This form is a Warranty Deed where the four individual grantors convey to five individual grantees. Grantors convey and warrant the described property to grantees with covenants of warranty. This deed complies with all state statutory laws.
Yonkers New York Warranty Deed — Four Individuals to Five Individuals, also known as a conveyance deed, is a legal document used to transfer ownership of a property from four individuals to five individuals in Yonkers, New York. This type of deed provides assurance that the property is free from any liens, encumbrances, or claims that may arise from the previous owners. Key Features of Yonkers New York Warranty Deed — Four Individuals to Five Individuals: 1. Granters and Grantees: The deed will specifically identify the four individuals who are granting the property (granters) and the five individuals who are receiving the property (grantees). Their full names, addresses, and signatures will be included in the deed. 2. Property Description: The deed will contain a detailed description of the property being transferred. This includes the address, lot number, and any other relevant information to accurately identify the property. 3. Warranty of Title: The deed includes a warranty clause stating that the granters have legal ownership of the property and have the right to transfer it. They guarantee that the property is free from any undisclosed debts, claims, or disputes. 4. Consideration: The deed will state the consideration, which is the exchange of value for the property. This can be in the form of money, services, or any other agreement made between the parties involved. 5. Signatures and Notarization: The deed must be signed by all parties involved, including both the granters and grantees. Additionally, it must be notarized to ensure the authenticity of the signatures. Different types of Yonkers New York Warranty Deed — Four Individuals to Five Individuals: 1. Joint Tenants with Right of Survivorship: In this type of deed, all five individuals will have an equal and undivided ownership interest in the property. If one of the individuals passes away, their interest automatically transfers to the remaining owners. 2. Tenants in Common: With this deed, the five individuals will each have a specific percentage of ownership in the property, which does not have to be equal. Each person has the right to sell or pass on their ownership interest to others. 3. Tenants by the Entirety: This type of deed is typically used when the five individuals are married couples. It provides them with joint ownership, and they are considered one legal unit. If one spouse passes away, the surviving spouse automatically becomes the sole owner. In conclusion, the Yonkers New York Warranty Deed — Four Individuals to Five Individuals is a legal document that facilitates the transfer of property ownership. It ensures that the property being transferred is free from any undisclosed debts or claims. Different variations of this deed include Joint Tenants with Right of Survivorship, Tenants in Common, and Tenants by the Entirety.Yonkers New York Warranty Deed — Four Individuals to Five Individuals, also known as a conveyance deed, is a legal document used to transfer ownership of a property from four individuals to five individuals in Yonkers, New York. This type of deed provides assurance that the property is free from any liens, encumbrances, or claims that may arise from the previous owners. Key Features of Yonkers New York Warranty Deed — Four Individuals to Five Individuals: 1. Granters and Grantees: The deed will specifically identify the four individuals who are granting the property (granters) and the five individuals who are receiving the property (grantees). Their full names, addresses, and signatures will be included in the deed. 2. Property Description: The deed will contain a detailed description of the property being transferred. This includes the address, lot number, and any other relevant information to accurately identify the property. 3. Warranty of Title: The deed includes a warranty clause stating that the granters have legal ownership of the property and have the right to transfer it. They guarantee that the property is free from any undisclosed debts, claims, or disputes. 4. Consideration: The deed will state the consideration, which is the exchange of value for the property. This can be in the form of money, services, or any other agreement made between the parties involved. 5. Signatures and Notarization: The deed must be signed by all parties involved, including both the granters and grantees. Additionally, it must be notarized to ensure the authenticity of the signatures. Different types of Yonkers New York Warranty Deed — Four Individuals to Five Individuals: 1. Joint Tenants with Right of Survivorship: In this type of deed, all five individuals will have an equal and undivided ownership interest in the property. If one of the individuals passes away, their interest automatically transfers to the remaining owners. 2. Tenants in Common: With this deed, the five individuals will each have a specific percentage of ownership in the property, which does not have to be equal. Each person has the right to sell or pass on their ownership interest to others. 3. Tenants by the Entirety: This type of deed is typically used when the five individuals are married couples. It provides them with joint ownership, and they are considered one legal unit. If one spouse passes away, the surviving spouse automatically becomes the sole owner. In conclusion, the Yonkers New York Warranty Deed — Four Individuals to Five Individuals is a legal document that facilitates the transfer of property ownership. It ensures that the property being transferred is free from any undisclosed debts or claims. Different variations of this deed include Joint Tenants with Right of Survivorship, Tenants in Common, and Tenants by the Entirety.
