Winston–Salem North Carolina General Warranty Deed from Corporation to Husband and Wife

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Winston–Salem
• Control #: NC-010-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Husband and Wife form is a Warranty Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws. A Winston-Salem North Carolina General Warranty Deed from Corporation to Husband and Wife is a legal document that transfers the ownership of real estate from a corporation to a married couple, providing them with certain assurances and protections. This deed serves as evidence of the transfer of title rights, implying that the corporation guarantees clear ownership free from any encumbrances or defects. Key terms: 1. Winston-Salem, North Carolina: The city in North Carolina where the property is located, indicating the jurisdiction and local regulations that govern the deed. 2. General Warranty Deed: A type of legal document that offers the highest level of protection to the buyers by providing assurances that the corporation holds good and marketable title to the property and that they have the legal authority to transfer it. 3. Corporation: The entity transferring the property, commonly a legally recognized business organization or company. 4. Husband and Wife: The individuals to whom the property is being transferred, emphasizing that both spouses will hold joint ownership with equal rights and responsibilities. Types of Winston-Salem North Carolina General Warranty Deed from Corporation to Husband and Wife: 1. Joint Tenancy: This type of deed establishes a joint tenancy ownership, meaning both spouses have equal rights of survivorship. In the event of the death of one spouse, the property automatically passes to the surviving spouse without going through probate. 2. Tenancy by the Entirety: This form of ownership is only available to married couples and provides additional protection against individual creditors of each spouse. Both parties have equal rights to the property and must act together in any decision related to its use or disposition. 3. Tenants in Common: This type of deed allows each spouse to hold individual undivided interests in the property. Each spouse can choose to transfer their interest independently, and in the event of death, their interest would pass according to their will or state intestacy laws. Winston-Salem North Carolina General Warranty Deeds from a Corporation to a Husband and Wife provide a high level of assurance to the buyers regarding the property's title and often serve as a crucial part of the real estate buying process. It is important for both the corporation and the married couple to consult with legal professionals to ensure the deed is properly executed and recorded to protect their respective interests.

A Winston-Salem North Carolina General Warranty Deed from Corporation to Husband and Wife is a legal document that transfers the ownership of real estate from a corporation to a married couple, providing them with certain assurances and protections. This deed serves as evidence of the transfer of title rights, implying that the corporation guarantees clear ownership free from any encumbrances or defects. Key terms: 1. Winston-Salem, North Carolina: The city in North Carolina where the property is located, indicating the jurisdiction and local regulations that govern the deed. 2. General Warranty Deed: A type of legal document that offers the highest level of protection to the buyers by providing assurances that the corporation holds good and marketable title to the property and that they have the legal authority to transfer it. 3. Corporation: The entity transferring the property, commonly a legally recognized business organization or company. 4. Husband and Wife: The individuals to whom the property is being transferred, emphasizing that both spouses will hold joint ownership with equal rights and responsibilities. Types of Winston-Salem North Carolina General Warranty Deed from Corporation to Husband and Wife: 1. Joint Tenancy: This type of deed establishes a joint tenancy ownership, meaning both spouses have equal rights of survivorship. In the event of the death of one spouse, the property automatically passes to the surviving spouse without going through probate. 2. Tenancy by the Entirety: This form of ownership is only available to married couples and provides additional protection against individual creditors of each spouse. Both parties have equal rights to the property and must act together in any decision related to its use or disposition. 3. Tenants in Common: This type of deed allows each spouse to hold individual undivided interests in the property. Each spouse can choose to transfer their interest independently, and in the event of death, their interest would pass according to their will or state intestacy laws. Winston-Salem North Carolina General Warranty Deeds from a Corporation to a Husband and Wife provide a high level of assurance to the buyers regarding the property's title and often serve as a crucial part of the real estate buying process. It is important for both the corporation and the married couple to consult with legal professionals to ensure the deed is properly executed and recorded to protect their respective interests.