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 Memphis Tennessee Warranty Deed from Corporation to Corporation is a legally binding document that transfers ownership of real property from one corporation to another. This type of deed ensures that the transfer is done with a warranty, meaning that the corporation making the transfer guarantees that it has a good and marketable title to the property, free from any encumbrances or title defects. The Memphis Tennessee Warranty Deed from Corporation to Corporation includes important information such as the names and addresses of both corporations involved in the transfer, a detailed legal description of the property being transferred, and the consideration or payment for the transfer. It also includes the signature of a representative from the granter corporation, acknowledging their authority to execute the deed on behalf of the corporation. In Memphis, Tennessee, there may be different variations of the Warranty Deed from Corporation to Corporation, including: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee (the corporation receiving the property) by warranting not only the corporation's ownership of the property, but also guaranteeing that there are no title issues or encumbrances dating back to the property's origin. 2. Special Warranty Deed: This deed, also known as a Limited Warranty Deed, guarantees the corporation's ownership of the property, but only for the duration of time that the corporation held the property. It does not provide protection against any title issues or encumbrances that may have existed prior to the corporation's ownership. 3. Quitclaim Deed: Although not technically a warranty deed, a Quitclaim Deed may also be used in a corporation-to-corporation property transfer in Memphis, Tennessee. This type of deed transfers any interest or claim that the granter corporation may have in the property, without any warranty or guarantee of ownership. It is often used when there is a higher level of trust between the corporations involved, or when there is uncertainty about the property's title. It is important for both corporations involved in the transfer to conduct thorough due diligence, including title searches and inspections, to ensure that the property being transferred is free from any liens, encumbrances, or other title issues.
