Meridian Idaho Warranty Deed from Corporation to Individual

State:
Idaho
City:
Meridian
Control #:
ID-011-78
Format:
Word; 
Rich Text
Instant download

Description

This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

A Meridian Idaho Warranty Deed from Corporation to Individual is a legal document that transfers ownership of real property from a corporation to an individual while providing a guarantee that the corporation holds clear and marketable title to the property. This type of deed is commonly used during the sale or transfer of real estate assets between a corporation and an individual in Meridian, Idaho. A warranty deed ensures that the corporation has the legal authority to sell the property and guarantees that there are no hidden liens, encumbrances, or claims against the title. By transferring the property through a warranty deed, the corporation promises to defend the buyer against any claims that may arise in the future due to the corporation's actions or mistakes related to the property. It is important to note that there are no specific types of Meridian Idaho Warranty Deed from Corporation to Individual. However, variations may exist based on specific situations or additional provisions that parties may include within the deed to address certain aspects of the transfer. Keywords: Meridian Idaho, warranty deed, corporation, individual, real property, ownership, clear title, marketable title, transfer of real estate assets, sale, legal document, liens, encumbrances, claims, defend, provisions, specific situations.

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FAQ

A general warranty deed transfers real property from the buyer to the seller with the guarantee that the seller holds clear, unencumbered legal title to the property.

General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.

The only way to forcibly change the ownership status is through a legal action and the resultant court order. However, if an owner chooses to be removed from the deed, it is simply a matter of preparing a new deed transferring that owner's interest in the property.

The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.

By Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.

The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants. The present covenants are: Covenant of Seisin.

Updated April 20, 2022. An Idaho general warranty deed is a document used to convey a piece of real estate to another with a warranty or guarantee attached.

A statutory warranty deed is a legal document used to transfer real property. This form implies a guarantee about the title's history, functioning like a general warranty deed.

A Bargain and Sale Deed is used to dedicate private land for public use. It is most commonly used for tracts of land that contain stormwater facilities.

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Meridian Idaho Warranty Deed from Corporation to Individual