Philadelphia Pennsylvania Warranty Deed from two Individuals to Corporation

• Category: Pennsylvania Real Estate - Deeds - Warranty
• State: Pennsylvania
• County: Philadelphia
• Control #: PA-05-78
• Format: Word; Rich Text

Description

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 warranty deed is a legal document that transfers ownership of a property from two individuals to a corporation in Philadelphia, Pennsylvania. This type of deed provides assurance or guarantees to the buyer (corporation) that the property being transferred is free from any liens, encumbrances, or ownership claims, except those specifically stated in the deed. In Philadelphia, there are two common types of warranty deeds from two individuals to a corporation: 1. Philadelphia Pennsylvania General Warranty Deed: A general warranty deed provides the highest level of protection to the corporation as it guarantees clear ownership of the property. It assures the corporation that the sellers (two individuals) have the legal right to sell the property, and they have not done anything that could affect the corporation's future ownership rights. It also protects the corporation against any claims on the property arising before or during their ownership. 2. Philadelphia Pennsylvania Limited Warranty Deed: A limited warranty deed offers a more limited level of protection compared to a general warranty deed. It guarantees that the sellers (two individuals) have not encumbered the property during their ownership, but it does not protect the corporation against any claims arising from previous owners. This means that if there are any undisclosed issues or liens on the property before the sellers acquired it, the corporation may have to face those claims. When drafting a Philadelphia Pennsylvania warranty deed from two individuals to a corporation, there are several key elements that should be included: 1. The names and addresses of the two individuals (sellers) and the corporation (buyer). 2. A clear and detailed legal description of the property being transferred, including its address and any identifying details such as lot numbers or boundaries. 3. The consideration or payment made by the corporation for the property. 4. The statement that the sellers are conveying the property to the corporation with a "general warranty" or "limited warranty" of title. 5. A list of any existing encumbrances, liens, or restrictions affecting the property. 6. The signatures of both sellers, their acknowledgement of the deed, and the date of execution. 7. The notarization of the deed to ensure its validity. It is important to consult with a legal professional experienced in real estate transactions to ensure that the Philadelphia Pennsylvania warranty deed accurately reflects the intentions of the parties involved and adheres to all legal requirements.

A warranty deed is a legal document that transfers ownership of a property from two individuals to a corporation in Philadelphia, Pennsylvania. This type of deed provides assurance or guarantees to the buyer (corporation) that the property being transferred is free from any liens, encumbrances, or ownership claims, except those specifically stated in the deed. In Philadelphia, there are two common types of warranty deeds from two individuals to a corporation: 1. Philadelphia Pennsylvania General Warranty Deed: A general warranty deed provides the highest level of protection to the corporation as it guarantees clear ownership of the property. It assures the corporation that the sellers (two individuals) have the legal right to sell the property, and they have not done anything that could affect the corporation's future ownership rights. It also protects the corporation against any claims on the property arising before or during their ownership. 2. Philadelphia Pennsylvania Limited Warranty Deed: A limited warranty deed offers a more limited level of protection compared to a general warranty deed. It guarantees that the sellers (two individuals) have not encumbered the property during their ownership, but it does not protect the corporation against any claims arising from previous owners. This means that if there are any undisclosed issues or liens on the property before the sellers acquired it, the corporation may have to face those claims. When drafting a Philadelphia Pennsylvania warranty deed from two individuals to a corporation, there are several key elements that should be included: 1. The names and addresses of the two individuals (sellers) and the corporation (buyer). 2. A clear and detailed legal description of the property being transferred, including its address and any identifying details such as lot numbers or boundaries. 3. The consideration or payment made by the corporation for the property. 4. The statement that the sellers are conveying the property to the corporation with a "general warranty" or "limited warranty" of title. 5. A list of any existing encumbrances, liens, or restrictions affecting the property. 6. The signatures of both sellers, their acknowledgement of the deed, and the date of execution. 7. The notarization of the deed to ensure its validity. It is important to consult with a legal professional experienced in real estate transactions to ensure that the Philadelphia Pennsylvania warranty deed accurately reflects the intentions of the parties involved and adheres to all legal requirements.