Jersey City New Jersey Warranty Deed from Corporation to Corporation

• Category: New Jersey Real Estate - Deeds - Warranty
• State: New Jersey
• City: Jersey City
• Control #: NJ-013-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. 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. A Jersey City New Jersey Warranty Deed from Corporation to Corporation is a legal document that transfers ownership of real estate from one corporation to another. It guarantees that the transfer of property is free from any encumbrances, defects, or claims, providing protection to the receiving corporation. In this type of warranty deed, the transferring corporation covenants that it holds clear and marketable title to the property being conveyed. It ensures that there are no undisclosed liens, mortgages, or any other adverse claims that may affect the property's ownership. There are several types of Jersey City New Jersey Warranty Deed from Corporation to Corporation, each catering to specific scenarios or needs: 1. General Warranty Deed: This deed offers the broadest and strongest form of protection to the receiving corporation by guaranteeing the title against all prior claims, whether arising from the transferring corporation or any previous owners. 2. Special Warranty Deed: This type of deed carries a more limited guarantee compared to a general warranty deed. It only protects against claims or encumbrances that occurred during the transferring corporation's ownership, excluding any prior claims. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed may also be used for transferring property between corporations. Unlike the warranty deeds, it does not guarantee the title but rather transfers whatever interest the transferring corporation has in the property, if any. 4. Bargain and Sale Deed: This type of deed is commonly used in foreclosure or tax sale situations. It does not include warranties but implies the transferring corporation's ownership and right to convey the property. When executing a Jersey City New Jersey Warranty Deed from Corporation to Corporation, it is essential to consult legal professionals who specialize in real estate transactions to ensure compliance with local laws and regulations. Properly executed warranty deeds provide security and peace of mind to the corporation receiving the property, establishing a clear chain of title for the transferred real estate.

A Jersey City New Jersey Warranty Deed from Corporation to Corporation is a legal document that transfers ownership of real estate from one corporation to another. It guarantees that the transfer of property is free from any encumbrances, defects, or claims, providing protection to the receiving corporation. In this type of warranty deed, the transferring corporation covenants that it holds clear and marketable title to the property being conveyed. It ensures that there are no undisclosed liens, mortgages, or any other adverse claims that may affect the property's ownership. There are several types of Jersey City New Jersey Warranty Deed from Corporation to Corporation, each catering to specific scenarios or needs: 1. General Warranty Deed: This deed offers the broadest and strongest form of protection to the receiving corporation by guaranteeing the title against all prior claims, whether arising from the transferring corporation or any previous owners. 2. Special Warranty Deed: This type of deed carries a more limited guarantee compared to a general warranty deed. It only protects against claims or encumbrances that occurred during the transferring corporation's ownership, excluding any prior claims. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed may also be used for transferring property between corporations. Unlike the warranty deeds, it does not guarantee the title but rather transfers whatever interest the transferring corporation has in the property, if any. 4. Bargain and Sale Deed: This type of deed is commonly used in foreclosure or tax sale situations. It does not include warranties but implies the transferring corporation's ownership and right to convey the property. When executing a Jersey City New Jersey Warranty Deed from Corporation to Corporation, it is essential to consult legal professionals who specialize in real estate transactions to ensure compliance with local laws and regulations. Properly executed warranty deeds provide security and peace of mind to the corporation receiving the property, establishing a clear chain of title for the transferred real estate.