Mississippi Warranty Deed from Corporation to Two Individuals
Overview of this form
The Warranty Deed from Corporation to Two Individuals is a legal document where a corporation (the Grantor) conveys property ownership to two individuals (the Grantees). This form helps ensure that the grantor warrants the property is free of any claims, except for the reservation of oil, gas, and minerals. It is distinct from other types of deeds due to the involvement of a corporate entity as the Grantor, making it essential for property transactions involving corporations and individuals.
Key components of this form
- The names and addresses of the Grantor and Grantees.
- A legal description of the property being transferred.
- The statement of consideration, confirming the value exchanged.
- The reservation of rights to oil, gas, and minerals, if applicable.
- Signature lines for the authorized representative of the corporation and witnesses, if required.
When to use this form
This form is suitable when a corporation is transferring property to two individuals. It should be used in various scenarios, such as when a corporation decides to sell real estate, pass on property to family members, or divide corporate assets among individuals. It is crucial for maintaining transparency and preventing future disputes about property ownership.
Who this form is for
Individuals and entities applicable for this form include:
- Corporations transferring property rights.
- Individuals receiving property from a corporation.
- Real estate professionals overseeing property transactions.
- Legal representatives ensuring compliance with local laws.
Instructions for completing this form
- Identify the parties involved: List the corporation as Grantor and the two individuals as Grantees.
- Specify the property: Include a complete legal description of the property being deeded.
- Enter the consideration: State the amount paid, such as "for valuable consideration of ten dollars."
- Include any reservations: Specify rights reserved regarding oil, gas, and minerals, if applicable.
- Collect signatures: Ensure the document is signed by an authorized corporate representative and any required witnesses.
Notarization requirements for this form
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Avoid these common issues
- Failing to properly identify all parties involved in the transaction.
- Not including a complete legal description of the property.
- Omitting necessary signatures or failing to have witnesses when required.
- Leaving out the reservation of rights for oil, gas, and minerals, if applicable.
Why use this form online
- Convenience of immediate access to the form without the need for in-person visits.
- Editability allows for customization based on specific property and parties involved.
- Reliability of templates drafted by licensed attorneys to comply with legal standards.
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FAQ
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
Discuss property ownership interests. Access a copy of your title deed. Complete, review and sign the quitclaim or warranty form. Submit the quitclaim or warranty form. Request a certified copy of your quitclaim or warranty deed.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
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
In order to make the Warranty Deed legally binding, the Seller needs to sign it front of a notary public. Then signed and notarized deed must be filed at the city or county office for recording property documents. Before filing with this office all previously billed property taxes must be paid in full.
