This form is a Statutory Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property was tenants in common, joint tenants with the right of survivorship, or, if married, as community property. This deed complies with all state statutory laws.
Title: Understanding Vancouver Washington Statutory Warranty Deed From One Individual to Two Individuals: Types and Essential Information Introduction: In the state of Washington, specifically in Vancouver, a Statutory Warranty Deed is a legally recognized document used when transferring property ownership from one individual to two individuals. This comprehensive guide aims to provide a detailed description of the Vancouver Washington Statutory Warranty Deed, its purpose, and the different types associated with it. Key Terms and Definitions: 1. Vancouver, Washington: A city located in Clark County, Washington, situated on the north bank of the Columbia River and part of the Portland-Vancouver metropolitan area. 2. Statutory Warranty Deed: A legally binding document used in real estate transactions to transfer the ownership of property from one party (the Granter) to two parties (the Grantees). It guarantees that the Granter holds legal title to the property and provides protection for the Grantees against any potential prior claims. 3. Property Ownership Transfer: The process of legally transferring ownership rights from one party to another, encompassing the title transfer and associated documentation. Types of Vancouver Washington Statutory Warranty Deeds from One Individual to Two Individuals: 1. General Statutory Warranty Deed: This is the most common type of Vancouver Washington Statutory Warranty Deed involving the transfer of property from one individual (the Granter) to two individuals (the Grantees). It guarantees that the Granter possesses full legal ownership of the property, free from any encumbrances or claims, and will defend the title against any future claims. 2. Statutory Warranty Deed with Survivorship: This specific type of deed includes a survivorship clause, ensuring that if one of the Grantees passes away, their share automatically transfers to the remaining Grantee(s) without the need for probate or succession proceedings. 3. Tenancy in Common Statutory Warranty Deed: This type of deed grants equal ownership rights to multiple individuals, specifying the percentage of ownership held by each. Unlike a survivorship deed, in tenancy in common, the share of a deceased co-owner does not automatically transfer to the remaining owners but becomes part of their estate. Required Elements in a Vancouver Washington Statutory Warranty Deed: 1. Granter's Information: Full legal name, address, and sometimes marital status. 2. Grantees' Information: Full legal names and addresses of both individuals. 3. Property Description: Accurate legal description of the property being conveyed, including any pertinent parcel numbers. 4. Consideration: The monetary or non-monetary value exchanged for the property. 5. Granter's Signature: The Granter must sign the deed in the presence of a notary public. 6. Notarization: An acknowledgement by a notary public, validating the Granter's signature and confirming their willingness to execute the deed. Conclusion: A Vancouver Washington Statutory Warranty Deed from One Individual to Two Individuals is a crucial legal document used in property ownership transfers. By carefully addressing the various types and essential elements of this deed, parties involved can ensure a seamless and secure transfer of property in compliance with Washington state laws. It is always recommended consulting with a qualified real estate attorney or professional for specific legal advice when dealing with real estate transactions.
