Washington Warranty Deed from two Individuals to Corporation
What this document covers
The Warranty Deed from two Individuals to Corporation is a legal document used to transfer real property from two individuals (the Grantors) to a corporation (the Grantee). This form is used to formally convey ownership, ensuring that the property is free from encumbrances, with certain exceptions noted. Unlike other property transfer forms, this specific Warranty Deed includes provisions for the reservation of minerals and rights associated with the property, making it ideal for more complex real estate transactions.
Main sections of this form
- Description of the property being transferred.
- Assessor's property tax parcel/account number.
- Prior instrument reference for property records.
- Reservation of oil, gas, and minerals by the Grantors.
- Covenant assuring the Grantee the property is free from encumbrances.
- Tax prorations for the year of transfer.
- Signature lines for the Grantors and notarization details.
When to use this form
This form should be used when two individuals wish to transfer property ownership to a corporation. It is particularly useful in cases of real estate investment, business transactions, or conveying family property to a business entity. If there are mineral rights involved or if the Grantors wish to reserve certain rights, this form provides the necessary legal framework to address these concerns explicitly.
Who can use this document
- Individuals looking to transfer real estate to a corporation.
- Business owners acquiring property for business purposes.
- Partners in a property partnership wanting to formalize the transfer of assets.
- Real estate agents or lawyers facilitating property transactions.
How to complete this form
- Identify the parties involved by entering the names of the Grantors and the Grantee.
- Clearly describe the property being transferred, including its legal description and tax parcel number.
- Specify the reservation of mineral rights, if applicable.
- Enter the prior instrument reference for record-keeping.
- Provide the date of the transfer and signatures from both Grantors.
- Arrange for the notarization of the completed form.
Does this document require notarization?
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 provide a complete property description.
- Missing signatures from both Grantors.
- Not specifying the mineral rights reservation when applicable.
- Incorrectly entering the prior instrument reference, making the transfer difficult to trace.
Benefits of completing this form online
- Convenience of downloading the form immediately after purchase.
- Editability allows users to fill in specific details for their transaction.
- Access to templates drafted by licensed attorneys ensures legal compliance.
- Time-saving process by eliminating the need to visit legal offices.
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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.
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.
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
A general warranty deed covers the property's entire history.With a special warranty deed, the guarantee covers only the period when the seller held title to the property. Special warranty deeds do not protect against any mistakes in a free-and-clear title that may exist before the seller's ownership.
A warranty deed is a deed in which the grantor warrants good, clear title. It is a deed which explicitly contains covenants concerning the quality of title it conveys. Yes, it is a conveyance ("transfer") of title.
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.
A Washington special warranty deed form conveys Washington real estate from the current owner (grantor) to a new owner (grantee) with a warranty of title that is limited to the period that the grantor owned the property.It has no legislative origin and is not explicitly recognized in the Washington statutes.
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
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.
