This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
Wisconsin Warranty Deed from Corporation to Corporation
Category:
State:
Wisconsin
Control #:
WI-013-78
Format:
Word;
Rich Text
Instant download
Description
Definition and meaning
A Wisconsin Warranty Deed from Corporation to Corporation is a legal document used to transfer real estate property ownership from one corporation to another within the state of Wisconsin. This deed guarantees that the property title is clear and free of encumbrances, except for any specified easements or covenants. Such a deed is essential for ensuring that the grantee receives full rights to the property being transferred.
How to complete a form
To complete a Wisconsin Warranty Deed from Corporation to Corporation, follow these steps:
- Enter the date of execution.
- Clearly specify the full names of both the grantor (the transferring corporation) and the grantee (the receiving corporation).
- Provide the state of incorporation for each corporation.
- Describe the property being transferred, including the address and the Parcel Identification Number, if available.
- Include any prior instrument references relevant to the deed.
- Ensure to state any exceptions, such as reserved minerals or easements that may apply.
- Have the document signed by an authorized officer of the grantor corporation.
- Complete the notarization process if required.
Who should use this form
This form is intended for use by corporations looking to transfer real estate property to another corporation in Wisconsin. It is commonly used in various business transactions, including mergers, acquisitions, or real estate holdings management. Both the transferring and receiving parties should ensure they understand their obligations and rights regarding the property being transferred.
Key components of the form
The Wisconsin Warranty Deed from Corporation to Corporation includes several critical components:
- Grantor Information: The name and state of incorporation of the transferring corporation.
- Grantee Information: The name and state of incorporation of the receiving corporation.
- Property Description: A detailed description of the property being conveyed, including any attached legal descriptions.
- Consideration: The amount paid for the property, often stated as ten dollars and other valuable considerations.
- Warranties: Statements assuring the grantee of a clear title.
- Signatures: Required signatures of the grantor's representatives and notarization details.
What to expect during notarization or witnessing
During the notarization process for a Wisconsin Warranty Deed from Corporation to Corporation, the following occurs:
- The authorized representative of the grantor corporation will sign the deed in the presence of a notary public.
- The notary will verify the identity of the signer and their authority to execute the document on behalf of the corporation.
- Once verified, the notary will affix their seal and signature, providing official acknowledgment of the transaction.
This process ensures that the deed is legally binding and can be recorded with the appropriate county office.
Common mistakes to avoid when using this form
When completing a Wisconsin Warranty Deed from Corporation to Corporation, it is crucial to avoid the following common mistakes:
- Failing to provide a complete and accurate property description.
- Not including all necessary signatures and notarization details.
- Leaving out vital information, such as the grantor or grantee state of incorporation.
- Inaccurate or incomplete consideration amount, which must be clearly stated.
- Not understanding the implications of any reserved rights or easements listed in the deed.
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How to fill out Wisconsin Warranty Deed From Corporation To Corporation?
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FAQ
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.
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.
Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
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.