This form is a Special Warranty Deed where the Grantor is and individual and the Grantees are husband and wife. Grantor conveys and specially warrants the described property to the Grantees. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A special warranty deed is a legal document used in real estate transactions to transfer property ownership from an individual to a husband and wife in the Bronx, New York. This type of deed provides certain warranties to the new owners, known as grantees. It guarantees that the granter, the individual selling the property, has not done anything to negatively impact the title during their ownership, except for a few specific exceptions. The special warranty deed — individual to husband and wife in the Bronx, New York, is typically used when a married couple wishes to purchase property together. This deed ensures that the granter will defend against any claims arising from their ownership of the property. However, it only offers limited protection compared to other types of deeds, such as general warranty deeds. This special warranty deed clearly identifies the granter and grantee, providing their full legal names and marital status. It also contains a detailed description of the property being transferred, including the property's boundaries, address, and any relevant parcel numbers or legal descriptions. This ensures that the specific piece of real estate being conveyed is accurately identified. In the Bronx, New York, there may be different variations of the special warranty deed — individual to husband and wife, depending on specific circumstances. For example: 1. Special Warranty Deed — Individual to Husband and Wife with Survivorship Rights: This type of special warranty deed ensures that if one spouse passes away, the surviving spouse automatically inherits the deceased spouse's share of the property, without the need for probate. 2. Special Warranty Deed — Individual to Husband and Wife as Tenants in Common: With this variation, the property ownership is divided equally between the husband and wife. If one spouse were to pass away, their share would not automatically transfer to the surviving spouse but would be passed down to their heirs as stated in their will or determined by applicable state laws. 3. Special Warranty Deed — Individual to Husband and Wife as Joint Tenants with Right of Survivorship: This deed grants equal ownership rights to both spouses, and in the event of one spouse's death, the surviving spouse automatically inherits the deceased spouse's share of the property. It is important to consult with a qualified real estate attorney when considering any type of special warranty deed — individual to husband and wife in the Bronx, New York, to ensure that the deed accurately reflects the intended ownership and rights of the granter and grantee.
