New York Warranty Deed from two Individuals to Corporation
Overview of this form
The Warranty Deed from two Individuals to Corporation is a legal document used to transfer property ownership from two individual grantors to a corporation grantee. This form specifies that the grantors are conveying the described property while reserving rights to any oil, gas, and minerals beneath the surface. This document differs from other types of deeds as it explicitly involves two individuals as grantors and a corporation as the grantee, ensuring clarity in the conveyance of property rights.
Form components explained
- Identification of the Grantors (individuals transferring property).
- Identification of the Grantee (the corporation receiving the property).
- A legal description of the property being conveyed.
- Covenants regarding the title and encumbrances on the property.
- Reservations concerning oil, gas, and mineral rights.
- Signatures of grantors and acknowledgment of execution.
Common use cases
This form is typically used when two individuals decide to transfer real estate ownership to a corporation. Situations may include business partnerships establishing property ownership, individuals forming a corporation to manage their property, or estate planning scenarios where individuals want to place their real estate assets into a corporate entity for asset protection or management purposes.
Intended users of this form
- Two individuals who own real property and wish to transfer it to a corporation.
- Business partners who want to convert their property into a corporate asset.
- Individuals in the process of estate planning involving corporate structures.
- Property owners looking to formalize the transfer of real estate to a legal entity.
Steps to complete this form
- Identify the grantors by entering their full legal names.
- Specify the name of the corporation receiving the property as the grantee.
- Attach the legal description of the property as Exhibit A.
- List any reserved rights for oil, gas, and minerals if applicable.
- Both grantors must sign and date the form in the presence of a notary.
Does this document require notarization?
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
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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.
Mistakes to watch out for
- Failing to include the complete legal description of the property.
- Not obtaining proper notarization of the signatures where required.
- Leaving out necessary reservations regarding mineral rights.
- Improperly identifying grantors or the corporation as grantee.
Benefits of using this form online
- Convenience of accessing legal forms from anywhere at any time.
- Editability allows for easy customization based on specific needs.
- Reliability of forms drafted by licensed attorneys ensuring legal compliance.
Summary of main points
- The Warranty Deed from two Individuals to Corporation is used to transfer property ownership to a corporate entity.
- Ensure all relevant property details and exceptions are included in the form.
- Consider the benefits of legal advice to navigate state-specific requirements and the notarization process.
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FAQ
Search for a business entity (Corporation, LLC, Limited Partnership) in New York by using the Secretary of State's Website. The only way to preform a lookup is by Name, when doing so, you will want to use as many matching keywords as you can as the database will pull all matching records.
Enter the Corporation or Business Entity Name being searched for. Select a Name Type. Select a Search Type. Enter the numbers from the image into the CAPTCHA field. Tab to Search the Database and press the enter key or click Search the Database.
The fee for filing the Certificate of Incorporation is $125. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express.
Navigate to the Secretary of State website for the state in which the corporation is registered. Start your search. Look for a Businesses or Corporations tab. Each state website is constructed differently, and the specific tab name may vary, but should always be business or corporation related.
