Yonkers New York Warranty Deed from two Individuals to Corporation

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• City: Yonkers
• Control #: NY-05-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A Yonkers New York Warranty Deed from two Individuals to Corporation refers to a legal document that transfers ownership of a property from two individuals to a corporation. This type of deed is commonly utilized when individuals decide to sell their property and transfer its ownership rights to a corporation entity. It is important to understand that in Yonkers, New York, there may be variations and different types of warranty deeds. Let's explore them: 1. General Warranty Deed: This is the most common type of warranty deed used in Yonkers, New York. It guarantees that the property is free from any encumbrances or defects that may affect the title, both within the deed's granter's ownership and prior to their ownership. 2. Special Warranty Deed: Also known as a Limited Warranty Deed, this type of deed guarantees that the granter has not created any encumbrances on the property during their ownership period. It only covers defects or encumbrances that occurred during the granter's ownership, providing limited warranty protection. 3. Bargain and Sale Deed: This type of deed doesn't provide a warranty. It simply implies that the granter possesses the right to transfer the property without any undisclosed or previously unknown defects. It's commonly used in foreclosure sales or tax sales. When drafting a Yonkers New York Warranty Deed from two Individuals to Corporation, several crucial elements should be included: 1. Names and addresses: The full legal names and addresses of both granters (individuals) and the corporation must be clearly stated to identify the parties involved in the transaction. 2. Property description: A detailed and accurate description of the property should be provided, including its physical boundaries, street address, and any other relevant identifying information. 3. Consideration: The amount of money or value exchanged in return for the transfer of ownership needs to be specified. It can also state that the transfer is for other forms of consideration, such as stocks or assets. 4. Covenants: The deed should explicitly state the covenants provided by the granter, which typically include an assurance that the property is free from encumbrances and that the granter has the legal authority to convey the property to the corporation. 5. Signature and notarization: The deed should be signed by both individuals as granters and duly authorized representatives of the corporation. Additionally, the signature should be notarized for authentication purposes. 6. Recording information: It is crucial to include information about the county clerk's office where the deed will be recorded, such as the office's name and address. This ensures that the transfer of ownership is properly documented in public records. When dealing with real estate transactions, it is highly advisable to consult with an experienced attorney or a qualified real estate professional to ensure compliance with local laws and regulations specific to Yonkers, New York.

A Yonkers New York Warranty Deed from two Individuals to Corporation refers to a legal document that transfers ownership of a property from two individuals to a corporation. This type of deed is commonly utilized when individuals decide to sell their property and transfer its ownership rights to a corporation entity. It is important to understand that in Yonkers, New York, there may be variations and different types of warranty deeds. Let's explore them: 1. General Warranty Deed: This is the most common type of warranty deed used in Yonkers, New York. It guarantees that the property is free from any encumbrances or defects that may affect the title, both within the deed's granter's ownership and prior to their ownership. 2. Special Warranty Deed: Also known as a Limited Warranty Deed, this type of deed guarantees that the granter has not created any encumbrances on the property during their ownership period. It only covers defects or encumbrances that occurred during the granter's ownership, providing limited warranty protection. 3. Bargain and Sale Deed: This type of deed doesn't provide a warranty. It simply implies that the granter possesses the right to transfer the property without any undisclosed or previously unknown defects. It's commonly used in foreclosure sales or tax sales. When drafting a Yonkers New York Warranty Deed from two Individuals to Corporation, several crucial elements should be included: 1. Names and addresses: The full legal names and addresses of both granters (individuals) and the corporation must be clearly stated to identify the parties involved in the transaction. 2. Property description: A detailed and accurate description of the property should be provided, including its physical boundaries, street address, and any other relevant identifying information. 3. Consideration: The amount of money or value exchanged in return for the transfer of ownership needs to be specified. It can also state that the transfer is for other forms of consideration, such as stocks or assets. 4. Covenants: The deed should explicitly state the covenants provided by the granter, which typically include an assurance that the property is free from encumbrances and that the granter has the legal authority to convey the property to the corporation. 5. Signature and notarization: The deed should be signed by both individuals as granters and duly authorized representatives of the corporation. Additionally, the signature should be notarized for authentication purposes. 6. Recording information: It is crucial to include information about the county clerk's office where the deed will be recorded, such as the office's name and address. This ensures that the transfer of ownership is properly documented in public records. When dealing with real estate transactions, it is highly advisable to consult with an experienced attorney or a qualified real estate professional to ensure compliance with local laws and regulations specific to Yonkers, New York.