Hillsborough Florida Warranty Deed from Individual to Two Individuals as Tenants in Common

• Category: Florida Real Estate - Deeds - Warranty
• State: Florida
• County: Hillsborough
• Control #: FL-SDEED-8-30
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantor is an individual and the grantees are two individuals holding title as tenants in common. In Hillsborough County, Florida, a Warranty Deed from an Individual to Two Individuals as Tenants in Common is a legal document that transfers the ownership of a property from one person (the granter) to two individuals (the grantees) as tenants in common. This type of deed ensures that the property's title is free from any liens or encumbrances and provides certain guarantees to the grantees. This specific type of warranty deed is commonly used when two individuals wish to jointly own a property, allowing each party to have a distinct share of ownership in the property, usually 50% each. It is important to note that in a tenancy in common, each co-owner has the right to sell, mortgage, or transfer their individual share, separate from the other co-owners. The Hillsborough Florida Warranty Deed from Individual to Two Individuals as Tenants in Common includes several key terms and provisions, including: 1. Granter and Grantee Information: The deed will clearly identify the granter (the person currently owning the property) and the grantees (the two individuals who will become co-owners). 2. Legal Description of the Property: A detailed and accurate legal description of the property being conveyed is provided. This includes information such as the lot of number, subdivision name, and any other relevant specifics to identify the property. 3. Covenants and Warranties: The granter guarantees that they are the rightful owner of the property and that the property is free from any liens or encumbrances, except as specifically mentioned in the deed. This provides assurance to the grantees that their ownership will not be legally challenged by any third parties. 4. Survivorship Rights: Usually, the warranty deed will include provisions regarding the right of survivorship. This means that if one co-owner passes away, their share automatically transfers to the surviving co-owner(s), rather than being subject to probate. Different variations or specific types of Hillsborough Florida Warranty Deeds from Individual to Two Individuals as Tenants in Common include: 1. Limited Warranty Deed: Similar to a warranty deed, this version of the deed includes guarantees only against defects or encumbrances that occurred during the granter's ownership period. 2. Quitclaim Deed: Unlike a warranty deed, a quitclaim deed offers no guarantees to the grantees. Instead, it transfers the granter's interest in the property, if any, without any warranty of ownership or title. 3. Joint Tenancy with Right of Survivorship: In this case, the two individuals are co-owners with equal shares, but also have the right of survivorship. If one co-owner dies, their share automatically passes to the surviving co-owner. It is important to consult with a qualified attorney or real estate professional to ensure that the appropriate type of deed is chosen and that all legal requirements are met when executing a Hillsborough Florida Warranty Deed from Individual to Two Individuals as Tenants in Common.

In Hillsborough County, Florida, a Warranty Deed from an Individual to Two Individuals as Tenants in Common is a legal document that transfers the ownership of a property from one person (the granter) to two individuals (the grantees) as tenants in common. This type of deed ensures that the property's title is free from any liens or encumbrances and provides certain guarantees to the grantees. This specific type of warranty deed is commonly used when two individuals wish to jointly own a property, allowing each party to have a distinct share of ownership in the property, usually 50% each. It is important to note that in a tenancy in common, each co-owner has the right to sell, mortgage, or transfer their individual share, separate from the other co-owners. The Hillsborough Florida Warranty Deed from Individual to Two Individuals as Tenants in Common includes several key terms and provisions, including: 1. Granter and Grantee Information: The deed will clearly identify the granter (the person currently owning the property) and the grantees (the two individuals who will become co-owners). 2. Legal Description of the Property: A detailed and accurate legal description of the property being conveyed is provided. This includes information such as the lot of number, subdivision name, and any other relevant specifics to identify the property. 3. Covenants and Warranties: The granter guarantees that they are the rightful owner of the property and that the property is free from any liens or encumbrances, except as specifically mentioned in the deed. This provides assurance to the grantees that their ownership will not be legally challenged by any third parties. 4. Survivorship Rights: Usually, the warranty deed will include provisions regarding the right of survivorship. This means that if one co-owner passes away, their share automatically transfers to the surviving co-owner(s), rather than being subject to probate. Different variations or specific types of Hillsborough Florida Warranty Deeds from Individual to Two Individuals as Tenants in Common include: 1. Limited Warranty Deed: Similar to a warranty deed, this version of the deed includes guarantees only against defects or encumbrances that occurred during the granter's ownership period. 2. Quitclaim Deed: Unlike a warranty deed, a quitclaim deed offers no guarantees to the grantees. Instead, it transfers the granter's interest in the property, if any, without any warranty of ownership or title. 3. Joint Tenancy with Right of Survivorship: In this case, the two individuals are co-owners with equal shares, but also have the right of survivorship. If one co-owner dies, their share automatically passes to the surviving co-owner. It is important to consult with a qualified attorney or real estate professional to ensure that the appropriate type of deed is chosen and that all legal requirements are met when executing a Hillsborough Florida Warranty Deed from Individual to Two Individuals as Tenants in Common.