This form is a General Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and generally warrants the described property to the Grantees. The Grantees take the property as tenants in common, joint tenants with the right of survivorship or tenants by the entireties. This deed complies with all state statutory laws.
A Wilmington North Carolina General Warranty Deed from Individual Granter to Two Grantees is a legal document used to transfer property ownership rights from an individual seller (the granter) to two buyers (the grantees) in Wilmington, North Carolina. This type of deed provides a guarantee to the grantees that the granter has clear and marketable title to the property and will defend it against any future claims. The General Warranty Deed is one of the most common types of property transfer deeds used in Wilmington, North Carolina. However, there can be variations or specific types depending on specific circumstances or requirements. Some of these variations may include: 1. Joint Tenancy with Right of Survivorship: This type of General Warranty Deed ensures that if one grantee passes away, their ownership interest automatically transfers to the surviving grantee(s) without the need for a separate legal process. 2. Tenants in Common: This variation allows the two grantees to hold ownership interests in the property as individuals. Each grantee has the right to transfer their interest in the property to another party, and in case of death, their share passes to their heirs or beneficiaries. The Wilmington North Carolina General Warranty Deed from Individual Granter to Two Grantees contains several essential elements: 1. Names and roles: The deed specifically identifies the individual granter who is transferring the property, as well as the two grantees who will become the new owners. 2. Legal description: This section provides a detailed description of the property being transferred, including its boundaries, lot numbers, and any other relevant details to accurately identify the property. 3. Covenants and warranties: The General Warranty Deed includes provisions that assure the grantees of the granter's full ownership rights and protection against any future claims or disputes. The granter guarantees that the property is free from any undisclosed encumbrances, such as liens, judgments, or other restrictions. 4. Signatures and notarization: To make the deed legally binding, all parties involved must sign the document in the presence of a notary public. The notary will then seal and stamp the deed to verify its authenticity. It is crucial to consult with a qualified real estate attorney or title professional to draft and ensure the accuracy of the Wilmington North Carolina General Warranty Deed from Individual Granter to Two Grantees. This legal professional will guide you through the documentation process and ensure compliance with local laws and regulations.A Wilmington North Carolina General Warranty Deed from Individual Granter to Two Grantees is a legal document used to transfer property ownership rights from an individual seller (the granter) to two buyers (the grantees) in Wilmington, North Carolina. This type of deed provides a guarantee to the grantees that the granter has clear and marketable title to the property and will defend it against any future claims. The General Warranty Deed is one of the most common types of property transfer deeds used in Wilmington, North Carolina. However, there can be variations or specific types depending on specific circumstances or requirements. Some of these variations may include: 1. Joint Tenancy with Right of Survivorship: This type of General Warranty Deed ensures that if one grantee passes away, their ownership interest automatically transfers to the surviving grantee(s) without the need for a separate legal process. 2. Tenants in Common: This variation allows the two grantees to hold ownership interests in the property as individuals. Each grantee has the right to transfer their interest in the property to another party, and in case of death, their share passes to their heirs or beneficiaries. The Wilmington North Carolina General Warranty Deed from Individual Granter to Two Grantees contains several essential elements: 1. Names and roles: The deed specifically identifies the individual granter who is transferring the property, as well as the two grantees who will become the new owners. 2. Legal description: This section provides a detailed description of the property being transferred, including its boundaries, lot numbers, and any other relevant details to accurately identify the property. 3. Covenants and warranties: The General Warranty Deed includes provisions that assure the grantees of the granter's full ownership rights and protection against any future claims or disputes. The granter guarantees that the property is free from any undisclosed encumbrances, such as liens, judgments, or other restrictions. 4. Signatures and notarization: To make the deed legally binding, all parties involved must sign the document in the presence of a notary public. The notary will then seal and stamp the deed to verify its authenticity. It is crucial to consult with a qualified real estate attorney or title professional to draft and ensure the accuracy of the Wilmington North Carolina General Warranty Deed from Individual Granter to Two Grantees. This legal professional will guide you through the documentation process and ensure compliance with local laws and regulations.
