This form is a Warranty Deed where the grantor is an individual and the grantees hold title as tenants in common.
A South Fulton Georgia Warranty Deed from Individual to Individuals as Tenants in Common is a legal document that transfers ownership of a property located in South Fulton, Georgia, from an individual property owner to multiple individuals who will hold the property as tenants in common. This type of deed provides a guarantee to the new owners that the title to the property is free and clear of any encumbrances or defects. The term "tenants in common" refers to each individual's equal ownership interest in the property. In South Fulton, Georgia, there are a few different variations of the Warranty Deed from Individual to Individuals as Tenants in Common, each serving specific purposes. These types include: 1. General Warranty Deed: This type of warranty deed assures the buyers that the seller guarantees the title to the property against any claims and guarantees that they have the right to sell the property. It provides the broadest protection to the new owners against any previous or future claims. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees that the seller has not created any defects in the title during their ownership. This type of deed does not provide protection against claims or defects that may have existed before the seller acquired the property. 3. Quitclaim Deed: This type of deed is commonly used when transferring property between family members or to clear up any potential issues with the title. It does not provide any warranties or guarantees regarding the title and simply transfers the seller's interest, if any, to the buyers. 4. Limited Warranty Deed: Similar to a special warranty deed, a limited warranty deed provides a guarantee against defects in the title that may have occurred during the seller's ownership. However, it does not provide protection against any pre-existing defects or claims. When utilizing a South Fulton Georgia Warranty Deed from Individual to Individuals as Tenants in Common, it is crucial to consult with a qualified real estate attorney to ensure that the proper type of deed is chosen for the specific situation and to ensure all legal requirements are met. This will help protect the interests of all parties involved and guarantee a smooth transfer of ownership.A South Fulton Georgia Warranty Deed from Individual to Individuals as Tenants in Common is a legal document that transfers ownership of a property located in South Fulton, Georgia, from an individual property owner to multiple individuals who will hold the property as tenants in common. This type of deed provides a guarantee to the new owners that the title to the property is free and clear of any encumbrances or defects. The term "tenants in common" refers to each individual's equal ownership interest in the property. In South Fulton, Georgia, there are a few different variations of the Warranty Deed from Individual to Individuals as Tenants in Common, each serving specific purposes. These types include: 1. General Warranty Deed: This type of warranty deed assures the buyers that the seller guarantees the title to the property against any claims and guarantees that they have the right to sell the property. It provides the broadest protection to the new owners against any previous or future claims. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees that the seller has not created any defects in the title during their ownership. This type of deed does not provide protection against claims or defects that may have existed before the seller acquired the property. 3. Quitclaim Deed: This type of deed is commonly used when transferring property between family members or to clear up any potential issues with the title. It does not provide any warranties or guarantees regarding the title and simply transfers the seller's interest, if any, to the buyers. 4. Limited Warranty Deed: Similar to a special warranty deed, a limited warranty deed provides a guarantee against defects in the title that may have occurred during the seller's ownership. However, it does not provide protection against any pre-existing defects or claims. When utilizing a South Fulton Georgia Warranty Deed from Individual to Individuals as Tenants in Common, it is crucial to consult with a qualified real estate attorney to ensure that the proper type of deed is chosen for the specific situation and to ensure all legal requirements are met. This will help protect the interests of all parties involved and guarantee a smooth transfer of ownership.
