Paterson New Jersey Deed Between Married Couple and Corporation

• Category: New Jersey Court Samples - Real Estate - Deeds
• State: New Jersey
• City: Paterson
• Control #: NJ-CC-031
• Format: PDF

Description

Deed Between Married Couple and Corporation A Paterson New Jersey Deed Between Married Couple and Corporation refers to a legal document that establishes the transfer of property ownership from a married couple to a corporation in Paterson, New Jersey. This type of deed is commonly used when a couple wishes to transfer ownership of a property they own jointly to a corporation they either own or are affiliated with. There are several subtypes or variations of Paterson New Jersey Deeds Between Married Couple and Corporation, each serving a specific purpose. These include: 1. General Warranty Deed: This is a commonly used deed that provides the highest level of protection to the corporation acquiring the property. It guarantees that the married couple legally owns the property, and that there are no undisclosed encumbrances or claims against it. 2. Special Warranty Deed: This type of deed also assures the corporation that the married couple holds legal ownership of the property, but with a limited warranty. It means that the couple guarantees against any encumbrances or claims only during their period of ownership, and not before. 3. Quitclaim Deed: Unlike the warranty deeds mentioned above, a quitclaim deed does not provide any warranties or guarantees to the corporation. It simply transfers any ownership rights the married couple has in the property to the corporation, without making any claims about the property's title or history. 4. Grant Deed: This type of deed transfers the property from the married couple to the corporation and guarantees that the couple has not transferred or encumbered the property to anyone else. However, it does not protect against any claims that may arise from previous owners. A Paterson New Jersey Deed Between Married Couple and Corporation typically includes vital information such as the names and addresses of the married couple and the corporation, a legal description of the property being transferred, the purchase price or consideration amount, and any specific provisions or agreements related to the transfer. It is important to consult with a qualified attorney or real estate professional when drafting or executing a Paterson New Jersey Deed Between Married Couple and Corporation to ensure compliance with local laws and regulations.

A Paterson New Jersey Deed Between Married Couple and Corporation refers to a legal document that establishes the transfer of property ownership from a married couple to a corporation in Paterson, New Jersey. This type of deed is commonly used when a couple wishes to transfer ownership of a property they own jointly to a corporation they either own or are affiliated with. There are several subtypes or variations of Paterson New Jersey Deeds Between Married Couple and Corporation, each serving a specific purpose. These include: 1. General Warranty Deed: This is a commonly used deed that provides the highest level of protection to the corporation acquiring the property. It guarantees that the married couple legally owns the property, and that there are no undisclosed encumbrances or claims against it. 2. Special Warranty Deed: This type of deed also assures the corporation that the married couple holds legal ownership of the property, but with a limited warranty. It means that the couple guarantees against any encumbrances or claims only during their period of ownership, and not before. 3. Quitclaim Deed: Unlike the warranty deeds mentioned above, a quitclaim deed does not provide any warranties or guarantees to the corporation. It simply transfers any ownership rights the married couple has in the property to the corporation, without making any claims about the property's title or history. 4. Grant Deed: This type of deed transfers the property from the married couple to the corporation and guarantees that the couple has not transferred or encumbered the property to anyone else. However, it does not protect against any claims that may arise from previous owners. A Paterson New Jersey Deed Between Married Couple and Corporation typically includes vital information such as the names and addresses of the married couple and the corporation, a legal description of the property being transferred, the purchase price or consideration amount, and any specific provisions or agreements related to the transfer. It is important to consult with a qualified attorney or real estate professional when drafting or executing a Paterson New Jersey Deed Between Married Couple and Corporation to ensure compliance with local laws and regulations.