This form is a Special Warranty Deed where the Grantors are two (2) individuals and the Grantee is an individual. Grantors convey and specially warrant the described property to the Grantee. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
A Montgomery Maryland Special Warranty Deed — Two Individuals to an Individual is a legal document that is used to transfer property ownership from two individuals to a single individual. This type of deed specifically provides a limited warranty of title protection to the buyer against any claims or defects arising only during the period of the joint ownership. In Montgomery County, Maryland, there are several types of Special Warranty Deeds that may be utilized depending on the specific circumstances: 1. Montgomery Maryland Special Warranty Deed — Joint Tenants to an Individual: This type of deed is used when two or more joint tenants wish to transfer their interest in a property to a single individual, thus eliminating the joint tenancy and creating a sole ownership structure. 2. Montgomery Maryland Special Warranty Deed — Tenants in Common to an Individual: When two or more tenants in common wish to convey their respective ownership interests to a sole individual, this type of deed is used. It allows for the transfer of fractional interests in a property. 3. Montgomery Maryland Special Warranty Deed — Husband and Wife to an Individual: This type of deed is used when a property is jointly owned by a married couple, and they want to transfer their interest to a single individual. It ensures the transfer of both parties' ownership rights to the buyer. 4. Montgomery Maryland Special Warranty Deed — Life Estate to an Individual: This type of deed is used when a life estate holder, who has the right to occupy or use the property during their lifetime, decides to transfer their ownership rights to a single individual. After the original life estate holder passes away, the property automatically transfers to the individual named in the deed. The Montgomery Maryland Special Warranty Deed — Two Individuals to an Individual offers a level of assurance to the buyer by guaranteeing that the sellers will defend against any claims or defects that arose during their joint ownership period. However, it does not provide protection against any issues that existed prior to their ownership. It is crucial to consult with a knowledgeable real estate attorney or legal professional when dealing with any type of property transfer to ensure compliance with Montgomery County, Maryland regulations and to accurately draft and execute the appropriate Special Warranty Deed.A Montgomery Maryland Special Warranty Deed — Two Individuals to an Individual is a legal document that is used to transfer property ownership from two individuals to a single individual. This type of deed specifically provides a limited warranty of title protection to the buyer against any claims or defects arising only during the period of the joint ownership. In Montgomery County, Maryland, there are several types of Special Warranty Deeds that may be utilized depending on the specific circumstances: 1. Montgomery Maryland Special Warranty Deed — Joint Tenants to an Individual: This type of deed is used when two or more joint tenants wish to transfer their interest in a property to a single individual, thus eliminating the joint tenancy and creating a sole ownership structure. 2. Montgomery Maryland Special Warranty Deed — Tenants in Common to an Individual: When two or more tenants in common wish to convey their respective ownership interests to a sole individual, this type of deed is used. It allows for the transfer of fractional interests in a property. 3. Montgomery Maryland Special Warranty Deed — Husband and Wife to an Individual: This type of deed is used when a property is jointly owned by a married couple, and they want to transfer their interest to a single individual. It ensures the transfer of both parties' ownership rights to the buyer. 4. Montgomery Maryland Special Warranty Deed — Life Estate to an Individual: This type of deed is used when a life estate holder, who has the right to occupy or use the property during their lifetime, decides to transfer their ownership rights to a single individual. After the original life estate holder passes away, the property automatically transfers to the individual named in the deed. The Montgomery Maryland Special Warranty Deed — Two Individuals to an Individual offers a level of assurance to the buyer by guaranteeing that the sellers will defend against any claims or defects that arose during their joint ownership period. However, it does not provide protection against any issues that existed prior to their ownership. It is crucial to consult with a knowledgeable real estate attorney or legal professional when dealing with any type of property transfer to ensure compliance with Montgomery County, Maryland regulations and to accurately draft and execute the appropriate Special Warranty Deed.
