A Bronx New York Warranty Deed from a Corporation to Two Individuals is a legal document that transfers ownership of property from a corporation to two individuals while ensuring that the corporation guarantees the property is free from any defects or claims. This type of transfer is commonly used when a business entity wishes to sell or transfer its real estate holdings to specific individuals. A warranty deed is a legally binding instrument of conveyance that provides a guarantee or warranty, from the corporation who is transferring the property, to the two individuals receiving the property. It assures the individuals that the corporation has the legal right to sell the property and that the property is free from any encumbrances or claims. The contents of the Bronx New York Warranty Deed from Corporation to Two Individuals include: 1. Identification: The deed starts by providing the names, addresses, and roles of the parties involved — the corporation as the grantor and the two individuals as the grantees. 2. Property Description: It contains a detailed description of the property being transferred, including the legal description, address, lot number, and other relevant identifying information. The property may be a residential, commercial, or vacant land. 3. Consideration: The deed mentions the amount of money, valuables, or any other consideration exchanged between the corporation and the two individuals for the property transfer. 4. Corporation's Ownership Representation: The corporation provides a clause stating that it is the sole owner of the property and has the authority to convey the property to the individuals. This ensures that the individuals receive clear title to the property. 5. Warranty Clause: The deed includes a warranty clause where the corporation guarantees that the property is free from any defects, claims, liens, or encumbrances. If any such issues arise, the corporation is responsible for compensating the individuals for the damages incurred. 6. Execution and Notarization: The deed is signed by the authorized representative of the corporation, and the signatures of the two individuals, witnessing the parties' willingness to proceed with the transfer. A licensed notary public will then authenticate the signatures. Types of Bronx New York Warranty Deed from Corporation to Two Individuals may include: 1. General Warranty Deed: Provides the highest level of assurance to the individuals by guaranteeing the property against any defects, claims, or encumbrances from any previous owners. 2. Special Warranty Deed: Similar to a General Warranty Deed but offers only limited warranties that cover the period during which the corporation owned the property, excluding any claims or encumbrances from prior ownership. 3. Quitclaim Deed: Transfers the corporation's ownership rights in the property to the individuals without any warranties. The corporation does not guarantee against any claims or issues that may exist on the property. In conclusion, a Bronx New York Warranty Deed from Corporation to Two Individuals is a legal document that transfers property ownership with a guarantee from the corporation to the individuals. It protects the individuals by ensuring the property is free from any defects or claims, and it comes in various types, including General Warranty Deed, Special Warranty Deed, and Quitclaim Deed.
Bronx New York Warranty Deed from Corporation to Two Individuals
Description
How to fill out Bronx New York Warranty Deed From Corporation To Two Individuals?
Benefit from the US Legal Forms and have instant access to any form sample you require. Our beneficial platform with a large number of templates simplifies the way to find and get virtually any document sample you will need. It is possible to export, fill, and certify the Bronx New York Warranty Deed from Corporation to Two Individuals in a couple of minutes instead of browsing the web for several hours searching for the right template.
Using our library is a wonderful way to raise the safety of your form filing. Our professional legal professionals regularly review all the records to ensure that the templates are appropriate for a particular state and compliant with new laws and polices.
How can you get the Bronx New York Warranty Deed from Corporation to Two Individuals? If you already have a profile, just log in to the account. The Download option will be enabled on all the documents you look at. In addition, you can find all the previously saved files in the My Forms menu.
If you haven’t registered an account yet, stick to the instructions listed below:
- Open the page with the template you require. Make sure that it is the template you were looking for: check its headline and description, and make use of the Preview option if it is available. Otherwise, make use of the Search field to find the needed one.
- Launch the saving process. Click Buy Now and choose the pricing plan that suits you best. Then, create an account and process your order utilizing a credit card or PayPal.
- Save the file. Select the format to get the Bronx New York Warranty Deed from Corporation to Two Individuals and modify and fill, or sign it according to your requirements.
US Legal Forms is one of the most significant and trustworthy document libraries on the internet. We are always ready to help you in virtually any legal process, even if it is just downloading the Bronx New York Warranty Deed from Corporation to Two Individuals.
Feel free to benefit from our form catalog and make your document experience as convenient as possible!
Form popularity
FAQ
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
As in other states, a New York quitclaim deed is a type of deed that conveys all of the legal rights to the property that the grantor has. The grantor is the person conveying the property, and the grantee is the person receiving the property.
Property owners in New York state cannot add or change a name on a deed or title. Instead, they must file a new deed reflecting the change. However, if there is an error on the document, they can file a correction deed. A correction deed does not convey title ? it simply perfects the original deed.
A New York general warranty deed, also known as a ?deed with full covenants,? is a document used to transfer the ownership of real estate. The deed provides a warranty from the seller (grantor) that the title is clean, and that if any unforeseen claims to it arise, the seller will defend the buyer.
The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
General warranty deed: A general warranty deed is the most common type of deed used to transfer fee simple ownership of a property. Unlike a quitclaim deed, a general warranty deed does confirm a grantor's ownership and a legal right to sell.
A quitclaim deed transfers the title of a property from one person to another, with little to no buyer protection. The grantor, the person giving away the property, gives their current deed to the grantee, the person receiving the property. The title is transferred without any amendments or additions.
Yes you can. This is called a transfer of equity but you will need the permission of your lender.
By Practical Law Real Estate. A deed transferring title and legal interest in real property from the grantor to the grantee with full covenants and warranties.
?Adding someone to a deed? means transferring ownership to that person. The transfer of ownership can occur during life (with a regular quitclaim deed, for example) or at death (using a lady bird deed, transfer-on-death-deed, or life estate deed).
More info
New York City Real Estate Agents, Brokers, Sales Representatives, Landlords, Property Management Companies, and Mortgage Brokers/Dealers. Find a property agent, broker or agent's representative who can match you with the right agent for each specific kind of real estate you are thinking of buying, building or selling. Do you have a question about a home in New York NY that you've searched for long, but haven't found exactly? Used to find the best real estate agent, seller or seller representative in your market. All our agents have the “PRIDE of being a real estate agent on their website. They know the market. They have knowledge. “ On their website. They know the market. They have knowledge. Need professional help preparing for your real estate transaction? Use today, and you will get the service you want and the right amount. It's easy to use, and we'll do it for only a week. You want the best real estate agent for your property? Call.
Disclaimer
The materials in this section are taken from public sources. We disclaim all representations or any warranties, express or implied, as to the accuracy, authenticity, reliability, accessibility, adequacy, or completeness of any data in this paragraph. Nevertheless, we make every effort to cite public sources deemed reliable and trustworthy.