This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors conveys and warrants the described property to Grantees 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 warranty deed is a legal document used in Chattanooga, Tennessee to transfer ownership of a property from a corporation to two individuals. This type of deed provides a written guarantee that the corporation owns the property and has the right to sell it. The warranty deed also promises to defend the buyers against any claims or challenges to the property's ownership. In Chattanooga, there are several types of warranty deeds that may be used when transferring property from a corporation to two individuals. Some of these include: 1. General Warranty Deed: This is the most common type of warranty deed in Chattanooga. It provides the highest level of protection to the buyers, as it guarantees that the corporation will defend them against any claims to the property, even if the claim arose before the corporation acquired it. 2. Special Warranty Deed: This type of warranty deed is similar to a general warranty deed, but with a limited scope of protection. The corporation guarantees to defend the buyers only against claims that arose during the time the corporation owned the property. 3. Quitclaim Deed: Although less common in this context, a quitclaim deed may still be used when transferring property from a corporation to two individuals. Unlike warranty deeds, a quitclaim deed offers no guarantees or warranties. It simply transfers whatever interest the corporation has in the property to the individuals, without any promises regarding the validity or ownership of the property. When executing a warranty deed in Chattanooga, it is essential to include all relevant details in the document, such as the legal description of the property, the names of the corporation and the two individuals, and the purchase price. Additionally, the deed must be signed and notarized by all parties involved for it to be legally binding. In conclusion, a Chattanooga Tennessee warranty deed from a corporation to two individuals is a vital document that ensures a secure transfer of property ownership. It is crucial to understand the different types of warranty deeds available and their implications to choose the one that best suits the specific circumstances of the transfer.
