This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
Fargo North Dakota Warranty Deed is a legal document used to transfer real estate ownership from a corporate entity to an individual while providing certain guarantees regarding the title's validity and the property's condition. This type of deed offers specific warranties to protect the new owner against any claims that may arise in the future. When a corporation decides to transfer property to an individual, the Fargo North Dakota Warranty Deed ensures that the corporation possesses legal authority to sell the property and that the title is clear of any lien, encumbrance, or claim. It also guarantees that the corporation will defend the new owner's title against any third-party claims that may arise. Different types of Fargo North Dakota Warranty Deeds from Corporation to Individual include: 1. General Warranty Deed: This type of deed guarantees the property's title, ensuring that it is free and clear of any defects or claims, both present and future. It provides the broadest protection for the individual buyer. 2. Special Warranty Deed: This deed type guarantees the property's title, but only for claims or defects that may have arisen during the corporation's ownership. It does not cover any issues that existed before the corporation acquired the property. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed is sometimes used in Fargo, North Dakota, for transferring property. It does not provide any guarantees or warranties regarding the property's title or condition. It simply transfers the corporation's interest, if any, to the individual. In all cases, a Fargo North Dakota Warranty Deed from Corporation to Individual should include a complete legal description of the property, the names and addresses of both the corporation and the individual, the purchase price (if any), and any additional terms or conditions agreed upon between the parties. Please note that this is a general description, and it is recommended to consult a qualified attorney or real estate professional for specific guidance in drafting and executing a Fargo North Dakota Warranty Deed from Corporation to Individual based on the unique circumstances of the transaction.
