Vermont Warranty Deed from Corporation to Two Individuals
Understanding this form
The Warranty Deed from Corporation to Two Individuals is a legal document used to transfer property ownership from a corporation (the Grantor) to two individuals (the Grantees). This deed ensures that the Grantor guarantees title to the property, offering protection against any claims or encumbrances. Unlike other forms of deeds, this warranty deed includes specific provisions for the joint ownership of the property by the two individuals, including rights of survivorship.
Form components explained
- Legal description of the property
- Grantor's and Grantees' information
- Reservation of mineral rights by the Grantor
- Covenant of title assurance by the Grantor
- Joint tenancy provisions with rights of survivorship
- Date and signature lines for execution
Situations where this form applies
This warranty deed should be used when a corporation is transferring property ownership to two individuals. It is often needed in situations such as real estate transactions, estate planning, or asset transfers, where the parties wish to establish joint ownership with specific survivorship rights.
Who can use this document
- Corporations looking to transfer property to individuals
- Individuals receiving property from a corporate entity
- Those interested in establishing joint ownership of property with survivorship rights
Instructions for completing this form
- Identify the parties involved, including the corporation as the Grantor and the two individuals as the Grantees.
- Specify the property being transferred, referring to the legal description attached as Exhibit A.
- Indicate the effective date of the transfer and the signatures of the Grantor and Grantees.
- Include any reservations, such as mineral rights, if applicable.
- Ensure the form is notarized, if required, for it to be legally valid.
Does this form need to be notarized?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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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.
Common mistakes to avoid
- Failing to include a complete legal description of the property.
- Not specifying joint ownership terms correctly.
- Neglecting to notarize the document if required by state law.
- Not checking for existing encumbrances or reservations on the property.
Benefits of completing this form online
- Convenient access to customizable templates that meet legal standards.
- Editable forms that allow for specific details to be easily included.
- Quick downloading process, enabling immediate use.
- Guidance provided by licensed attorneys in the form drafting process.
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FAQ
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
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.
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.
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.
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.
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.
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.
