This form is a General Warranty Deed where the Grantors are two 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.
Winston-Salem, North Carolina General Warranty Deed from Two Individuals to an Individual is a legally binding document that transfers ownership of real estate property from two individuals to another individual. This type of deed ensures that the granter (the individual transferring the property) has full legal ownership and the right to convey the property to the grantee (the individual receiving the property). In Winston-Salem, North Carolina, two common types of General Warranty Deeds are used for transferring property from two individuals to an individual: 1. Individual to Individual General Warranty Deed: This type of deed is used when two individuals, such as spouses or family members, jointly own a property and want to collectively transfer it to another individual. It provides a full warranty of title, meaning the granter guarantees that they hold clear and marketable title to the property, free from any encumbrances, liens, or claims. 2. Joint Tenancy General Warranty Deed: In this case, two individuals own a property under joint tenancy, where both parties possess equal shares and rights to the property. If one of them wants to transfer their interest to another individual, a Joint Tenancy General Warranty Deed is used. The deed ensures that the grantee will receive an undivided interest in the property, along with the same warranty of title provided by the granter. Regardless of the specific type of General Warranty Deed being used, it generally contains the following key information: 1. Names and addresses of the granter(s) and grantee(s): The full legal names and current addresses of the individuals involved in the property transfer. 2. Legal description of the property: A detailed description of the property being transferred, including the address, lot number, and any other relevant details that accurately identify the land. 3. Consideration: The agreed-upon amount or value exchanged for the transfer of the property, if applicable. 4. Warranty covenants: The granter's contractual promises and assurances to the grantee, guaranteeing that the title to the property is free from defects and that they will defend the grantee against any claims made by third parties. 5. Signatures: The deed must be signed and notarized by all parties involved in the transfer, including witnesses, to ensure its validity and enforceability. 6. Recording information: Once executed, the General Warranty Deed needs to be recorded at the county recorder's office to provide public notice of the property transfer and establish a chain of title. Winston-Salem, North Carolina General Warranty Deed from Two Individuals to an Individual serves as a crucial legal instrument for property transactions, providing protection and assurance to the grantee regarding the property's ownership rights and title. It is advisable to consult an attorney or a real estate professional to properly draft and execute this document to ensure compliance with state laws and regulations.
