Savannah Georgia Enhanced Life Estate Warranty Deed from Individual to Individual

• Category: Georgia Real Estate - Deeds - Enhanced Life Estate or Lady Bird
• State: Georgia
• City: Savannah
• Control #: GA-01-83
• Format: Word; Rich Text

Description

This form is a Warranty Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantee is an individual. This form is also known as a "Lady Bird" Deed. Grantor conveys the property to Grantee subject to an enhanced retained life estate. The Grantor retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee might receive in the future, without joinder or notice to Grantee, with the exception of the right to transfer the property by will. This deed complies with all state statutory laws.

A Savannah Georgia Enhanced Life Estate Warranty Deed from Individual to Individual is a legal document that allows for the transfer of real estate property from one individual to another while providing certain rights and protections. This type of deed is specifically designed to create a life estate interest, meaning that the recipient (grantee) will have ownership and control over the property for the duration of their lifetime. It ensures that the grantee can live on and enjoy the property, with the ability to make improvements, collect rent, and even sell or transfer the property during their lifetime if desired. Keywords: Savannah Georgia, Enhanced Life Estate, Warranty Deed, Individual to Individual, real estate property, transfer, rights, protections, life estate interest, ownership, control, enjoy, improvements, rent, sell, transfer, lifetime. There are different variations of the Savannah Georgia Enhanced Life Estate Warranty Deed from Individual to Individual, each serving different purposes and conditions. These variations include: 1. Limited Enhanced Life Estate Warranty Deed: This type of deed sets certain limitations on the grantee's rights and usage of the property, such as restrictions on making structural changes or selling the property without the permission of the granter. 2. Irrevocable Enhanced Life Estate Warranty Deed: In this variation, the granter relinquishes all rights to revoke or amend the life estate interest granted to the grantee. It provides a greater level of security for the grantee, ensuring that they can live on the property peacefully without any interference. 3. Transferable Enhanced Life Estate Warranty Deed: This variant allows the grantee to transfer their life estate interest to another individual, offering flexibility and the ability to gift or sell their rights to someone else. 4. Enhanced Life Estate Warranty Deed with Remainder Interest: This type of deed includes a remainder interest, meaning that upon the grantee's passing, the property will automatically transfer to another designated individual or entity, typically outlined in the deed itself. This provides additional security and clarity for the future ownership and transfer of the property. Keywords: Limited, Irrevocable, Transferable, Remainder Interest, granter, grantee, conditions, restrictions, amend, revoke, security, level of security, live, interference, transfer, gift, sell, rights, passing, designated individual, entity, future ownership, clarity.