Raleigh North Carolina General Warranty Deed from Husband and Wife to Corporation

• Category: Real Estate - Deeds - Warranty
• State: North Carolina
• City: Raleigh
• Control #: NC-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.

Raleigh, North Carolina General Warranty Deed from Husband and Wife to Corporation is a legal document that facilitates the transfer of ownership from a married couple to a corporation. This type of deed ensures that the property being conveyed is free from any encumbrances, defects, or claims, providing the corporation with a clear and marketable title. The deed offers a significant level of protection to the purchaser by guaranteeing that the property's title is undisputed and that the transfer is lawful. In Raleigh, North Carolina, there are two main types of General Warranty Deeds from Husband and Wife to Corporation: 1. Traditional General Warranty Deed: This type of General Warranty Deed provides the corporation with the broadest form of protection. It includes extensive warranties and covenants from the husband and wife, such as the assurance that they are the legal owners of the property, that the property is free from any encumbrances, and that they have the right to convey the property to the corporation. The deed also guarantees that the husband and wife will defend the title against any future claims or disputes. 2. Special or Limited Warranty Deed: This type of General Warranty Deed offers a narrower scope of protection compared to the traditional version. It typically guarantees that the husband and wife only warrant and defend the title against claims that may arise during their ownership of the property. This means that the corporation may not be fully protected against claims or defects that might have existed before their ownership. In both cases, the General Warranty Deed will include key components such as: a. Granter and Grantee Information: The deed will identify the parties involved in the transaction, including the names of the husband and wife, as well as the name of the corporation receiving the property. b. Property Description: A detailed and accurate description of the property being conveyed will be included, usually referencing the property's legal description, county, and any identifying numbers or lot information. c. Warranties and Covenants: The deed will outline the warranties and covenants provided by the husband and wife, assuring that the title is clear and marketable. It may include covenants against encumbrances, quiet enjoyment, further assurances, and the right to defend the title. d. Signatures and Notarization: The deed must be signed by the husband and wife, acknowledging their agreement to transfer the property to the corporation. Additionally, the deed must be notarized to establish its authenticity and legality. The Raleigh, North Carolina General Warranty Deed from Husband and Wife to Corporation plays a crucial role in facilitating the transfer of real estate from individuals to corporate entities. It ensures that the corporation being granted the property receives a clear and marketable title, safeguarding their investment. By employing either the traditional General Warranty Deed or the Special Warranty Deed, the parties involved can choose the level of protection that best suits their needs and ensures a seamless property transfer process.