Suffolk New York Warranty Deed from Corporation to Corporation

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• County: Suffolk
• Control #: NY-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 Suffolk New York Warranty Deed from Corporation to Corporation is a legal document that serves as a proof of ownership transfer of real property between two corporations based in Suffolk County, New York. This type of deed provides the buyer corporation with a guarantee, or "warranty," that the property being transferred is free from any liens, encumbrances, or title defects, except those explicitly mentioned in the deed. The Suffolk New York Warranty Deed from Corporation to Corporation ensures that the seller corporation fully guarantees the title to the property and will defend the buyer corporation against any third-party claims related to the title. It offers a higher level of protection compared to other types of deeds, such as quitclaim deeds, that do not guarantee the title. The key elements included in a Suffolk New York Warranty Deed from Corporation to Corporation are: 1. Parties Involved: The names and contact information of the selling corporation (granter) and the purchasing corporation (grantee) should be clearly stated. 2. Legal Description: A detailed description of the property being transferred, including its physical address, Suffolk County tax map number, and boundaries. 3. Consideration: The amount paid or agreed upon for the property transfer, also known as the purchase price. 4. Warranties: A section that outlines the warranties and guarantees given by the seller corporation, which typically includes statements such as the property being free from liens, encumbrances, defects, and adverse claims. 5. Covenants: Specific promises made by the seller corporation regarding the title, typically covering matters like payment of property taxes and adherence to relevant laws and regulations. 6. Signatures: Both the granter and grantee corporation representatives should sign the deed in the presence of a notary public to validate its execution. Although the Suffolk New York Warranty Deed from Corporation to Corporation primarily guarantees the title, there are variations based on specific situations or conditions. These variations include: — General Warranty Deed: A warranty deed that offers the highest level of protection, guaranteeing the title against any claims that may arise from both past and future events. — Special Warranty Deed: A warranty deed that ensures the title against any claims arising only during the granter corporation's ownership period, excluding any claims or defects that predate their ownership. — Limited Warranty Deed: A warranty deed that provides protection for a specific set of issues or specified time frame agreed upon between the parties, usually limited to the granter corporation's ownership period. In conclusion, a Suffolk New York Warranty Deed from Corporation to Corporation is a legally binding document that ensures a corporation purchasing property in Suffolk County, New York, receives a guarantee of title. It provides a higher level of assurance compared to other types of deeds and offers protection against title defects, liens, and encumbrances.

A Suffolk New York Warranty Deed from Corporation to Corporation is a legal document that serves as a proof of ownership transfer of real property between two corporations based in Suffolk County, New York. This type of deed provides the buyer corporation with a guarantee, or "warranty," that the property being transferred is free from any liens, encumbrances, or title defects, except those explicitly mentioned in the deed. The Suffolk New York Warranty Deed from Corporation to Corporation ensures that the seller corporation fully guarantees the title to the property and will defend the buyer corporation against any third-party claims related to the title. It offers a higher level of protection compared to other types of deeds, such as quitclaim deeds, that do not guarantee the title. The key elements included in a Suffolk New York Warranty Deed from Corporation to Corporation are: 1. Parties Involved: The names and contact information of the selling corporation (granter) and the purchasing corporation (grantee) should be clearly stated. 2. Legal Description: A detailed description of the property being transferred, including its physical address, Suffolk County tax map number, and boundaries. 3. Consideration: The amount paid or agreed upon for the property transfer, also known as the purchase price. 4. Warranties: A section that outlines the warranties and guarantees given by the seller corporation, which typically includes statements such as the property being free from liens, encumbrances, defects, and adverse claims. 5. Covenants: Specific promises made by the seller corporation regarding the title, typically covering matters like payment of property taxes and adherence to relevant laws and regulations. 6. Signatures: Both the granter and grantee corporation representatives should sign the deed in the presence of a notary public to validate its execution. Although the Suffolk New York Warranty Deed from Corporation to Corporation primarily guarantees the title, there are variations based on specific situations or conditions. These variations include: — General Warranty Deed: A warranty deed that offers the highest level of protection, guaranteeing the title against any claims that may arise from both past and future events. — Special Warranty Deed: A warranty deed that ensures the title against any claims arising only during the granter corporation's ownership period, excluding any claims or defects that predate their ownership. — Limited Warranty Deed: A warranty deed that provides protection for a specific set of issues or specified time frame agreed upon between the parties, usually limited to the granter corporation's ownership period. In conclusion, a Suffolk New York Warranty Deed from Corporation to Corporation is a legally binding document that ensures a corporation purchasing property in Suffolk County, New York, receives a guarantee of title. It provides a higher level of assurance compared to other types of deeds and offers protection against title defects, liens, and encumbrances.