Boston Massachusetts Warranty Deed from Husband and Wife to Corporation

• Category: Massachusetts Real Estate - Deeds - Warranty
• State: Massachusetts
• City: Boston
• Control #: MA-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A Boston Massachusetts Warranty Deed from Husband and Wife to Corporation is a legal document that serves as evidence of the transfer of ownership of a property from a married couple to a corporation in Boston, Massachusetts. It guarantees that the property is free from any encumbrances, except those specifically stated in the deed. This type of deed is typically used when a married couple jointly owns a property and decides to transfer the ownership to a corporation. It ensures the corporation obtains complete and unrestricted ownership rights to the property. The Boston Massachusetts Warranty Deed from Husband and Wife to Corporation typically includes the following crucial elements: 1. Granter: The deed identifies the couple, referred to as the granters, who currently own the property and wish to transfer it to the corporation. 2. Grantee: The deed also identifies the corporation, known as the grantee, which will become the new owner of the property. 3. Property Description: A detailed and accurate description of the property being transferred is included in the deed. It includes the property's legal description, such as lot numbers, block numbers, and any other relevant information required to identify the property. 4. Consideration: The deed states the consideration, which is the exchange of value between the granters and the grantee. This can be the purchase price paid by the corporation to the couple or any other form of valuable consideration agreed upon. 5. Covenants: This type of warranty deed offers various covenants or promises from the granters to the grantee, ensuring the property is conveyed with clear title. Common covenants include the covenant of basin, covenant of the right to convey, and covenant against encumbrances, among others. Different variations of Boston Massachusetts Warranty Deed from Husband and Wife to Corporation include: 1. General Warranty Deed: This type of deed provides the broadest form of protection to the grantee by guaranteeing clear title and protection against any claims or defects, even if they have arisen before the granters owned the property. 2. Limited or Special Warranty Deed: This variation guarantees that only the granters have not done anything to encumber the property during their ownership. It provides protection against claims arising only during their period of ownership. 3. Quitclaim Deed: A Quitclaim Deed transfers the granters' rights, interests, and claims in the property to the corporation, without any guarantees or warranties regarding title. It is often used when a married couple wants to transfer ownership but does not wish to assume any liability for possible defects in the title. 4. Bargain and Sale Deed: This type of deed implies that the granters have the rights to sell the property but does not provide any warranties. It transfers the property's ownership but does not guarantee the grantee's protection against any claims. It is essential to consult with a legal professional specializing in real estate law to ensure the appropriate form of Boston Massachusetts Warranty Deed from Husband and Wife to Corporation is selected and properly executed.

A Boston Massachusetts Warranty Deed from Husband and Wife to Corporation is a legal document that serves as evidence of the transfer of ownership of a property from a married couple to a corporation in Boston, Massachusetts. It guarantees that the property is free from any encumbrances, except those specifically stated in the deed. This type of deed is typically used when a married couple jointly owns a property and decides to transfer the ownership to a corporation. It ensures the corporation obtains complete and unrestricted ownership rights to the property. The Boston Massachusetts Warranty Deed from Husband and Wife to Corporation typically includes the following crucial elements: 1. Granter: The deed identifies the couple, referred to as the granters, who currently own the property and wish to transfer it to the corporation. 2. Grantee: The deed also identifies the corporation, known as the grantee, which will become the new owner of the property. 3. Property Description: A detailed and accurate description of the property being transferred is included in the deed. It includes the property's legal description, such as lot numbers, block numbers, and any other relevant information required to identify the property. 4. Consideration: The deed states the consideration, which is the exchange of value between the granters and the grantee. This can be the purchase price paid by the corporation to the couple or any other form of valuable consideration agreed upon. 5. Covenants: This type of warranty deed offers various covenants or promises from the granters to the grantee, ensuring the property is conveyed with clear title. Common covenants include the covenant of basin, covenant of the right to convey, and covenant against encumbrances, among others. Different variations of Boston Massachusetts Warranty Deed from Husband and Wife to Corporation include: 1. General Warranty Deed: This type of deed provides the broadest form of protection to the grantee by guaranteeing clear title and protection against any claims or defects, even if they have arisen before the granters owned the property. 2. Limited or Special Warranty Deed: This variation guarantees that only the granters have not done anything to encumber the property during their ownership. It provides protection against claims arising only during their period of ownership. 3. Quitclaim Deed: A Quitclaim Deed transfers the granters' rights, interests, and claims in the property to the corporation, without any guarantees or warranties regarding title. It is often used when a married couple wants to transfer ownership but does not wish to assume any liability for possible defects in the title. 4. Bargain and Sale Deed: This type of deed implies that the granters have the rights to sell the property but does not provide any warranties. It transfers the property's ownership but does not guarantee the grantee's protection against any claims. It is essential to consult with a legal professional specializing in real estate law to ensure the appropriate form of Boston Massachusetts Warranty Deed from Husband and Wife to Corporation is selected and properly executed.