Alabama Lease Agreement With Tenants
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FAQ
Can I prepare my own deed and have it recorded? North Carolina law allows you to prepare a Deed of Conveyance for any real property to which you have legal title. However, the conveyance of real property is a legal matter that should be given under and with the advise of legal counsel.
A General Warranty Deed is a deed in which the party conveying the property (the ?Grantor?) warrants and guarantees to the party receiving the conveyance (the ?Grantee?) that the title to the property he is conveying is good and unencumbered as against all persons.
A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.
In order to be recorded in North Carolina, a warranty deed must be signed and properly acknowledged by the grantor before an officer authorized by the state to take acknowledgments of deeds. An individual form for acknowledgment by a grantor is presented in 47 38 of the North Carolina Statutes.
Deeds are required to have the name of the grantor, the name and address of the grantee, the name of the preparer and an acknowledgment by a notary. Once the deed is properly drafted and signed, it must be recorded with the register of deeds in the county in which the property is located.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
The grantor must sign the warranty deed in the presence of a notary public, who will verify the grantor's identity and acknowledge that the grantor executed the deed voluntarily. After the deed has been signed and notarized, it should be recorded with the register of deeds in the county where the property is located.
In North Carolina, deeds, once signed and properly completed, must be filed with the Registry of Deeds in the county in which the property is located. Signing Requirements ? Deed must be signed in the presence of a Notary Public. Only the grantor(s) must sign (N.C.G.S.A. § 47-38).