Wilmington North Carolina General Warranty Deed from two Individuals to Corporation

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Wilmington
• Control #: NC-05-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A General Warranty Deed is a legal document used to transfer ownership of real property from two individuals to a corporation in Wilmington, North Carolina. This type of deed provides the greatest level of protection for the buyer, ensuring that the individuals transferring the property have clear ownership and there are no hidden claims or encumbrances. Creating a detailed description of a Wilmington North Carolina General Warranty Deed from two Individuals to Corporation involves the following key elements: 1. Parties involved: The General Warranty Deed involves two individuals, known as granters, who are transferring the property, and a corporation, known as the grantee, which is acquiring the property. The deed includes the full legal names of the granters and grantee, their addresses, and their respective roles. 2. Property description: The deed contains a detailed description of the property being transferred. This includes the physical address, legal description, and any additional identifying information necessary for accurate identification of the property. 3. Conveyance clause: The conveyance clause is a crucial part of the deed that states the granters' intention to transfer ownership of the property to the grantee. It explicitly states the granters' full authority to make the transfer and their intent to convey the property with a general warranty of title. 4. General warranty covenants: The General Warranty Deed includes specific covenants, or promises, made by the granters to the grantee. These covenants provide assurances that the property is free from any encumbrances or defects in title, and that the granters will defend the grantee against any claims arising from the property's history. 5. Consideration: The deed outlines the agreed-upon consideration, which represents the value exchanged for the property. This can be in the form of monetary payment, shares of stock, or other assets depending on the terms negotiated between the individuals and the corporation. 6. Execution and notarization: The deed must be signed by both granters in the presence of a notary public, who will also affix their seal and acknowledge the signature's authenticity. Notarization ensures the validity and enforceability of the deed. Different types of Wilmington North Carolina General Warranty Deed from two Individuals to Corporation may include special warranty deeds or limited warranty deeds. While a general warranty deed offers the highest level of protection, these alternative forms of deeds may provide more limited assurances of title. It is recommended to consult with a legal professional or real estate attorney to determine the most appropriate type of deed for a specific situation. Keywords: Wilmington North Carolina, General Warranty Deed, two Individuals, Corporation, granters, grantee, property description, conveyance clause, general warranty covenants, consideration, execution, notarization, special warranty deed, limited warranty deed.

A General Warranty Deed is a legal document used to transfer ownership of real property from two individuals to a corporation in Wilmington, North Carolina. This type of deed provides the greatest level of protection for the buyer, ensuring that the individuals transferring the property have clear ownership and there are no hidden claims or encumbrances. Creating a detailed description of a Wilmington North Carolina General Warranty Deed from two Individuals to Corporation involves the following key elements: 1. Parties involved: The General Warranty Deed involves two individuals, known as granters, who are transferring the property, and a corporation, known as the grantee, which is acquiring the property. The deed includes the full legal names of the granters and grantee, their addresses, and their respective roles. 2. Property description: The deed contains a detailed description of the property being transferred. This includes the physical address, legal description, and any additional identifying information necessary for accurate identification of the property. 3. Conveyance clause: The conveyance clause is a crucial part of the deed that states the granters' intention to transfer ownership of the property to the grantee. It explicitly states the granters' full authority to make the transfer and their intent to convey the property with a general warranty of title. 4. General warranty covenants: The General Warranty Deed includes specific covenants, or promises, made by the granters to the grantee. These covenants provide assurances that the property is free from any encumbrances or defects in title, and that the granters will defend the grantee against any claims arising from the property's history. 5. Consideration: The deed outlines the agreed-upon consideration, which represents the value exchanged for the property. This can be in the form of monetary payment, shares of stock, or other assets depending on the terms negotiated between the individuals and the corporation. 6. Execution and notarization: The deed must be signed by both granters in the presence of a notary public, who will also affix their seal and acknowledge the signature's authenticity. Notarization ensures the validity and enforceability of the deed. Different types of Wilmington North Carolina General Warranty Deed from two Individuals to Corporation may include special warranty deeds or limited warranty deeds. While a general warranty deed offers the highest level of protection, these alternative forms of deeds may provide more limited assurances of title. It is recommended to consult with a legal professional or real estate attorney to determine the most appropriate type of deed for a specific situation. Keywords: Wilmington North Carolina, General Warranty Deed, two Individuals, Corporation, granters, grantee, property description, conveyance clause, general warranty covenants, consideration, execution, notarization, special warranty deed, limited warranty deed.