Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation

• Category: Pennsylvania Real Estate - Deeds - Warranty
• State: Pennsylvania
• City: Allentown
• Control #: PA-08-78
• Format: Word; Rich Text

Description

This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees 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 legally binding document used to transfer ownership of property from one party to another, providing certain guarantees and assurances. In the case of Allentown, Pennsylvania, when a husband and wife decide to transfer property ownership to a corporation, an Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation is utilized. This deed type ensures that the transfer of ownership is backed by the granters' warranty or promise to guarantee the title's validity. It provides the corporation, as the grantee, with protection against any undisclosed claims or defects in the property's title. Here are two types of Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation: 1. General Warranty Deed: A General Warranty Deed offers the highest level of protection to the grantee, the corporation. It includes several covenants or promises made by the husband and wife as granters. These covenants consist of the following: a) Covenant of basin: The granters guarantee that they are the true owners of the property and have the legal right to transfer it to the corporation. b) Covenant of right to convey: The granters assure that they have the authority to sell the property to the corporation. c) Covenant against encumbrances: The granters guarantee that no undisclosed liens or encumbrances exist on the property, except for those specifically mentioned in the deed. d) Covenant of quiet enjoyment: The granters promise that the corporation will have undisturbed possession and enjoyment of the property without any interference from other parties. e) Covenant of warranty: The granters pledge to defend the corporation against any future claims against the property's title and compensate for any losses incurred due to such claims. 2. Special Warranty Deed: A Special Warranty Deed provides limited guarantees compared to a General Warranty Deed. It only offers protection against claims or defects arising during the time the granters owned the property and not before. The granters assume no responsibility for any title issues that may have existed prior to their ownership. The covenants included in a Special Warranty Deed are usually the same as those in a General Warranty Deed, but with a narrower scope of coverage. When using an Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation, it is advisable to consult with an attorney or a qualified real estate professional to ensure all legal requirements are met.

A warranty deed is a legally binding document used to transfer ownership of property from one party to another, providing certain guarantees and assurances. In the case of Allentown, Pennsylvania, when a husband and wife decide to transfer property ownership to a corporation, an Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation is utilized. This deed type ensures that the transfer of ownership is backed by the granters' warranty or promise to guarantee the title's validity. It provides the corporation, as the grantee, with protection against any undisclosed claims or defects in the property's title. Here are two types of Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation: 1. General Warranty Deed: A General Warranty Deed offers the highest level of protection to the grantee, the corporation. It includes several covenants or promises made by the husband and wife as granters. These covenants consist of the following: a) Covenant of basin: The granters guarantee that they are the true owners of the property and have the legal right to transfer it to the corporation. b) Covenant of right to convey: The granters assure that they have the authority to sell the property to the corporation. c) Covenant against encumbrances: The granters guarantee that no undisclosed liens or encumbrances exist on the property, except for those specifically mentioned in the deed. d) Covenant of quiet enjoyment: The granters promise that the corporation will have undisturbed possession and enjoyment of the property without any interference from other parties. e) Covenant of warranty: The granters pledge to defend the corporation against any future claims against the property's title and compensate for any losses incurred due to such claims. 2. Special Warranty Deed: A Special Warranty Deed provides limited guarantees compared to a General Warranty Deed. It only offers protection against claims or defects arising during the time the granters owned the property and not before. The granters assume no responsibility for any title issues that may have existed prior to their ownership. The covenants included in a Special Warranty Deed are usually the same as those in a General Warranty Deed, but with a narrower scope of coverage. When using an Allentown Pennsylvania Warranty Deed from Husband and Wife to Corporation, it is advisable to consult with an attorney or a qualified real estate professional to ensure all legal requirements are met.