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 Memphis Tennessee Warranty Deed from Corporation to Two Individuals is a legal document that transfers the ownership of real estate from a corporation to two individuals. This type of deed guarantees that the corporation holds clear and marketable title to the property and has the legal authority to transfer ownership to the individuals. The Warranty Deed is a type of deed used to transfer property in Tennessee. It contains several key elements, including the names of the corporation and the two individuals involved in the transaction, as well as a detailed legal description of the property. The legal description typically includes the address, boundaries, and any relevant land divisions or measurements. There are different types of Memphis Tennessee Warranty Deeds from Corporation to Two Individuals, which could include General Warranty Deeds, Special Warranty Deeds, or Quitclaim Deeds: 1. General Warranty Deed: This type of deed provides the highest level of protection for the buyers (individuals), as it guarantees that the corporation will defend the title against any claims or defects. The corporation is responsible for compensating the buyers for any loss incurred due to these claims or defects. 2. Special Warranty Deed: In this type of deed, the corporation guarantees to the buyers that it has not created any defects in the title during its ownership. It only warranties against claims or defects that may have arisen during the corporation's ownership of the property. This warranty does not cover any defects or claims that may have existed prior to the corporation taking ownership. 3. Quitclaim Deed: This type of deed provides the least amount of protection for the buyers, as it makes no warranties or guarantees about the title. The corporation simply relinquishes its interest in the property without making any promises or assurances about the title's validity. This type of deed is typically used when there is a level of trust and familiarity between the parties involved. It is important for both the corporation and the individuals to carefully review and understand the terms and conditions of the applicable warranty deed before proceeding with the transfer of ownership. This will ensure that both parties are aware of their rights and responsibilities regarding the property.
