This form is a Special Warranty Deed where the Grantors are a Trust and an individual and the Grantee is an individual. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
A Special Warranty Deed from Individual and Trust to Individual is a legal document used in Savannah, Georgia to transfer real estate property ownership rights from one individual and a trust to another individual. This type of deed provides specific guarantees related to the title and ownership of the property. The Special Warranty Deed ensures that the granter (the individual and trust transferring the property) holds legal ownership of the property and has the right to convey it to the grantee (the individual receiving the property). It also guarantees that during the granter's ownership, no encumbrances or claims against the property were made except those stated in the deed. Unlike a General Warranty Deed, which offers comprehensive guarantees, a Special Warranty Deed limits the warranty to the time the granter owned the property. It protects the grantee from any title defects, claims, or encumbrances that occurred during the granter's ownership. Any issues that existed prior to the granter's ownership are not covered, which might increase the due diligence required by the grantee. In Savannah, Georgia, there are a few different variations of the Special Warranty Deed from Individual and Trust to Individual, depending on specific situations: 1. Individual and Trust to Individual — Single Owner: This version is used when a single individual, along with a trust, transfers ownership to another individual. It is commonly used in scenarios where the property is held in trust and the granter is an individual. 2. Individual and Trust to Individual — Joint Ownership: This type of Special Warranty Deed is used when the property ownership is held jointly by an individual and a trust. It allows for the transfer of joint ownership to another individual. 3. Individual and Trust to Individual — Inherited Property: In cases where property is inherited through a trust, this form of Special Warranty Deed is utilized. It enables the transfer of ownership from the individual and trust representing the deceased owner to another individual. When executing a Special Warranty Deed from Individual and Trust to Individual in Savannah, Georgia, it is essential to consult with an experienced real estate attorney to ensure compliance with local laws and regulations. Additionally, it is advisable to conduct a thorough title search and consider obtaining title insurance to protect the grantee's interests.
