This form is a General Warranty Deed where the Grantors are five individuals and the Grantees are five individuals. Grantors convey and generally warrant the described property to the Grantees. This deed complies with all state statutory laws.
A Charlotte North Carolina General Warranty Deed from Five Individuals to Five Individuals is a legal document that transfers ownership of real property from five individuals to five other individuals. This type of deed ensures that the property being conveyed is free and clear of any encumbrances or defects in title. The General Warranty Deed is a common type of deed used in the state of North Carolina. It provides the buyer (grantee) with the highest level of protection by guaranteeing that the granter (seller) owns the property, has the right to sell it, and will defend the buyer against any claims or challenges to the title. There are no specific variations of the Charlotte North Carolina General Warranty Deed from Five Individuals to Five Individuals based on the number of individuals involved in the transaction. The deed type remains the same irrespective of the number of individuals buying and selling the property. Regardless of whether there are five granters and five grantees or any other combination, the deed functions to transfer ownership rights with a comprehensive warranty. Some relevant keywords associated with this type of deed include: 1. General Warranty Deed: This type of deed guarantees the highest level of protection to the buyer by warranting title against all claims and encumbrances, both present, and future. 2. Charlotte: Refers to the specific location of the property being transferred, which in this case, is in Charlotte, North Carolina. 3. Real Property: This refers to land and anything permanently attached to it, such as buildings or structures. 4. Five Individuals: Denotes the number of individuals serving as granters (sellers) and grantees (buyers). 5. Transfer of Ownership: The act of conveying ownership rights from the granter to the grantee, establishing new ownership of the property. 6. Encumbrances: Any claims, liens, or other restrictions on the title of the property that may limit its use or value. 7. Defects in Title: Refers to any issues that may affect the marketability of the property, such as unresolved liens, disputed boundaries, or undisclosed heirs. It is important to consult with a qualified real estate attorney or legal professional to ensure the proper drafting and execution of this document, as well as to understand the specific requirements and laws governing general warranty deeds in Charlotte, North Carolina.
