A warranty deed is a legal document that transfers ownership of real estate from one party to another. In the case of Las Cruces, New Mexico, a warranty deed from two individuals to a corporation signifies the transfer of real property rights from two individuals to a corporate entity based in Las Cruces, New Mexico. This type of property transfer provides certain assurances to the corporation regarding the title and ownership of the property being transferred. Las Cruces, New Mexico, offers various types of warranty deeds from two individuals to a corporation for specific situations. Some of these types include: 1. General Warranty Deed: This type of deed guarantees that the individuals granting the property to the corporation legally own it and have the right to transfer the property. It also ensures that there are no encumbrances on the property, except those explicitly stated in the deed. 2. Special Warranty Deed: Unlike the general warranty deed, a special warranty deed only guarantees the title against any defects or claims that arose during the time the individuals owned the property. It does not guarantee against defects or claims that existed prior to their ownership. 3. Quitclaim Deed: This type of deed conveys the individuals' interest in the property to the corporation without any warranties or guarantees. It simply transfers the individuals' rights to the property without any assurance about the ownership history or encumbrances on the property. When executing a Las Cruces, New Mexico warranty deed from two individuals to a corporation, it is crucial to consult with a qualified real estate attorney to understand the specific requirements and legal implications involved. This ensures a smooth and legally valid transfer of property ownership rights.
Las Cruces New Mexico Warranty Deed from two Individuals to Corporation
State:
New Mexico
City:
Las Cruces
Control #:
NM-05-78
Format:
Word;
Rich Text
Instant download
Description
This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A warranty deed is a legal document that transfers ownership of real estate from one party to another. In the case of Las Cruces, New Mexico, a warranty deed from two individuals to a corporation signifies the transfer of real property rights from two individuals to a corporate entity based in Las Cruces, New Mexico. This type of property transfer provides certain assurances to the corporation regarding the title and ownership of the property being transferred. Las Cruces, New Mexico, offers various types of warranty deeds from two individuals to a corporation for specific situations. Some of these types include: 1. General Warranty Deed: This type of deed guarantees that the individuals granting the property to the corporation legally own it and have the right to transfer the property. It also ensures that there are no encumbrances on the property, except those explicitly stated in the deed. 2. Special Warranty Deed: Unlike the general warranty deed, a special warranty deed only guarantees the title against any defects or claims that arose during the time the individuals owned the property. It does not guarantee against defects or claims that existed prior to their ownership. 3. Quitclaim Deed: This type of deed conveys the individuals' interest in the property to the corporation without any warranties or guarantees. It simply transfers the individuals' rights to the property without any assurance about the ownership history or encumbrances on the property. When executing a Las Cruces, New Mexico warranty deed from two individuals to a corporation, it is crucial to consult with a qualified real estate attorney to understand the specific requirements and legal implications involved. This ensures a smooth and legally valid transfer of property ownership rights.
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