Oklahoma Warranty Deed from Corporation to Individual
Description
Definition and meaning
The Oklahoma Warranty Deed from Corporation to Individual is a legal document used to transfer ownership of real estate from a corporation to an individual. This deed guarantees that the corporation holds clear title to the property being transferred and asserts that it is free from any encumbrances, except those specifically noted in the deed.
This form is particularly useful in real estate transactions involving corporations, ensuring that the new owner receives the property with legal assurance of ownership rights.
How to complete the form
To properly fill out the Oklahoma Warranty Deed, follow these steps:
- Fill in the name of the corporation as the Grantor.
- Input the Grantee's full name, specifying if they are married or unmarried.
- Provide a detailed description of the property being transferred. If necessary, include a separate attachment labeled 'SEE DESCRIPTION ATTACHED.'
- Include the prior instrument reference information, such as Book, Page, and Document Number.
- Confirm any reservations regarding minerals or easements that may apply.
- Obtain the signature of an authorized representative of the corporation, including their name and title.
- Have the deed notarized.
Once completed, the form should be recorded in the appropriate county records to ensure its legal validity.
Who should use this form
This form is intended for corporations that are transferring real estate to individual parties. It is typically used in situations where a corporation dissolves its ownership of property or when conveying property as part of a transaction.
Individuals receiving the property must ensure they are aware of any conditions attached to the deed, such as easements or mineral rights reserved by the Grantor.
Key components of the form
The Oklahoma Warranty Deed includes several important components:
- Grantor Information: The name and details of the corporation transferring the property.
- Grantee Information: The name and status (married or unmarried) of the individual receiving the property.
- Property Description: A detailed account of the property to be transferred.
- Prior Instrument Reference: Information referencing earlier deeds related to the property.
- Reservations: Any mineral rights or easements that the Grantor retains.
- Signatures and Notarization: Authentication of the form through signature and notary public acknowledgment.
What to expect during notarization
When having the Oklahoma Warranty Deed notarized, the following steps typically occur:
- You will present the signed deed to a notary public.
- The notary will verify your identity and confirm that you are signing willingly.
- The notary will then sign and stamp the document, providing an official acknowledgment.
This process legitimizes the deed and helps facilitate its recording with the county.
Common mistakes to avoid when using this form
When completing the Oklahoma Warranty Deed, it is essential to avoid the following common errors:
- Failing to provide a complete property description.
- Neglecting to indicate the marital status of the Grantee.
- Omitting the prior instrument reference information.
- Not obtaining the necessary signatures or notarization.
- Ignoring any easements or mineral rights that may be attached to the property.
How to fill out Oklahoma Warranty Deed From Corporation To Individual?
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FAQ
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
The Oklahoma general warranty deed is a type of legal document whereby an owner of a piece of property can sell his or her interest to another person.Once deeds are properly filled out and acknowledged by a notary, they are filed with the registrar of deeds in the county in which the property is located.
A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.Our title agents can help.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.