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 Hillsboro Oregon Warranty Deed from two Individuals to a Corporation is a legal document that facilitates the transfer of real estate ownership from two individuals to a corporation. This deed ensures that the new owner, the corporation, receives a guarantee or warranty that the property is free from any encumbrances or title issues. The warranty deed also promises that the sellers, the two individuals, have the legal right to sell the property to the corporation. Under Oregon law, there are two main types of Hillsboro Oregon Warranty Deed from two Individuals to Corporation: 1. General Warranty Deed: A general warranty deed provides the highest level of protection for the buyer, the corporation. It includes various covenants or promises from the sellers to the corporation, such as the covenant of basin (assurance of ownership), the covenant of quiet enjoyment (assurance of the property being free from third-party claims), the covenant against encumbrances (assurance of no undisclosed liens or mortgages), the covenant of further assurances (promise to deliver any additional documentation necessary for the transfer), and the covenant of warranty forever (promise to defend any future claims on the property). This type of warranty deed offers the most comprehensive protection to the corporation. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, provides a more limited level of protection compared to a general warranty deed. It guarantees that the sellers, the two individuals, will defend the title only against claims that may arise during their ownership period. The special warranty deed does not protect against any claims that existed before the individuals acquired the property. It is generally used when the sellers want to limit their liability and protect themselves from potential pre-existing title issues. Both types of Hillsboro Oregon Warranty Deed from two Individuals to Corporation are crucial in ensuring a smooth and legally valid transfer of property ownership. It is advisable to seek the guidance of a qualified real estate attorney or legal professional to draft and execute these deeds accurately, considering the specific circumstances and requirements involved in the transaction.
