Tennessee Warranty Deed from Corporation to Individual
What is this form?
This Warranty Deed from Corporation to Individual is a legal document used to transfer property ownership from a corporation (the Grantor) to an individual (the Grantee). This deed includes warranties that the title being conveyed is free from any encumbrances, except as noted. It differs from other deeds, such as quitclaim deeds, by providing guarantees on the title's legitimacy, making it a more secure option for property transfer.
Key parts of this document
- Identification of the Grantor and Grantee.
- Description of the property being transferred.
- Reservation of rights for oil, gas, and minerals.
- Covenants of title assurance from the Grantor.
- Execution details, including signatures and notarization.
- Affidavit of consideration for the property value.
Common use cases
This form is best used when a corporation is transferring ownership of real property to an individual. It may be necessary in situations involving the sale of business property, the distribution of assets during corporate dissolution, or personal transactions whereby a corporation is divesting its interests in real estate. Using this warranty deed helps ensure that the new owner receives clear and undisputed title to the property.
Who this form is for
- Corporations wishing to transfer real property to an individual.
- Individuals receiving property from a corporation.
- Real estate attorneys assisting clients in property transfers.
- Anyone involved in a corporate property transaction requiring a warranty deed.
How to complete this form
- Identify the parties: Enter the names and addresses of the Grantor (corporation) and Grantee (individual).
- Specify the property: Provide a detailed description of the property being transferred.
- Include reservations: Clearly state any excluded rights, such as oil, gas, and mineral interests.
- Gather signatures: Ensure that the authorized officer of the corporation signs the document.
- Notarization: Have the deed notarized to ensure its legal validity.
- Document consideration: State the value considered for the property transfer.
Is notarization required?
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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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 provide accurate property descriptions.
- Not including required signatures from all necessary parties.
- Neglecting to reserve rights for oil, gas, and minerals when applicable.
- Not obtaining notarization, which may prevent the deed from being valid.
Why use this form online
- Convenience: Download and complete the form at your own pace.
- Editability: Customize the form as needed for specific transactions.
- Reliability: Access professionally drafted forms that comply with legal requirements.
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FAQ
A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.Our title agents can help.
In order to convey any real property or an interest in property in Tennessee, the deed must be in writing, acknowledged by the grantor, and registered in the county where the property is located. The Annotated Code of Tennessee allows for the transfer of real property through the usage of a variety of deeds.
The Tennessee general warranty deed is a form that conveys real estate with a guarantee from a Seller to a Buyer that the title shall be free and clear of all liens and encumbrances (fee simple).
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
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.
When recorded, a special warranty deed conveys an interest in real property to the named grantee with limited warranties of title. In Tennessee, special warranty deeds are statutory.This means that the deed will not protect the grantee against title issues that arose prior to the time the grantor acquired title.
Key Takeaways. A property deed is a legal document that transfers the ownership of real estate from a seller to a buyer.General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law
Tennessee deed forms convey interest in property from one party (the Grantor) to another (the Grantee). The documents can be prepared by anyone as long as the required information is written in the deed as outlined in § 66-5-103.
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.
