This form is a General Warranty Deed where the Grantors are four (4) individuals and the
Grantee is an individual. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A Charlotte North Carolina General Warranty Deed from Four Individuals to One Individual is a legal document that transfers real property ownership rights from four individuals to a single individual, providing a guarantee that the property is free of any encumbrances or title defects. This type of deed offers the highest level of protection to the buyer, as it not only conveys the property but also guarantees the granter's lawful ownership and ability to sell. There are several types of General Warranty Deeds in Charlotte, North Carolina, which can vary based on the specific circumstances of the transaction. Some common types include: 1. General Warranty Deed with Full Covenants: This type of deed offers the most extensive guarantees to the buyer, including protection against title defects arising from any point in the property's history. It assures that the granter will defend the title against any claims made by third parties. 2. Special Warranty Deed: This deed is similar to the General Warranty Deed but provides a narrower scope of protection. The granter guarantees the property against any title defects or encumbrances that occurred during their ownership but does not extend the protection to earlier periods of ownership. 3. Bargain and Sale Deed: This type of deed does not provide any explicit warranty or guarantee. Instead, it implies that the granter has the right to sell the property and has done nothing to impair the title during their ownership. It offers limited protection to the buyer and is commonly used in foreclosure sales or transfers between family members. Regardless of the specific type, a General Warranty Deed typically includes essential elements such as: 1. Names of Granter(s) and Grantee: Identifying both parties involved in the property transfer. 2. Property Description: A detailed description of the property being conveyed, including its legal description, boundaries, and any relevant landmarks. 3. Consideration: The amount of money or other value exchanged for the property. 4. Warranties and Covenants: Specific promises and guarantees made by the granter, ensuring that the title is free from any liens, legal claims, or encumbrances. 5. Signatures and Acknowledgments: The deed must be signed by all granters and notarized to make it legally binding. It is crucial for both the buyer and seller to thoroughly understand the type of General Warranty Deed involved in the transaction and seek legal advice if necessary.
