Oregon Warranty Deed from Individual to Corporation
What is this form?
This Warranty Deed from Individual to Corporation is a legal document where an individual (the grantor) conveys property ownership to a corporation (the grantee). This form is specifically designed to ensure that the grantor warrants clear title to the property, excluding any oil, gas, and minerals that may be present. It stands apart from other deeds, such as Quir's or Grant Deeds, primarily by focusing on the transfer of property to a corporation rather than an individual or other entities.
Key parts of this document
- Grantor details: Information about the individual transferring the property.
- Grantee details: Information about the corporation receiving the property.
- Description of the property: Identifies the specific property being transferred.
- Reservation clause: Specifies the retention of oil, gas, and minerals by the grantor.
- Warranties: Assurance that the grantor holds clear title to the property.
- Tax proration: Directions for handling property taxes for the year during the title transfer.
When to use this document
This form is needed when an individual wishes to transfer ownership of real property to a corporation. Common scenarios include transferring the ownership of a property used for business purposes, consolidating assets under a corporate entity, or simplifying the management of property-related issues.
Who this form is for
- Individuals looking to convey property to a corporation.
- Business owners who need to transfer real estate assets into their corporate holdings.
- Real estate professionals advising clients on property transfers.
Instructions for completing this form
- Identify the parties involved: Clearly state the names of the grantor and the corporation.
- Specify the property: Provide a detailed legal description of the property being transferred.
- Include tax information: Decide how property taxes will be handled for the current tax year.
- Enter the date: Write the date of execution for the deed.
- Obtain signatures: Ensure that the grantor signs the deed to finalize the transfer.
Notarization guidance
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, 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.
Typical mistakes to avoid
- Failing to include a complete legal description of the property.
- Not specifying how property taxes will be managed.
- Leaving out signatures or dates, which can invalidate the deed.
- Using incorrect terminology that does not fit the specific type of deed.
Benefits of using this form online
- Convenience: Easily download and complete the form without needing to visit a lawyer's office.
- Editability: Customize the form according to specific requirements and property details.
- Reliability: Access templates drafted by licensed attorneys, ensuring legal compliance and accuracy.
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FAQ
Bargain and sale deeds are statutory in Oregon under ORS 93.860. A bargain and sale deed conveys the grantor's "entire interest in the described property at the date of the deed which the deed purports to convey" but does not provide covenants of title (ORS 93.860(2, 3)).
Generally, someone else cannot remove you from title without your consent and/or knowledge. You should speak to a local real estate attorney to see how to return your name to title and how it was removed in the first place.
Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.
A conveyance of land in Oregon, or of any estate or interest therein located in Oregon, can be created, transferred, or declared by a deed in writing and should be signed by the person of lawful age (or their agent) from whom the estate or interest is intended to pass.
Discuss the terms of the deed with the new owners. Hire a real estate attorney to prepare the deed. Review the deed. Sign the deed in front of a notary public, with witnesses present. File the deed on public record.
A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.
A warranty deed conveys an interest in real property to the named grantee with full warranties of title. Warranty deeds are statutory in Oregon under ORS 93.850, and they convey real property in fee simple with the most assurance of title.Generally, real property is owned in either sole ownership or in co-ownership.
The Oregon special warranty deed is a legal document transferring property from an owner of an interest in property to another person. This is a warranty deed, but the warranty is limited to the time frame involving seller's ownership of the property.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
