Wake North Carolina General Warranty Deed from Individual to a Trust

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• County: Wake
• 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 Wake North Carolina General Warranty Deed from Individual to a Trust is a legal document that transfers ownership of real estate from an individual, known as the granter, to a trust. This type of deed provides a comprehensive guarantee to the new owner, known as the grantee, that the property is free of any title defects or encumbrances, and that the granter has the full right and authority to sell the property. In Wake County, North Carolina, there are several variations of General Warranty Deeds that can be used for transferring property from an individual to a trust, depending on the specific circumstances and requirements involved. Some of these variations include: 1. General Warranty Deed with Full Covenants: This deed offers the broadest form of protection for the grantee. It includes a series of covenants or promises by the granter, ensuring that the title is clear, the granter has the right to sell the property, and the grantee will not face any challenges to the title in the future. 2. General Warranty Deed with Limited Covenants: This type of deed provides a more limited set of covenants compared to the full covenants deed. It still guarantees that the granter has the right to sell the property and that the property is free from any defects or encumbrances created by the granter, but it may not include some of the more specific warranties that are present in the full covenants deed. 3. General Warranty Deed with Special Warranty: This variation of the deed provides a narrower warranty than the full covenants deed. The granter only warrants against any defects in the property title that may have occurred during the granter's ownership, rather than warranting against all defects in title, including those that may have arisen prior to the granter's ownership. In all variations of a Wake North Carolina General Warranty Deed from Individual to a Trust, the deed typically includes important information such as the names and addresses of the granter and grantee, a legal description of the property, the purchase price or consideration for the transfer, and any other relevant terms or conditions agreed upon by the parties involved. It is essential to consult with an experienced real estate attorney to ensure that the appropriate type of General Warranty Deed is used for transferring property from an individual to a trust in Wake County, North Carolina. Additionally, conducting a thorough title search and obtaining title insurance can further protect the grantee's interests and provide peace of mind regarding the property's ownership and title history.

A Wake North Carolina General Warranty Deed from Individual to a Trust is a legal document that transfers ownership of real estate from an individual, known as the granter, to a trust. This type of deed provides a comprehensive guarantee to the new owner, known as the grantee, that the property is free of any title defects or encumbrances, and that the granter has the full right and authority to sell the property. In Wake County, North Carolina, there are several variations of General Warranty Deeds that can be used for transferring property from an individual to a trust, depending on the specific circumstances and requirements involved. Some of these variations include: 1. General Warranty Deed with Full Covenants: This deed offers the broadest form of protection for the grantee. It includes a series of covenants or promises by the granter, ensuring that the title is clear, the granter has the right to sell the property, and the grantee will not face any challenges to the title in the future. 2. General Warranty Deed with Limited Covenants: This type of deed provides a more limited set of covenants compared to the full covenants deed. It still guarantees that the granter has the right to sell the property and that the property is free from any defects or encumbrances created by the granter, but it may not include some of the more specific warranties that are present in the full covenants deed. 3. General Warranty Deed with Special Warranty: This variation of the deed provides a narrower warranty than the full covenants deed. The granter only warrants against any defects in the property title that may have occurred during the granter's ownership, rather than warranting against all defects in title, including those that may have arisen prior to the granter's ownership. In all variations of a Wake North Carolina General Warranty Deed from Individual to a Trust, the deed typically includes important information such as the names and addresses of the granter and grantee, a legal description of the property, the purchase price or consideration for the transfer, and any other relevant terms or conditions agreed upon by the parties involved. It is essential to consult with an experienced real estate attorney to ensure that the appropriate type of General Warranty Deed is used for transferring property from an individual to a trust in Wake County, North Carolina. Additionally, conducting a thorough title search and obtaining title insurance can further protect the grantee's interests and provide peace of mind regarding the property's ownership and title history.