This form is a Warranty Deed where the grantor is an individual and the grantees are two individuals. Grantor conveys and warrants the described property to grantees. Grantees take the property as joint tenants with the right of survivorship, tenants by the entireties or tenants in common. This deed complies with all state statutory laws.
A Suffolk New York Warranty Deed — One Individual to Two Individuals is a legal document that transfers ownership of a property from one person to two individuals, ensuring that the property being transferred is free from any encumbrances or title defects. This type of deed provides certain assurances and protections to the buyers, known as grantees, guaranteeing that they will have clear and marketable title to the property. The Suffolk New York Warranty Deed — One Individual to Two Individuals is commonly used when a property is being transferred from a sole owner to multiple individuals, such as spouses, family members, or business partners. This deed allows for a seamless transfer of ownership rights, ensuring that the interests of both buyers are protected. The key feature of a warranty deed is the warranty of title. This means that the granter, the person transferring the property, guarantees that they own the property and have the legal authority to transfer it. They also promise that the property is free from any liens, claims, or encumbrances, except for those specifically disclosed in the deed. It is important to note that there are different variations of the Suffolk New York Warranty Deed — One Individual to Two Individuals, such as: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantees. The granter warranties against any title defects, even those that may have arisen before the granter acquired the property. 2. Special Warranty Deed: In this case, the granter only warrants against title defects or encumbrances that occurred during their ownership of the property. They do not provide warranties for any defects or encumbrances that existed prior to their ownership. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed is often used in cases where the granter wants to transfer their interest in a property without making any warranties or guarantees. This type of deed provides the lowest level of protection to the grantees, as it only transfers the granter's interest in the property, without any warranties regarding title. In conclusion, a Suffolk New York Warranty Deed — One Individual to Two Individuals is a legally binding document that transfers ownership of a property from one person to two individuals in Suffolk County, New York. It provides the grantees with assurances and protections, ensuring that they have clear and marketable title to the property being transferred. Different variations of this deed exist, including the General Warranty Deed, Special Warranty Deed, and Quitclaim Deed, each offering varying levels of warranty and protection to the grantees.
