Yonkers Deed

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• City: Yonkers
• Control #: NY-SDEED-8-9
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantors are four individuals and the grantees are two individuals holding title as tenants in common. A Yonkers, New York Warranty Deed for Four Individuals to Two Individuals as Tenants in Common is a legal document that transfers ownership of a property from four individuals to two individuals, while establishing a tenancy in common. This type of deed provides a guarantee that the property being transferred is free from any title defects and that the granters have the legal right to sell it. Here are relevant keywords and types of warranty deeds related to this scenario: Keywords: 1. Yonkers, New York: Refers to the specific location where the property is situated and the jurisdiction under which the transaction is governed. 2. Warranty Deed: A legally binding document that guarantees the seller's ownership rights and provides warranties against any title defects or encumbrances. 3. Four Individuals: Denotes the number of granters involved in the deed, indicating that the property is currently owned by four individuals. 4. Two Individuals: Indicates the number of grantees who will be the new owners of the property after the transfer. 5. Tenants in Common: Refers to the way in which the new owners will hold the property, entitling them to undivided interests, not necessarily equal, and the right to pass down those interests to their heirs. Types of Yonkers, New York Warranty Deeds for Four Individuals to Two Individuals as Tenants in Common: 1. General Warranty Deed: This is the most common type of warranty deed, where the seller guarantees that they are the rightful owner of the property and that no other parties have any claims or encumbrances against it. 2. Special Warranty Deed: Similar to a general warranty deed, but with a limited scope of warranties. In this case, the seller only guarantees that there are no encumbrances against the property that occurred during their ownership. 3. Joint Tenancy Deed: A type of warranty deed that grants joint tenancy ownership, where multiple individuals have an equal, undivided interest in the property, with the right of survivorship. In the event of a joint tenant's death, their interest is automatically distributed among the surviving joint tenants. 4. Tenancy by the Entirety Deed: This type of warranty deed is specific to married couples and provides joint ownership with the right of survivorship. It offers added protection against individual debts or liabilities of one spouse. 5. Life Estate Deed: A warranty deed where the property is transferred to the grantees while reserving a life estate for the granters. This allows the granters to retain the right to use or reside on the property until their death. It is important to consult with a legal professional to determine the most appropriate warranty deed based on the specifics of the transaction and the desired ownership structure.

A Yonkers, New York Warranty Deed for Four Individuals to Two Individuals as Tenants in Common is a legal document that transfers ownership of a property from four individuals to two individuals, while establishing a tenancy in common. This type of deed provides a guarantee that the property being transferred is free from any title defects and that the granters have the legal right to sell it. Here are relevant keywords and types of warranty deeds related to this scenario: Keywords: 1. Yonkers, New York: Refers to the specific location where the property is situated and the jurisdiction under which the transaction is governed. 2. Warranty Deed: A legally binding document that guarantees the seller's ownership rights and provides warranties against any title defects or encumbrances. 3. Four Individuals: Denotes the number of granters involved in the deed, indicating that the property is currently owned by four individuals. 4. Two Individuals: Indicates the number of grantees who will be the new owners of the property after the transfer. 5. Tenants in Common: Refers to the way in which the new owners will hold the property, entitling them to undivided interests, not necessarily equal, and the right to pass down those interests to their heirs. Types of Yonkers, New York Warranty Deeds for Four Individuals to Two Individuals as Tenants in Common: 1. General Warranty Deed: This is the most common type of warranty deed, where the seller guarantees that they are the rightful owner of the property and that no other parties have any claims or encumbrances against it. 2. Special Warranty Deed: Similar to a general warranty deed, but with a limited scope of warranties. In this case, the seller only guarantees that there are no encumbrances against the property that occurred during their ownership. 3. Joint Tenancy Deed: A type of warranty deed that grants joint tenancy ownership, where multiple individuals have an equal, undivided interest in the property, with the right of survivorship. In the event of a joint tenant's death, their interest is automatically distributed among the surviving joint tenants. 4. Tenancy by the Entirety Deed: This type of warranty deed is specific to married couples and provides joint ownership with the right of survivorship. It offers added protection against individual debts or liabilities of one spouse. 5. Life Estate Deed: A warranty deed where the property is transferred to the grantees while reserving a life estate for the granters. This allows the granters to retain the right to use or reside on the property until their death. It is important to consult with a legal professional to determine the most appropriate warranty deed based on the specifics of the transaction and the desired ownership structure.