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 Memphis, Tennessee Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of real estate from a married couple to a corporation, ensuring that the property is free from any liens or encumbrances. This type of deed is commonly used in situations where a husband and wife want to transfer ownership of a property they jointly own to a corporation that they have established. By doing so, they are able to separate their personal and business assets, while also protecting their personal liability. The key elements of this Warranty Deed include the names of the husband and wife as the granters, the name of the corporation as the grantee, and a detailed legal description of the property being transferred. The legal description typically includes information such as the lot of number, subdivision, and any other relevant details about the property's location and boundaries. The deed also includes a statement of consideration, which specifies the amount paid for the property or the value being exchanged. This consideration can be money, other property, or a combination of both. Moreover, this type of deed provides a warranty clause, which guarantees that the husband and wife are the legitimate owners of the property and have the right to transfer ownership to the corporation. It also assures that there are no undisclosed liens, claims, or encumbrances on the property, except those specifically stated in the deed. In addition, this warranty deed may also include specific covenants such as the covenant of seizing, which guarantees that the granters have legal ownership and the right to sell the property. Another possible covenant is the covenant of quiet enjoyment, promising that the corporation will have undisturbed title and possession of the property. It is important to note that there may be variations or different types of Memphis Tennessee Warranty Deed from Husband and Wife to Corporation, depending on specific requirements or circumstances. Some examples of variations may include a Limited Warranty Deed, which limits the warranty provided by the granters, or a Special Warranty Deed, which includes specific warranties or limitations. Ultimately, this type of warranty deed facilitates the legal and binding transfer of property from a married couple to a corporation, ensuring clear ownership and protecting both parties involved.A Memphis, Tennessee Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of real estate from a married couple to a corporation, ensuring that the property is free from any liens or encumbrances. This type of deed is commonly used in situations where a husband and wife want to transfer ownership of a property they jointly own to a corporation that they have established. By doing so, they are able to separate their personal and business assets, while also protecting their personal liability. The key elements of this Warranty Deed include the names of the husband and wife as the granters, the name of the corporation as the grantee, and a detailed legal description of the property being transferred. The legal description typically includes information such as the lot of number, subdivision, and any other relevant details about the property's location and boundaries. The deed also includes a statement of consideration, which specifies the amount paid for the property or the value being exchanged. This consideration can be money, other property, or a combination of both. Moreover, this type of deed provides a warranty clause, which guarantees that the husband and wife are the legitimate owners of the property and have the right to transfer ownership to the corporation. It also assures that there are no undisclosed liens, claims, or encumbrances on the property, except those specifically stated in the deed. In addition, this warranty deed may also include specific covenants such as the covenant of seizing, which guarantees that the granters have legal ownership and the right to sell the property. Another possible covenant is the covenant of quiet enjoyment, promising that the corporation will have undisturbed title and possession of the property. It is important to note that there may be variations or different types of Memphis Tennessee Warranty Deed from Husband and Wife to Corporation, depending on specific requirements or circumstances. Some examples of variations may include a Limited Warranty Deed, which limits the warranty provided by the granters, or a Special Warranty Deed, which includes specific warranties or limitations. Ultimately, this type of warranty deed facilitates the legal and binding transfer of property from a married couple to a corporation, ensuring clear ownership and protecting both parties involved.
