This form is a General Warranty Deed where the Grantors are three (3) 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 general warranty deed is a legal document that transfers the ownership of a property from three individuals to an individual, providing comprehensive guarantees to the buyer about the property's title and condition. In Wilmington, North Carolina, there are various types of general warranty deeds that may be used for different situations. 1. "Wilmington North Carolina General Warranty Deed — Three Individuals to an Individual": This type of general warranty deed is a common transfer document used when three individuals collectively sell a property to a single buyer in Wilmington, North Carolina. It provides the buyer with extensive assurances regarding the property's title and potential legal issues. The deed guarantees that the property is free from any encumbrances, liens, or claims, except those explicitly stated in the deed. 2. "Wilmington North Carolina General Warranty Deed — Joint Tenancy with Right of Survivorship": In this specific type of general warranty deed, three individuals transfer their ownership interests in a property to an individual as joint tenants with the right of survivorship. This means that if one of the co-owners passes away, their interest automatically transfers to the surviving co-owners without going through probate. This form of ownership often ensures a smooth transfer of the property upon the death of one owner. 3. "Wilmington North Carolina General Warranty Deed — Tenants in Common": This variation of the general warranty deed involves three individuals transferring their ownership interests in a property to an individual as tenants in common. Unlike joint tenants, tenants in common each hold separate and distinct shares of the property. In case of death, their shares do not automatically transfer to the surviving co-owners but are subject to probate. This type of ownership allows for flexibility in terms of selling, gifting, or bequeathing their individual shares. Regardless of the specific type, a Wilmington North Carolina General Warranty Deed from three Individuals to an Individual generally includes essential information, such as the names of the granters (individuals selling the property) and grantee (individual buying the property), a legal description of the property, the purchase price, and any conditions of the transfer. The deed must be notarized and recorded with the appropriate county office to ensure its validity and establish the new owner's rightful claim to the property.A general warranty deed is a legal document that transfers the ownership of a property from three individuals to an individual, providing comprehensive guarantees to the buyer about the property's title and condition. In Wilmington, North Carolina, there are various types of general warranty deeds that may be used for different situations. 1. "Wilmington North Carolina General Warranty Deed — Three Individuals to an Individual": This type of general warranty deed is a common transfer document used when three individuals collectively sell a property to a single buyer in Wilmington, North Carolina. It provides the buyer with extensive assurances regarding the property's title and potential legal issues. The deed guarantees that the property is free from any encumbrances, liens, or claims, except those explicitly stated in the deed. 2. "Wilmington North Carolina General Warranty Deed — Joint Tenancy with Right of Survivorship": In this specific type of general warranty deed, three individuals transfer their ownership interests in a property to an individual as joint tenants with the right of survivorship. This means that if one of the co-owners passes away, their interest automatically transfers to the surviving co-owners without going through probate. This form of ownership often ensures a smooth transfer of the property upon the death of one owner. 3. "Wilmington North Carolina General Warranty Deed — Tenants in Common": This variation of the general warranty deed involves three individuals transferring their ownership interests in a property to an individual as tenants in common. Unlike joint tenants, tenants in common each hold separate and distinct shares of the property. In case of death, their shares do not automatically transfer to the surviving co-owners but are subject to probate. This type of ownership allows for flexibility in terms of selling, gifting, or bequeathing their individual shares. Regardless of the specific type, a Wilmington North Carolina General Warranty Deed from three Individuals to an Individual generally includes essential information, such as the names of the granters (individuals selling the property) and grantee (individual buying the property), a legal description of the property, the purchase price, and any conditions of the transfer. The deed must be notarized and recorded with the appropriate county office to ensure its validity and establish the new owner's rightful claim to the property.
