Bronx New York Warranty Deed from Individual to Individual

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• County: Bronx
• Control #: NY-02-78
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual and the Grantee is an individual. 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 Bronx New York Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real property located in the Bronx borough of New York City from one individual owner to another. This type of deed provides a guarantee or warranty that the seller legally owns the property and has the right to sell it, free from any liens, claims, or encumbrances. The Bronx New York Warranty Deed from Individual to Individual is an important legal instrument that ensures a secure transfer of property rights. It contains several key elements, including: 1. Parties Involved: The deed identifies both the granter (the individual selling the property) and the grantee (the individual purchasing the property). 2. Legal Property Description: The deed includes a detailed description of the property being transferred, including boundaries, lot numbers, and any relevant survey information. This ensures that the property is clearly identified and delineated. 3. Consideration: The deed includes the amount of money or other valuable consideration being exchanged between the parties for the property. This consideration serves as evidence of the transaction's validity. 4. Granting Clause: This clause is crucial as it explicitly states the granter's intention to convey the property to the grantee. It also specifies that the granter possesses legal title and has the authority to transfer ownership. 5. Covenants of Title: The warranty deed typically includes several covenants that provide assurances to the grantee. These covenants may include: a. Covenant of Basin: The granter guarantees that they own the property and have the right to sell it. b. Covenant against Encumbrances: The granter assures that there are no undisclosed liens or encumbrances on the property. c. Covenant of Quiet Enjoyment: The granter guarantees that the grantee's ownership and possession of the property will not be disturbed by other parties. d. Covenant of Further Assurance: The granter promises to provide any additional documents or actions necessary to perfect the grantee's title. Different types of Bronx New York Warranty Deeds from Individual to Individual may include: 1. General Warranty Deed: A general warranty deed provides the most extensive warranty and protection to the grantee. It includes all the covenants mentioned above and guarantees the grantee against any defects in title, even if they occurred before the granter acquired the property. 2. Limited or Special Warranty Deed: This type of warranty deed differs from a general warranty deed as it only guarantees the title against defects that occurred during the granter's ownership. It may not provide protection against defects that existed prior to the granter's ownership. 3. Quitclaim Deed: While not specifically a warranty deed, a quitclaim deed is another type of transfer document used in the Bronx. It conveys whatever interest the granter has in the property without making any warranties or guarantees. It is commonly used when the parties have a close relationship or when there is uncertainty about the property's title. In conclusion, a Bronx New York Warranty Deed from Individual to Individual is a legally binding document used to transfer real property ownership with various levels of warranty protection. It ensures the grantee receives clear and marketable title to the property, giving them peace of mind and legal security.

A Bronx New York Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real property located in the Bronx borough of New York City from one individual owner to another. This type of deed provides a guarantee or warranty that the seller legally owns the property and has the right to sell it, free from any liens, claims, or encumbrances. The Bronx New York Warranty Deed from Individual to Individual is an important legal instrument that ensures a secure transfer of property rights. It contains several key elements, including: 1. Parties Involved: The deed identifies both the granter (the individual selling the property) and the grantee (the individual purchasing the property). 2. Legal Property Description: The deed includes a detailed description of the property being transferred, including boundaries, lot numbers, and any relevant survey information. This ensures that the property is clearly identified and delineated. 3. Consideration: The deed includes the amount of money or other valuable consideration being exchanged between the parties for the property. This consideration serves as evidence of the transaction's validity. 4. Granting Clause: This clause is crucial as it explicitly states the granter's intention to convey the property to the grantee. It also specifies that the granter possesses legal title and has the authority to transfer ownership. 5. Covenants of Title: The warranty deed typically includes several covenants that provide assurances to the grantee. These covenants may include: a. Covenant of Basin: The granter guarantees that they own the property and have the right to sell it. b. Covenant against Encumbrances: The granter assures that there are no undisclosed liens or encumbrances on the property. c. Covenant of Quiet Enjoyment: The granter guarantees that the grantee's ownership and possession of the property will not be disturbed by other parties. d. Covenant of Further Assurance: The granter promises to provide any additional documents or actions necessary to perfect the grantee's title. Different types of Bronx New York Warranty Deeds from Individual to Individual may include: 1. General Warranty Deed: A general warranty deed provides the most extensive warranty and protection to the grantee. It includes all the covenants mentioned above and guarantees the grantee against any defects in title, even if they occurred before the granter acquired the property. 2. Limited or Special Warranty Deed: This type of warranty deed differs from a general warranty deed as it only guarantees the title against defects that occurred during the granter's ownership. It may not provide protection against defects that existed prior to the granter's ownership. 3. Quitclaim Deed: While not specifically a warranty deed, a quitclaim deed is another type of transfer document used in the Bronx. It conveys whatever interest the granter has in the property without making any warranties or guarantees. It is commonly used when the parties have a close relationship or when there is uncertainty about the property's title. In conclusion, a Bronx New York Warranty Deed from Individual to Individual is a legally binding document used to transfer real property ownership with various levels of warranty protection. It ensures the grantee receives clear and marketable title to the property, giving them peace of mind and legal security.