A Hennepin Minnesota Warranty Deed from Individual to Corporation is a legally binding document used to transfer ownership of real property from an individual to a corporation, with a guarantee that the property is free from any encumbrances or title defects. This type of deed provides protection to the corporation for any potential claims against the property. In Hennepin County, Minnesota, there are different variations of the Warranty Deed from Individual to Corporation depending on the specific circumstances of the transaction. The different types of deeds may include: 1. General Warranty Deed from Individual to Corporation: This is the most common type of warranty deed, where the individual (granter) transfers ownership of the property to a corporation (grantee) and guarantees that the title is clear and free from any defect, except for any encumbrances listed in the deed. 2. Special Warranty Deed from Individual to Corporation: This type of deed guarantees that the granter has not allowed any encumbrances on the property during the time they owned it, except for those specifically stated in the deed. 3. Quitclaim Deed from Individual to Corporation: While not exactly a warranty deed, a quitclaim deed can still be used to transfer ownership from an individual to a corporation. However, it does not provide any guarantee or warranty as to the title's validity or clear from any defects. Essentially, the granter states that they are transferring any interest they may have in the property to the corporation. It is essential to consult with a real estate attorney or a title company to determine the most suitable type of warranty deed in a transaction involving the transfer of ownership from an individual to a corporation in Hennepin County, Minnesota. Proper execution and recording of the deed are crucial to ensure the legal validity and enforceability of the transfer.
Hennepin Minnesota Warranty Deed from Individual to Corporation
Category:
State:
Minnesota
County:
Hennepin
Control #:
MN-06-78
Format:
Word;
Rich Text
Instant download
Description
This Warranty Deed from Individual to Corporation form is a Warranty Deed where the grantor is an individual and the grantee is a corporation. Grantor conveys and warrants 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 Hennepin Minnesota Warranty Deed from Individual to Corporation is a legally binding document used to transfer ownership of real property from an individual to a corporation, with a guarantee that the property is free from any encumbrances or title defects. This type of deed provides protection to the corporation for any potential claims against the property. In Hennepin County, Minnesota, there are different variations of the Warranty Deed from Individual to Corporation depending on the specific circumstances of the transaction. The different types of deeds may include: 1. General Warranty Deed from Individual to Corporation: This is the most common type of warranty deed, where the individual (granter) transfers ownership of the property to a corporation (grantee) and guarantees that the title is clear and free from any defect, except for any encumbrances listed in the deed. 2. Special Warranty Deed from Individual to Corporation: This type of deed guarantees that the granter has not allowed any encumbrances on the property during the time they owned it, except for those specifically stated in the deed. 3. Quitclaim Deed from Individual to Corporation: While not exactly a warranty deed, a quitclaim deed can still be used to transfer ownership from an individual to a corporation. However, it does not provide any guarantee or warranty as to the title's validity or clear from any defects. Essentially, the granter states that they are transferring any interest they may have in the property to the corporation. It is essential to consult with a real estate attorney or a title company to determine the most suitable type of warranty deed in a transaction involving the transfer of ownership from an individual to a corporation in Hennepin County, Minnesota. Proper execution and recording of the deed are crucial to ensure the legal validity and enforceability of the transfer.
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