A Raleigh North Carolina General Warranty Deed from two Individuals to Corporation is a legal document used to transfer ownership of a property from two individuals (known as granters) to a corporation (known as the grantee). This type of deed provides a guarantee from the granters that they have clear title to the property and that they have the legal authority to transfer it. Keywords: Raleigh North Carolina, General Warranty Deed, two Individuals, Corporation, ownership transfer, granters, grantee, clear title, legal authority. There are several types of Raleigh North Carolina General Warranty Deed from two Individuals to Corporation, including: 1. Individual(s) to Corporation: This is the most common type of General Warranty Deed, where the property is transferred from one or multiple individuals to a corporation. The granters typically have full ownership and authority to sell the property. 2. Joint Tenants to Corporation: In this variation, the granters are joint tenants who jointly own the property, and they collectively transfer their ownership interests to the corporation. 3. Tenants in Common to Corporation: This type of General Warranty Deed involves granters who are tenants in common, meaning they each have a percentage interest in the property. They transfer their respective ownership interests in the property to the corporation. 4. Husband and Wife to Corporation: If the granters are a married couple, they may choose to transfer their property jointly to the corporation. The deed will include both spouses' names and their intent to transfer the property as a unit. It's important to note that regardless of the specific type of General Warranty Deed used, the document must comply with the laws and regulations of Raleigh, North Carolina. This includes providing a complete legal description of the property, stating the consideration (usually a monetary amount), and obtaining the necessary signatures and notarization. In conclusion, a Raleigh North Carolina General Warranty Deed from two Individuals to Corporation is a legal instrument used to formally transfer ownership of a property. The document assures the grantee, typically a corporation, that the granters have the right to sell the property and guarantees the title's validity. Make sure to consult with a qualified attorney when preparing or executing such deeds to ensure compliance with all legal requirements.
Raleigh North Carolina General Warranty Deed from two Individuals to Corporation
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FAQ
Signing (N.C.G.S.A. § 47-38) ? All quit claim deeds are required to be signed with the Grantor(s) being witnessed by a Notary Public.
Can I prepare my own deed and have it recorded? A. North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advice of legal counsel.
A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.
Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
What Are the Steps to Transfer a Deed Yourself? Retrieve your original deed.Get the appropriate deed form.Draft the deed.Sign the deed before a notary.Record the deed with the county recorder.Obtain the new original deed.
Non-Warranty Deeds In a Non-Warranty or Quitclaim Deed, the seller merely is giving the buyer whatever rights, if any, that the seller has in the property and the seller makes no warranties of any nature about the seller's rights in the property.
A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.