and wife) has a legal right to transfer the property and promises to defend the buyer's title against any claims. 2. Special Warranty Deed: A special warranty deed guarantees that the granter has not done anything to harm the title during their ownership of the property. Unlike a general warranty deed, it only provides limited protection against claims arising from the granter's period of ownership. 3. Quitclaim Deed: A quitclaim deed is often used when there is less certainty about the property's title. It transfers whatever interest the granter may have without providing any warranties or guarantees. This type of deed does not protect the buyer against any claims or encumbrances that may arise, making it the least secure option. When using a warranty deed to transfer ownership as tenants in common, it means that the property will be owned by three individuals, and each will hold an undivided interest in the property. They will have the right to enjoy and use the property as they wish, but their ownership shares may not necessarily be equal. Any income or expenses related to the property will also be split among the tenants in common based on their ownership shares. Overall, a Lakeland Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common provides a secure and reliable way to transfer property ownership rights while ensuring protection against any potential claims or issues related to the title.
Lakeland Florida Warranty Deed from Individuals or Husband and Wife to Individuals (3) as Tenants in Common
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How to fill out Lakeland Florida Warranty Deed From Individuals Or Husband And Wife To Individuals (3) As Tenants In Common?
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