High Point North Carolina General Warranty Deed from Corporation to Corporation

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: High Point
• Control #: NC-013-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation 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 Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws. A general warranty deed from corporation to corporation is a legal document used in High Point, North Carolina, to transfer real property rights between two corporations. It provides assurances to the buyer (the acquiring corporation) that the seller (the transferring corporation) holds clear and marketable title to the property being conveyed. This type of deed offers the highest level of protection to the buyer, as it guarantees the property is free from any encumbrances or defects, both past and present. In High Point, North Carolina, there are a few variations of the general warranty deed from corporation to corporation aimed at addressing specific circumstances and situations. Some commonly known types include: 1. High Point North Carolina Special Warranty Deed from Corporation to Corporation: This version of the general warranty deed provides a more limited form of warranty as compared to the traditional general warranty deed. It guarantees that the transferring corporation only warrants against title defects that occurred during its ownership of the property. 2. High Point North Carolina Quitclaim Deed from Corporation to Corporation: Although not strictly a warranty deed, a quitclaim deed is sometimes used for corporate transfers. It conveys whatever interest or title the transferring corporation may have in the property, without any warranties. This type of deed provides no guarantees regarding the title's validity, making it less secure for the buyer compared to a general warranty deed. When utilizing a High Point North Carolina General Warranty Deed from Corporation to Corporation, it is crucial to ensure all relevant terms and conditions are accurately reflected in the document. The deed should clearly identify the transferring corporation as the granter and the acquiring corporation as the grantee, specifying the legal names of both entities. Additionally, the deed should describe the property being transferred and include a comprehensive legal description, often referencing a survey or plat. The general warranty deed should explicitly state the transferee's rights and the warranties provided, affirming that the title is free from any claims, liens, or encumbrances other than those explicitly disclosed. The document should also include any additional terms agreed upon, such as purchase price, payment terms, and relevant contingencies. To ensure the accuracy and legality of the document, it is highly recommended consulting with an experienced attorney or a reputable title company familiar with High Point, North Carolina, real estate laws and regulations. They can provide guidance on drafting the appropriate type of general warranty deed and ensure a smooth transfer of property rights between corporations.

A general warranty deed from corporation to corporation is a legal document used in High Point, North Carolina, to transfer real property rights between two corporations. It provides assurances to the buyer (the acquiring corporation) that the seller (the transferring corporation) holds clear and marketable title to the property being conveyed. This type of deed offers the highest level of protection to the buyer, as it guarantees the property is free from any encumbrances or defects, both past and present. In High Point, North Carolina, there are a few variations of the general warranty deed from corporation to corporation aimed at addressing specific circumstances and situations. Some commonly known types include: 1. High Point North Carolina Special Warranty Deed from Corporation to Corporation: This version of the general warranty deed provides a more limited form of warranty as compared to the traditional general warranty deed. It guarantees that the transferring corporation only warrants against title defects that occurred during its ownership of the property. 2. High Point North Carolina Quitclaim Deed from Corporation to Corporation: Although not strictly a warranty deed, a quitclaim deed is sometimes used for corporate transfers. It conveys whatever interest or title the transferring corporation may have in the property, without any warranties. This type of deed provides no guarantees regarding the title's validity, making it less secure for the buyer compared to a general warranty deed. When utilizing a High Point North Carolina General Warranty Deed from Corporation to Corporation, it is crucial to ensure all relevant terms and conditions are accurately reflected in the document. The deed should clearly identify the transferring corporation as the granter and the acquiring corporation as the grantee, specifying the legal names of both entities. Additionally, the deed should describe the property being transferred and include a comprehensive legal description, often referencing a survey or plat. The general warranty deed should explicitly state the transferee's rights and the warranties provided, affirming that the title is free from any claims, liens, or encumbrances other than those explicitly disclosed. The document should also include any additional terms agreed upon, such as purchase price, payment terms, and relevant contingencies. To ensure the accuracy and legality of the document, it is highly recommended consulting with an experienced attorney or a reputable title company familiar with High Point, North Carolina, real estate laws and regulations. They can provide guidance on drafting the appropriate type of general warranty deed and ensure a smooth transfer of property rights between corporations.