This form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Upon ordering, you may download the form in Word, Rich Text or Wordperfect formats.
A Warranty Deed from Husband and Wife to Corporation is a legal document used in Indianapolis, Indiana to transfer ownership of a real property from a married couple to a corporation. This type of deed ensures that the property being transferred is free from any liens, encumbrances, or defects in the title. In Indianapolis, there are two main types of Warranty Deeds from Husband and Wife to Corporation: General Warranty Deed and Limited Warranty Deed. 1. General Warranty Deed: A General Warranty Deed provides the highest level of protection to the buyer (the corporation) as it guarantees that the sellers (husband and wife) have clear and marketable title to the property. It includes several covenants or legally binding promises made by the sellers. These covenants typically cover aspects such as the sellers' right to sell the property, the absence of undisclosed encumbrances, and defense against any claims on the property's title. 2. Limited Warranty Deed: A Limited Warranty Deed also transfers ownership from husband and wife to a corporation, but with a limited set of warranties or guarantees. Unlike a General Warranty Deed, a Limited Warranty Deed only guarantees that the sellers have not created any defects during their ownership of the property. It does not cover any defects existing prior to their ownership. This type of deed is generally used when the sellers want to limit their liability and make no guarantees beyond their period of ownership. Both types of Warranty Deed from Husband and Wife to Corporation require the inclusion of specific details such as the names of the husband and wife as granters, the name of the corporation as the grantee, a legal description of the property being transferred, the consideration or payment for the property, and the signatures of the granters. The deed must be notarized, witnessed, and recorded with the appropriate county office in Indianapolis, Indiana, to be legally valid. Overall, a Warranty Deed from Husband and Wife to Corporation is a crucial legal document that ensures a clean transfer of ownership from a married couple to a corporation in Indianapolis, Indiana.A Warranty Deed from Husband and Wife to Corporation is a legal document used in Indianapolis, Indiana to transfer ownership of a real property from a married couple to a corporation. This type of deed ensures that the property being transferred is free from any liens, encumbrances, or defects in the title. In Indianapolis, there are two main types of Warranty Deeds from Husband and Wife to Corporation: General Warranty Deed and Limited Warranty Deed. 1. General Warranty Deed: A General Warranty Deed provides the highest level of protection to the buyer (the corporation) as it guarantees that the sellers (husband and wife) have clear and marketable title to the property. It includes several covenants or legally binding promises made by the sellers. These covenants typically cover aspects such as the sellers' right to sell the property, the absence of undisclosed encumbrances, and defense against any claims on the property's title. 2. Limited Warranty Deed: A Limited Warranty Deed also transfers ownership from husband and wife to a corporation, but with a limited set of warranties or guarantees. Unlike a General Warranty Deed, a Limited Warranty Deed only guarantees that the sellers have not created any defects during their ownership of the property. It does not cover any defects existing prior to their ownership. This type of deed is generally used when the sellers want to limit their liability and make no guarantees beyond their period of ownership. Both types of Warranty Deed from Husband and Wife to Corporation require the inclusion of specific details such as the names of the husband and wife as granters, the name of the corporation as the grantee, a legal description of the property being transferred, the consideration or payment for the property, and the signatures of the granters. The deed must be notarized, witnessed, and recorded with the appropriate county office in Indianapolis, Indiana, to be legally valid. Overall, a Warranty Deed from Husband and Wife to Corporation is a crucial legal document that ensures a clean transfer of ownership from a married couple to a corporation in Indianapolis, Indiana.
