South Carolina Warranty Deed from Individual to Corporation
What is this form?
The Warranty Deed from Individual to Corporation is a legal document used to transfer property ownership from an individual (the grantor) to a corporation (the grantee). This deed specifies the property being conveyed, establishes the terms of the warranty, and explicitly reserves certain rights related to oil, gas, and minerals. Unlike other deeds, this form is tailored for transactions involving corporate entities, making it essential for individuals who need to convey property to a business organization.
Key components of this form
- Description of the property being conveyed.
- Prior instrument reference to the recorded document.
- Statement reserving rights to oil, gas, and minerals.
- Covenant of title, ensuring the grantor's rights to sell the property.
- Statement of any encumbrances or exceptions.
- Signature lines for the grantor, witnesses, and notary public.
Situations where this form applies
This form should be used when an individual is transferring real estate ownership to a corporation. Common scenarios include property sales where the buyer is a corporate entity, or when individuals want to formalize the transfer of property they own into a corporate structure for reasons such as liability protection or business operations.
Who can use this document
- Individuals who own property they wish to transfer to a corporation.
- Real estate professionals assisting clients with property transactions involving corporations.
- Corporations acquiring property from individual owners.
Steps to complete this form
- Identify the parties involved: the grantor (individual) and the grantee (corporation).
- Provide a detailed description of the property being transferred.
- Specify any reservations, such as oil, gas, and mineral rights.
- Fill in the prior instrument reference for the property, including book and page numbers.
- Ensure all parties sign and have their signatures witnessed and notarized.
- Complete any applicable affidavits or declarations regarding transfer fees and exemptions.
Notarization requirements for this form
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.
Typical mistakes to avoid
- Failing to accurately describe the property.
- Omitting important reservations related to mineral rights.
- Neglecting to have the document properly notarized.
- Forgetting to include the prior instrument reference.
Benefits of using this form online
- Convenient access to legally compliant templates.
- Edit and customize the form to fit specific needs.
- Downloadable and ready for immediate use with clear instructions.
Key takeaways
- Use the Warranty Deed from Individual to Corporation for transferring property ownership to a corporation.
- Ensure to include all relevant details and comply with state-specific regulations.
- Obtain notarization for the deed to ensure legal validity.
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FAQ
To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a 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.
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.
Contrary to normal expectations, the Deed DOES NOT have to be recorded to be effective or to show delivery, and because of that, the Deed DOES NOT have to be signed in front of a Notary Public. However, if you plan to record it, then it does have to be notarized as that is a County Recorder requirement.
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.
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.
Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.
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.
