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.
Description of Raleigh North Carolina General Warranty Deed from Four Individuals to One Individual In Raleigh, North Carolina, a General Warranty Deed from Four Individuals to One Individual represents the transfer of property ownership and the assurance of clear title from the four individuals to a single individual. This type of deed provides the highest level of protection and includes specific warranties against any title defects or claims that may arise in the future. The Raleigh North Carolina General Warranty Deed from Four Individuals to One Individual is a legally binding document that guarantees the granter's ownership rights and the absence of any undisclosed liens, encumbrances, or other issues that could impact the property's title. The deed assures the grantee that they hold a valid title, granting them the full rights and privileges associated with property ownership. This specific type of deed is commonly used in real estate transactions in Raleigh, North Carolina. It is important to note that there may be variations of this deed, including: 1. General Warranty Deed with Monetary Consideration: This type of deed includes a specific monetary value representing the consideration paid by the grantee to the four individuals for the property transfer. It is often referred to as a "cash consideration" deed. 2. General Warranty Deed without Monetary Consideration: In certain cases, the property transfer may occur without any monetary consideration. This type of deed is used when the transfer is a gift, inheritance, or result of a personal relationship between the parties involved. 3. Joint Tenancy with Rights of Survivorship: This type of General Warranty Deed from Four Individuals to One Individual ensures that if one of the granters passes away, their share of the property automatically transfers to the remaining granters, without the need for a separate legal process such as probate. 4. Tenancy in Common: This type of deed is used when the granters wish to transfer equal or unequal interests in the property to the grantee. Each granter retains individual ownership rights to their specific share, which can be transferred or inherited separately. Overall, the Raleigh North Carolina General Warranty Deed from Four Individuals to One Individual is a crucial legal document that safeguards the buyer's ownership rights and provides assurance against any potential title issues. It signifies the transfer of property from four individuals to a single individual, ensuring a smooth and secure transaction within the bounds of North Carolina law.Description of Raleigh North Carolina General Warranty Deed from Four Individuals to One Individual In Raleigh, North Carolina, a General Warranty Deed from Four Individuals to One Individual represents the transfer of property ownership and the assurance of clear title from the four individuals to a single individual. This type of deed provides the highest level of protection and includes specific warranties against any title defects or claims that may arise in the future. The Raleigh North Carolina General Warranty Deed from Four Individuals to One Individual is a legally binding document that guarantees the granter's ownership rights and the absence of any undisclosed liens, encumbrances, or other issues that could impact the property's title. The deed assures the grantee that they hold a valid title, granting them the full rights and privileges associated with property ownership. This specific type of deed is commonly used in real estate transactions in Raleigh, North Carolina. It is important to note that there may be variations of this deed, including: 1. General Warranty Deed with Monetary Consideration: This type of deed includes a specific monetary value representing the consideration paid by the grantee to the four individuals for the property transfer. It is often referred to as a "cash consideration" deed. 2. General Warranty Deed without Monetary Consideration: In certain cases, the property transfer may occur without any monetary consideration. This type of deed is used when the transfer is a gift, inheritance, or result of a personal relationship between the parties involved. 3. Joint Tenancy with Rights of Survivorship: This type of General Warranty Deed from Four Individuals to One Individual ensures that if one of the granters passes away, their share of the property automatically transfers to the remaining granters, without the need for a separate legal process such as probate. 4. Tenancy in Common: This type of deed is used when the granters wish to transfer equal or unequal interests in the property to the grantee. Each granter retains individual ownership rights to their specific share, which can be transferred or inherited separately. Overall, the Raleigh North Carolina General Warranty Deed from Four Individuals to One Individual is a crucial legal document that safeguards the buyer's ownership rights and provides assurance against any potential title issues. It signifies the transfer of property from four individuals to a single individual, ensuring a smooth and secure transaction within the bounds of North Carolina law.
