South Carolina Warranty Deed from Corporation to Two Individuals
Overview of this form
The Warranty Deed from Corporation to Two Individuals is a legal document that facilitates the transfer of property ownership from a corporation (the Grantor) to two individual recipients (the Grantees). This document specifies the property's details while excluding certain rights, such as oil, gas, and mineral rights. This deed is necessary for legally recording the conveyance of property and ensuring that the title is clear and adequately transferred, distinguishing it from other forms of property deeds.
Form components explained
- Description of the property being transferred.
- Reference to prior ownership records, including book and page numbers.
- Clauses detailing reserved rights, such as oil and mineral rights.
- Warranties of title, assuring the Grantees of clear ownership.
- Provisions regarding joint tenancy and rights of survivorship.
- Signature lines for the corporation and acknowledgment by a notary public.
When this form is needed
This warranty deed should be used when a corporation is transferring property rights to two individuals, particularly when the individuals wish to hold the property as joint tenants with rights of survivorship. It is essential to use this form in real estate transactions to ensure the proper legal documentation is in place for the ownership transfer, including handling any potential encumbrances or reservations associated with the property.
Who this form is for
- Corporations looking to transfer property to individuals.
- Individuals receiving property from a corporation.
- Real estate professionals managing corporate property transactions.
- Attorneys representing clients in property transfer matters.
Steps to complete this form
- Identify the parties involved: the corporation as Grantor and the two individuals as Grantees.
- Provide a clear description of the property being transferred.
- Complete the section referencing prior ownership, including book and page details.
- Check and indicate the types of reserved rights, such as oil, gas, and minerals.
- Have authorized representatives from the corporation sign the deed in the presence of a notary public.
Is notarization required?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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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 all required information about the property.
- Not having the document notarized if required.
- Overlooking the reservation of oil, gas, and mineral rights.
- Incorrectly identifying the parties involved in the transaction.
Why complete this form online
- Convenience of accessing and completing the form from anywhere.
- Editability to tailor the document to your specific needs.
- Reliability of having a legally compliant document drafted by licensed attorneys.
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FAQ
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.
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.
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.
Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a warranty deed.
Laws § 27-7-20. Recording All forms must be filed at the County Recorders of Deeds. Signing (A§ 30-5-30) A quit claim deed in South Carolina is required to be authorized by a notary public and two (2) subscribing witnesses.
Review the property title to see who is officially listed on it. Sign the title over to the new owner in the place that is noted. Complete a general warranty deed to show the transfer of ownership from you to another. Pay the real estate transfer tax as levied in South Carolina.
In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorder's office, along with an Affidavit of True Consideration (S.C. Code Ann.