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.
Title: Understanding the Fargo, North Dakota Warranty Deed from Husband and Wife to Corporation Keywords: Fargo North Dakota, Warranty Deed, Husband and Wife, Corporation, real estate transfer, legal document Introduction: The Fargo, North Dakota Warranty Deed from Husband and Wife to Corporation is a crucial legal document that facilitates the transfer of real estate ownership between a married couple (husband and wife) and a corporation. Providing legal protection and ensuring the title's validity, this warranty deed plays a vital role in real estate transactions. In Fargo, North Dakota, several variations of the warranty deed exist, each serving specific purposes. Let's explore the different types of Fargo North Dakota Warranty Deeds from Husband and Wife to Corporation. 1. General Warranty Deed: The General Warranty Deed is the most comprehensive type of warranty deed commonly used in Fargo, North Dakota. By executing this deed, the husband and wife transfer full ownership of the property, guaranteeing clear title and protection against any potential claims or encumbrances that may arise before or during their ownership. The corporation receiving the deed gains absolute confidence in the property's history and assumes responsibility for any future consequences. 2. Special Warranty Deed: Unlike the General Warranty Deed, the Special Warranty Deed offers a limited guarantee. By executing this type of deed, the husband and wife assure the corporation that they have not caused any title issues or encumbrances during their ownership. This deed only protects against claims that may have arisen during their period of ownership, safeguarding the corporation from unknown or hidden defects during an earlier time frame. 3. Quitclaim Deed: While not strictly a warranty deed, the Quitclaim Deed can also be used in Fargo, North Dakota for transferring property from husband and wife to a corporation. This deed provides the least amount of protection as it conveys the rights and interests that the couple possesses, but offers no warranty or guarantee of clear title. This type of deed is commonly used in situations where the corporation is familiar with the property's history and potential risks involved, or for transferring property within a family or known entity without the need for extensive warranties. Conclusion: The Fargo North Dakota Warranty Deed from Husband and Wife to Corporation comprises various types, including the General Warranty Deed, Special Warranty Deed, and Quitclaim Deed. Each type offers different levels of protection and guarantees for the corporation acquiring the property. It is important to understand the distinctions and consult with legal professionals to determine the most suitable deed type for a specific real estate transfer in Fargo, North Dakota.
