Cary North Carolina General Warranty Deed from Individual to a Trust

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Cary
• Control #: NC-015-77
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrant the described property to trustee of trust 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 is a legal document that transfers ownership of real property from an individual (granter) to a trust (grantee) in Cary, North Carolina. This type of deed offers the highest level of protection for the buyer or trust by providing several important guarantees. The Cary North Carolina General Warranty Deed from Individual to a Trust ensures that the granter holds a valid title to the property, has the right to sell it, and guarantees protection against any claims or defects in the title. This means that if any issues arise related to the property's ownership, liens, or other encumbrances, the granter is legally obligated to defend the trust's ownership and compensate for any losses incurred. Some key features of a general warranty deed include: 1. Granter and Grantee: The deed clearly identifies the individual granter, who is transferring their interest in the property, and the trust as the grantee, who will assume ownership. 2. Warranty Clause: This clause includes specific covenants or guarantees made by the granter. In North Carolina, the usual covenants found in a general warranty deed are the covenant of basin (granter's ownership interest), the covenant against encumbrances (no undisclosed liens or encumbrances), and the covenant of quiet enjoyment (ensuring the grantee's right to possess and use the property without interference). 3. Legal Description: The deed contains an accurate and detailed legal description of the property being transferred, including its boundaries, lot number, or any other identifying information necessary for clarity. 4. Consideration: The document includes information about the consideration or payment exchanged between the parties involved in the transaction. Cary, North Carolina may not have specific variations of general warranty deeds from an individual to a trust. However, other types of deeds that might be applicable in specific situations include the special warranty deed and the quitclaim deed. Special Warranty Deed: This type of deed only guarantees the granter's ownership during their period of ownership, rather than covering the entire history of the property. It protects against any defects or claims that occurred only during the granter's ownership. Quitclaim Deed: A quitclaim deed is a simpler form of deed that transfers the granter's interest in the property, if any, without making any warranties or guarantees. It is often used to transfer property between family members or as a method to clear any doubts regarding partial ownership interests. It is important to consult with a real estate attorney or a qualified professional to determine the most appropriate type of deed for a specific transfer of property in Cary, North Carolina, ensuring compliance with state laws and individual circumstances.

A general warranty deed is a legal document that transfers ownership of real property from an individual (granter) to a trust (grantee) in Cary, North Carolina. This type of deed offers the highest level of protection for the buyer or trust by providing several important guarantees. The Cary North Carolina General Warranty Deed from Individual to a Trust ensures that the granter holds a valid title to the property, has the right to sell it, and guarantees protection against any claims or defects in the title. This means that if any issues arise related to the property's ownership, liens, or other encumbrances, the granter is legally obligated to defend the trust's ownership and compensate for any losses incurred. Some key features of a general warranty deed include: 1. Granter and Grantee: The deed clearly identifies the individual granter, who is transferring their interest in the property, and the trust as the grantee, who will assume ownership. 2. Warranty Clause: This clause includes specific covenants or guarantees made by the granter. In North Carolina, the usual covenants found in a general warranty deed are the covenant of basin (granter's ownership interest), the covenant against encumbrances (no undisclosed liens or encumbrances), and the covenant of quiet enjoyment (ensuring the grantee's right to possess and use the property without interference). 3. Legal Description: The deed contains an accurate and detailed legal description of the property being transferred, including its boundaries, lot number, or any other identifying information necessary for clarity. 4. Consideration: The document includes information about the consideration or payment exchanged between the parties involved in the transaction. Cary, North Carolina may not have specific variations of general warranty deeds from an individual to a trust. However, other types of deeds that might be applicable in specific situations include the special warranty deed and the quitclaim deed. Special Warranty Deed: This type of deed only guarantees the granter's ownership during their period of ownership, rather than covering the entire history of the property. It protects against any defects or claims that occurred only during the granter's ownership. Quitclaim Deed: A quitclaim deed is a simpler form of deed that transfers the granter's interest in the property, if any, without making any warranties or guarantees. It is often used to transfer property between family members or as a method to clear any doubts regarding partial ownership interests. It is important to consult with a real estate attorney or a qualified professional to determine the most appropriate type of deed for a specific transfer of property in Cary, North Carolina, ensuring compliance with state laws and individual circumstances.