Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals

• Category: New Mexico Real Estate - Deeds - Warranty
• State: New Mexico
• City: Las Cruces
• Control #: NM-014-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants the described property to Grantees 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 Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals is a legal document that verifies the transfer of property ownership from a corporation to two individual parties. This deed serves as proof of the corporation's assurance that it holds clear title to the property and guarantees that there are no undisclosed liens, encumbrances, or claims that could affect the property's ownership. The Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals can be categorized into two types based on the warranty provisions: 1. General Warranty Deed: This type of deed offers the highest level of protection to the buyers (two individuals) as it includes a full warranty of title. The corporation guarantees that it holds clear title to the property and will defend the buyers against any future claims or disputes related to the property's ownership. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed offers limited protection to the buyers. The corporation only warrants that it holds clear title for the duration of its ownership, rather than guaranteeing against any prior claims or disputes. This type of deed is commonly used when the corporation acquired the property through acquisition or merger and cannot provide extended warranties for previous ownership. A Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals includes the following essential information: 1. Names and addresses of both parties: The full legal names and addresses of the corporation transferring the property and the two individuals receiving the ownership rights. 2. Property description: A detailed description of the property being transferred, including its physical address, legal description, lot number, and any relevant survey information. 3. Consideration: The agreed-upon monetary or non-monetary compensation exchanged between the corporation and the two individuals for the transfer of ownership. 4. General warranty clause: In case of a General Warranty Deed, this clause affirms that the corporation holds clear title to the property, free from any undisclosed liens, encumbrances, or claims that could affect ownership. 5. Special warranty clause: In case of a Special Warranty Deed, this clause states that the corporation will defend against any claims or disputes arising during the period of its ownership, but cannot guarantee against prior claims. 6. Execution and notarization: The document must be signed and dated by authorized representatives of the corporation and the two individuals. It should also be notarized to ensure its legal validity. Executing a Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals requires strict adherence to New Mexico's real estate laws and regulations. It is advisable to consult with a qualified attorney or a real estate professional for guidance and ensuring proper completion of the deed.

A Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals is a legal document that verifies the transfer of property ownership from a corporation to two individual parties. This deed serves as proof of the corporation's assurance that it holds clear title to the property and guarantees that there are no undisclosed liens, encumbrances, or claims that could affect the property's ownership. The Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals can be categorized into two types based on the warranty provisions: 1. General Warranty Deed: This type of deed offers the highest level of protection to the buyers (two individuals) as it includes a full warranty of title. The corporation guarantees that it holds clear title to the property and will defend the buyers against any future claims or disputes related to the property's ownership. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed offers limited protection to the buyers. The corporation only warrants that it holds clear title for the duration of its ownership, rather than guaranteeing against any prior claims or disputes. This type of deed is commonly used when the corporation acquired the property through acquisition or merger and cannot provide extended warranties for previous ownership. A Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals includes the following essential information: 1. Names and addresses of both parties: The full legal names and addresses of the corporation transferring the property and the two individuals receiving the ownership rights. 2. Property description: A detailed description of the property being transferred, including its physical address, legal description, lot number, and any relevant survey information. 3. Consideration: The agreed-upon monetary or non-monetary compensation exchanged between the corporation and the two individuals for the transfer of ownership. 4. General warranty clause: In case of a General Warranty Deed, this clause affirms that the corporation holds clear title to the property, free from any undisclosed liens, encumbrances, or claims that could affect ownership. 5. Special warranty clause: In case of a Special Warranty Deed, this clause states that the corporation will defend against any claims or disputes arising during the period of its ownership, but cannot guarantee against prior claims. 6. Execution and notarization: The document must be signed and dated by authorized representatives of the corporation and the two individuals. It should also be notarized to ensure its legal validity. Executing a Las Cruces New Mexico Warranty Deed from Corporation to Two Individuals requires strict adherence to New Mexico's real estate laws and regulations. It is advisable to consult with a qualified attorney or a real estate professional for guidance and ensuring proper completion of the deed.