This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Gresham Oregon Warranty Deed from Corporation to Corporation is a legal document that transfers ownership of real property or assets from one corporation to another in Gresham, Oregon. This deed provides a guarantee, or warranty, that the transferring corporation holds clear and marketable title to the property being conveyed. The primary purpose of a warranty deed is to protect the buyer (transferring corporation) against any future claims or disputes regarding the property's ownership. By issuing a warranty deed, the transferring corporation assures the buyer that they have valid legal ownership rights and that the property is free of any liens, encumbrances, or unknown claims. When it comes to the types of Gresham Oregon Warranty Deed from Corporation to Corporation, several variations exist: 1. General Warranty Deed: This type of warranty deed offers the broadest level of protection to the buyer, as it guarantees the property against any defects in title, even those arising before the transferring corporation acquired it. The buyer is entitled to compensation from the transferring corporation if any title issues arise. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only provides limited protection to the buyer. It guarantees that the transferring corporation has not incurred any defects in title during their ownership but does not cover any title issues arising prior to their acquisition. The buyer is only protected against claims that arise during the transferring corporation's ownership. 3. Quitclaim Deed: Although not technically a warranty deed, a quitclaim deed is sometimes used for corporation-to-corporation transfers. This type of deed makes no warranties or guarantees about the property's title. Instead, it simply transfers the transferring corporation's interest in the property to the buyer. If any title issues arise in the future, the buyer assumes full responsibility. It is essential for both corporations involved in the transaction to thoroughly review and understand the terms and implications of the warranty deed before finalizing the transfer. Consulting with legal professionals experienced in real estate law is highly recommended ensuring a smooth and legally sound transaction. In conclusion, a Gresham Oregon Warranty Deed from Corporation to Corporation is a legally binding document used to transfer property ownership from one corporation to another in Gresham, Oregon. Different types of warranty deeds, such as general warranty deeds, special warranty deeds, and quitclaim deeds, offer varying degrees of protection to the buyer.
