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 Wake North Carolina General Warranty Deed from Five Individuals to Five Individuals is a legal document that facilitates the transfer of property ownership rights between multiple parties in Wake County. This type of deed ensures that the property being transferred is free from any liens or encumbrances and guarantees the grantee full ownership rights and protection against any future claims or disputes. This particular type of deed specifies that the property is being transferred from five individuals to five other individuals in Wake County, North Carolina. The names of each individual involved in the transfer will be mentioned on the deed, clearly establishing their roles as granters (those transferring the property) and grantees (those receiving the property). The Wake North Carolina General Warranty Deed provides a comprehensive transfer of property rights and includes a number of relevant clauses and provisions to protect the interests of both parties involved. These clauses may vary depending on specific circumstances and the preferences of the transferring parties. Some important keywords and relevant terms associated with Wake North Carolina General Warranty Deed from Five Individuals to Five Individuals are: 1. Wake North Carolina: Refers to the specific geographic location where the property is situated, in this case, Wake County, North Carolina. 2. General Warranty Deed: Represents the type of deed being used for the transfer, providing the highest level of protection for the grantee. 3. Five Individuals: Denotes the number of individuals involved in the transfer, with each holding a specific role as either a granter or grantee. 4. Transfer of Ownership: Refers to the legal process of transferring property rights from the granter(s) to the grantee(s). 5. Liens and Encumbrances: Specifies that the property being transferred should be free from any claims, debts, or legal restrictions, ensuring a clear title. 6. Property Description: Provides a detailed physical description of the property being transferred, including its address, lot number, and boundaries, ensuring accuracy. 7. Consideration: Determines the value exchanged for the property, whether it is monetary or non-monetary, and establishes the contract between both parties. 8. Legal Acknowledgment: Includes a section for the granter(s) to acknowledge their agreement to transfer the property and affirms their understanding of the legal consequences. 9. Notarization and Recording: Requires the deed to be notarized and filed with the appropriate county recorder's office, ensuring its legal validity and making it part of the public record. Different variations of Wake North Carolina General Warranty Deed from Five Individuals to Five Individuals may include additional clauses or provisions based on the specific requirements or preferences of the parties involved. These variations may include special conditions, covenants, or restrictions that are unique to the property or the transfer itself.
