Kings Deed

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• County: Kings
• Control #: NY-SDEED-8-8
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantor is an individual and the grantees are three individuals holding title as joint tenants. A Kings New York Warranty Deed from Individual to Three Individuals as Joint Tenants is a legal document that effectively transfers property ownership from one individual to three individuals, who will hold the property as joint tenants. This type of deed ensures that each joint tenant has an equal share and interest in the property. In this deed, the individual (granter) voluntarily conveys and warrants the property to the three individuals (grantees) with a guarantee that they solely own the property and have the right to possess and use it. The deed also promises that the property is free from any encumbrances, liens, or claims unless explicitly stated in the deed. The keyword "Kings New York" indicates that this warranty deed is specifically meant for properties located in Kings County, New York. It is crucial to ensure compliance with the county's specific requirements when creating and recording this document. The purpose of specifying "individuals" in the deed is to define the granters and grantees involved in the property transfer. The granter is the current owner of the property, while the grantees are the three individuals who will become joint tenants. The term "joint tenants" signifies the shared ownership of the property among the three individuals. Joint tenancy holds several important characteristics: 1. Right of Survivorship: This means that if one of the joint tenants passes away, their ownership interest automatically transfers to the surviving joint tenants, rather than being inherited by their heirs. 2. Equal Interest: Each joint tenant has an equal share in the property, regardless of their initial contributions or investments. This ensures that all three individuals have the same rights and responsibilities. 3. Unity of Possession: All joint tenants have the right to possess and use the entire property, not just a specific portion. Each tenant has the right to occupy and enjoy any part of the property. 4. Unity of Time: Each joint tenant must acquire their ownership interest at the same time. The deed will clearly state that the three individuals acquire the property simultaneously. It's important to note that although this content is a general description of a Kings New York Warranty Deed from Individual to Three Individuals as Joint Tenants, there might be variations or specific types based on the unique circumstances of the property transfer. These could include additional terms, conditions, or legal requirements that must be addressed in the deed.

A Kings New York Warranty Deed from Individual to Three Individuals as Joint Tenants is a legal document that effectively transfers property ownership from one individual to three individuals, who will hold the property as joint tenants. This type of deed ensures that each joint tenant has an equal share and interest in the property. In this deed, the individual (granter) voluntarily conveys and warrants the property to the three individuals (grantees) with a guarantee that they solely own the property and have the right to possess and use it. The deed also promises that the property is free from any encumbrances, liens, or claims unless explicitly stated in the deed. The keyword "Kings New York" indicates that this warranty deed is specifically meant for properties located in Kings County, New York. It is crucial to ensure compliance with the county's specific requirements when creating and recording this document. The purpose of specifying "individuals" in the deed is to define the granters and grantees involved in the property transfer. The granter is the current owner of the property, while the grantees are the three individuals who will become joint tenants. The term "joint tenants" signifies the shared ownership of the property among the three individuals. Joint tenancy holds several important characteristics: 1. Right of Survivorship: This means that if one of the joint tenants passes away, their ownership interest automatically transfers to the surviving joint tenants, rather than being inherited by their heirs. 2. Equal Interest: Each joint tenant has an equal share in the property, regardless of their initial contributions or investments. This ensures that all three individuals have the same rights and responsibilities. 3. Unity of Possession: All joint tenants have the right to possess and use the entire property, not just a specific portion. Each tenant has the right to occupy and enjoy any part of the property. 4. Unity of Time: Each joint tenant must acquire their ownership interest at the same time. The deed will clearly state that the three individuals acquire the property simultaneously. It's important to note that although this content is a general description of a Kings New York Warranty Deed from Individual to Three Individuals as Joint Tenants, there might be variations or specific types based on the unique circumstances of the property transfer. These could include additional terms, conditions, or legal requirements that must be addressed in the deed.