Olathe Kansas Warranty Deed from two Individuals to Corporation

• Category: Kansas Real Estate - Deeds - Warranty
• State: Kansas
• City: Olathe
• Control #: KS-05-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A warranty deed is a legal document used in Olathe, Kansas, to transfer ownership of real property from two individuals to a corporation. This type of transaction ensures that the individuals have the legal right to sell the property and that the corporation receives clear title free from any claims or liens. In Olathe, Kansas, there are two main types of warranty deeds that can be used when transferring property from individuals to a corporation: 1. General Warranty Deed: A general warranty deed provides the highest level of protection to the corporation by guaranteeing that the individuals have clear ownership of the property and have the right to sell it. This type of deed offers extensive warranties, including the covenant of basin (claiming ownership of the property), the covenant of quiet enjoyment (ensuring the buyer will not face any future claims on the property), the covenant against encumbrances (ensuring that there are no undisclosed liens or claims), and the covenant of warranty (protecting against any defects in title). 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only provides warranties and covenants for the time period during which the individuals owned the property. It guarantees that the individuals have not encumbered or allowed any defects on the property during their ownership. However, it does not protect the corporation against any defects or claims that may have existed prior to their ownership. In both types of warranty deeds, certain elements must be included in the document to make it legally valid. These elements typically include the names and addresses of the granters (individuals transferring the property) and the grantee (the corporation receiving the property), a detailed legal description of the property, the purchase price or consideration for the transfer, and the signature and acknowledgment of the granters before a notary public. Overall, an Olathe, Kansas warranty deed from two individuals to a corporation is a legally binding document that ensures the corporation receives clear title to the property without any undisclosed claims or defects. It is important to consult with a qualified attorney or real estate professional to ensure that all necessary requirements are met and the deed accurately reflects the intentions of the parties involved.

A warranty deed is a legal document used in Olathe, Kansas, to transfer ownership of real property from two individuals to a corporation. This type of transaction ensures that the individuals have the legal right to sell the property and that the corporation receives clear title free from any claims or liens. In Olathe, Kansas, there are two main types of warranty deeds that can be used when transferring property from individuals to a corporation: 1. General Warranty Deed: A general warranty deed provides the highest level of protection to the corporation by guaranteeing that the individuals have clear ownership of the property and have the right to sell it. This type of deed offers extensive warranties, including the covenant of basin (claiming ownership of the property), the covenant of quiet enjoyment (ensuring the buyer will not face any future claims on the property), the covenant against encumbrances (ensuring that there are no undisclosed liens or claims), and the covenant of warranty (protecting against any defects in title). 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only provides warranties and covenants for the time period during which the individuals owned the property. It guarantees that the individuals have not encumbered or allowed any defects on the property during their ownership. However, it does not protect the corporation against any defects or claims that may have existed prior to their ownership. In both types of warranty deeds, certain elements must be included in the document to make it legally valid. These elements typically include the names and addresses of the granters (individuals transferring the property) and the grantee (the corporation receiving the property), a detailed legal description of the property, the purchase price or consideration for the transfer, and the signature and acknowledgment of the granters before a notary public. Overall, an Olathe, Kansas warranty deed from two individuals to a corporation is a legally binding document that ensures the corporation receives clear title to the property without any undisclosed claims or defects. It is important to consult with a qualified attorney or real estate professional to ensure that all necessary requirements are met and the deed accurately reflects the intentions of the parties involved.