This form is a Special Warranty Deed where the Grantor is a corporation and the Grantees are two individuals or 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 ownership of a property from a corporation to two individuals who are married, commonly referred to as a Husband and Wife. In Oklahoma City, Oklahoma, there are various types of Special Warranty Deeds that cater to specific situations and parties involved. One of the common types of Special Warranty Deeds is the "General Special Warranty Deed — Corporation to Two Individuals / Husband and Wife." This deed is typically used when a corporation wants to transfer property rights to a married couple, granting them ownership while providing limited protection against any previous claims or encumbrances. Another type is the "Special Warranty Deed with Lien Covenant — Corporation to Two Individuals / Husband and Wife." In this case, when the corporation transfers the property to the Husband and Wife, they also include a guarantee that there are no outstanding liens or claims against the property, providing additional assurance to the recipients. Furthermore, the "Special Warranty Deed with Right of Survivorship — Corporation to Two Individuals / Husband and Wife" is a type of deed that ensures that if one spouse passes away, the other spouse automatically inherits the deceased spouse's share of the property. This type of deed is commonly used to simplify the transfer of ownership after the death of one spouse. Another notable variation is the "Special Warranty Deed subject to Trust / Estate — Corporation to Two Individuals / Husband and Wife." This type of deed is utilized when the property being transferred is part of a trust or an estate. The deed outlines specific conditions or restrictions related to the trust or estate and ensures the transfer is compliant with their guidelines. It's important to consult with a legal professional or seek advice from a title company when dealing with Special Warranty Deeds in Oklahoma City, Oklahoma. They can provide guidance on the appropriate type of deed to use, based on the specific circumstances of the property transfer.
