This form is a Warranty Deed where the grantor is an individual and the grantees are two individuals. Grantor conveys and warrants the described property to grantees as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
A Lee's Summit Missouri Warranty Deed — One Individual to Two Individuals is a legal document that transfers ownership of real estate property from one individual seller to two individual buyers in Lee's Summit, Missouri. This type of warranty deed ensures that the seller guarantees clear ownership of the property and promises to defend the buyers against any claims that may arise in relation to the property's title. In this type of warranty deed, the seller transfers the property's title to both buyers, giving them joint ownership rights. This means that both buyers will have equal interests and responsibilities in the property. The sellers must be legally competent and willing to transfer the property, while the buyers must be willing to accept the property with its current condition and any existing encumbrances, if applicable. Different types of Lee's Summit Missouri Warranty Deed — One Individual to Two Individuals may include variations based on the specific circumstances and terms of the transaction. Some possible variations may include: 1. Lee's Summit Missouri Warranty Deed with Survivorship — One Individual to Two Individuals: This type of warranty deed includes a survivorship clause, which means that if one buyer passes away, their ownership rights automatically transfer to the surviving buyer(s), without the need for probate. 2. Lee's Summit Missouri Warranty Deed with Tenancy in Common — One Individual to Two Individuals: This variation allows the buyers to have separate and distinct ownership interests in the property. Each buyer has the right to transfer their ownership interest independently and can choose to leave their share to their heirs or sell it. 3. Lee's Summit Missouri Warranty Deed with Right of Survivorship and Tenancy by the Entire ties — One Individual to Two Individuals: This type of warranty deed is specifically applicable to married couples. It includes a survivorship clause, ensuring that if one spouse passes away, their ownership rights transfer to the surviving spouse, with the property being considered as one entity owned jointly by both spouses. It is important to consult with a legal professional or real estate attorney to ensure that the specific type of Lee's Summit Missouri Warranty Deed — One Individual to Two Individuals is chosen and executed correctly, as it can have significant implications on the property's ownership and transfer rights.A Lee's Summit Missouri Warranty Deed — One Individual to Two Individuals is a legal document that transfers ownership of real estate property from one individual seller to two individual buyers in Lee's Summit, Missouri. This type of warranty deed ensures that the seller guarantees clear ownership of the property and promises to defend the buyers against any claims that may arise in relation to the property's title. In this type of warranty deed, the seller transfers the property's title to both buyers, giving them joint ownership rights. This means that both buyers will have equal interests and responsibilities in the property. The sellers must be legally competent and willing to transfer the property, while the buyers must be willing to accept the property with its current condition and any existing encumbrances, if applicable. Different types of Lee's Summit Missouri Warranty Deed — One Individual to Two Individuals may include variations based on the specific circumstances and terms of the transaction. Some possible variations may include: 1. Lee's Summit Missouri Warranty Deed with Survivorship — One Individual to Two Individuals: This type of warranty deed includes a survivorship clause, which means that if one buyer passes away, their ownership rights automatically transfer to the surviving buyer(s), without the need for probate. 2. Lee's Summit Missouri Warranty Deed with Tenancy in Common — One Individual to Two Individuals: This variation allows the buyers to have separate and distinct ownership interests in the property. Each buyer has the right to transfer their ownership interest independently and can choose to leave their share to their heirs or sell it. 3. Lee's Summit Missouri Warranty Deed with Right of Survivorship and Tenancy by the Entire ties — One Individual to Two Individuals: This type of warranty deed is specifically applicable to married couples. It includes a survivorship clause, ensuring that if one spouse passes away, their ownership rights transfer to the surviving spouse, with the property being considered as one entity owned jointly by both spouses. It is important to consult with a legal professional or real estate attorney to ensure that the specific type of Lee's Summit Missouri Warranty Deed — One Individual to Two Individuals is chosen and executed correctly, as it can have significant implications on the property's ownership and transfer rights.
