This form is a Warranty Deed where the Grantor is an Individual and the Grantees are two Individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property as joint tenants with the right of survivorship or as tenants in common. This deed complies with all state statutory laws.
A warranty deed is a legal document that transfers ownership of a property from an individual to two individuals in Elizabeth, New Jersey. This type of deed provides a guarantee or warranty by the seller that they have the lawful right to sell the property and that there are no undisclosed liens or encumbrances on the property. The Elizabeth New Jersey Warranty Deed — Individual to Two Individuals establishes a legally binding agreement between the seller and the two individuals receiving the property. This document includes essential information such as the names and addresses of the seller and the two individuals, a detailed description of the property, and the specific terms and conditions of the transfer. One type of Elizabeth New Jersey Warranty Deed — Individual to Two Individuals is the General Warranty Deed. This deed guarantees that the seller holds clear title to the property and will defend against any claims made against it. It offers maximum protection to the individuals receiving the property, as it covers both past and future claims. Another type is the Special or Limited Warranty Deed. This deed guarantees that the seller holds clear title to the property but provides limited protection to the individuals receiving the property. It only covers claims that arise during the seller's ownership of the property and does not extend to any previous claims. To execute the Elizabeth New Jersey Warranty Deed — Individual to Two Individuals, both the seller and the two individuals must sign the document in the presence of a notary public. This ensures the legal validity of the deed and prevents any disputes in the future. In conclusion, the Elizabeth New Jersey Warranty Deed — Individual to Two Individuals is a legal agreement that transfers ownership of a property from an individual to two individuals. It provides a guarantee of clear title and protects the recipients from any undisclosed claims or encumbrances. The two main types of warranty deeds are the General Warranty Deed and the Special Warranty Deed, each offering varying levels of protection.
