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

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Wilmington
• 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. A Wilmington North Carolina General Warranty Deed from Husband and Wife to Corporation is a legal document executed by a husband and wife — jointly as ownerpropertytRTTrt— - transferring their interest in the property to a corporation. This type of deed is commonly used when individuals want to contribute a property they jointly own to an existing or newly-formed corporation. The general warranty deed provides certain assurances and protections to the corporation, ensuring that the husband and wife have good, marketable title to the property and that they will defend the title against any claims that may arise. By using this deed, the husband and wife guarantee that they have the right to convey the property, there are no undisclosed encumbrances or liens, and the property is free from any prior claims or defects. There are a few variations of the Wilmington North Carolina General Warranty Deed from Husband and Wife to Corporation, each tailored to specific circumstances: 1. Standard General Warranty Deed: This is the most common form of the deed, used when the husband and wife jointly own the property, and they want to transfer their interest to a corporation. This deed offers the highest level of protection to the corporation, assuring that the property has a clean and marketable title. 2. Special Warranty Deed: In certain cases, the husband and wife may opt to use a special warranty deed instead. This type of deed guarantees that they have not encumbered the property during their ownership but excludes any claims that might have existed before they acquired it. 3. Quitclaim Deed: This deed, though not a general warranty deed, is also an option in situations where the husband and wife are willing to transfer their interest in the property to the corporation without providing any warranties or guarantees. It simply conveys whatever interest they have, if any, in the property. It is important to consult with a qualified attorney or real estate professional to determine the most appropriate type of deed for the specific circumstances and to ensure compliance with Wilmington, North Carolina, and state laws. This detailed description provides an overview of the Wilmington North Carolina General Warranty Deed from Husband and Wife to Corporation, its purpose, and the different variations commonly used.

A Wilmington North Carolina General Warranty Deed from Husband and Wife to Corporation is a legal document executed by a husband and wife — jointly as ownerpropertytRTTrt— - transferring their interest in the property to a corporation. This type of deed is commonly used when individuals want to contribute a property they jointly own to an existing or newly-formed corporation. The general warranty deed provides certain assurances and protections to the corporation, ensuring that the husband and wife have good, marketable title to the property and that they will defend the title against any claims that may arise. By using this deed, the husband and wife guarantee that they have the right to convey the property, there are no undisclosed encumbrances or liens, and the property is free from any prior claims or defects. There are a few variations of the Wilmington North Carolina General Warranty Deed from Husband and Wife to Corporation, each tailored to specific circumstances: 1. Standard General Warranty Deed: This is the most common form of the deed, used when the husband and wife jointly own the property, and they want to transfer their interest to a corporation. This deed offers the highest level of protection to the corporation, assuring that the property has a clean and marketable title. 2. Special Warranty Deed: In certain cases, the husband and wife may opt to use a special warranty deed instead. This type of deed guarantees that they have not encumbered the property during their ownership but excludes any claims that might have existed before they acquired it. 3. Quitclaim Deed: This deed, though not a general warranty deed, is also an option in situations where the husband and wife are willing to transfer their interest in the property to the corporation without providing any warranties or guarantees. It simply conveys whatever interest they have, if any, in the property. It is important to consult with a qualified attorney or real estate professional to determine the most appropriate type of deed for the specific circumstances and to ensure compliance with Wilmington, North Carolina, and state laws. This detailed description provides an overview of the Wilmington North Carolina General Warranty Deed from Husband and Wife to Corporation, its purpose, and the different variations commonly used.