Wisconsin Warranty Deed from Individual to Corporation
What is this form?
The Warranty Deed from Individual to Corporation is a legal document used to transfer ownership of real estate from an individual (the grantor) to a corporation (the grantee). This form ensures that the title to the property is conveyed free of encumbrances, except for specified easements and rights of way. Unlike other deeds, this warranty deed offers a guarantee from the grantor regarding the quality of the title, making it a secure choice for real estate transactions involving corporate entities.
Form components explained
- Identification of the property being conveyed.
- Parcel identification number for legal reference.
- Details of any previous instruments related to the property.
- Specific exclusion of oil, gas, and mineral rights from the transaction.
- Warranties regarding the title's validity and its encumbrances.
- Specifics on tax prorations between the grantor and grantee.
- Signature lines for the grantor and notary acknowledgment.
When to use this form
This form is useful when an individual wishes to transfer property ownership to a corporation, such as in a business formation or real estate investment scenario. It is particularly important when the transaction includes a warranty on the title, providing assurance that the property is free from additional claims, aside from noted exceptions.
Who should use this form
This form is intended for:
- Individuals transferring property to a corporation.
- Corporate representatives overseeing property acquisitions.
- Real estate attorneys supporting clients in corporate transactions.
- Individuals involved in real estate investment or development partnerships.
Steps to complete this form
- Identify and describe the property clearly, including its parcel identification number.
- Reference any prior instruments affecting the property (book and page number).
- State the reservation of oil, gas, and mineral rights if applicable.
- Enter the prorated taxes agreement between the grantor and grantee.
- Have the grantor sign the form and obtain notarization as required.
Notarization requirements for this form
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.
Common mistakes to avoid
- Failing to accurately describe the property being transferred.
- Not including the parcel identification number.
- Overlooking the requirement for notarization.
- Neglecting to specify tax prorations between the parties.
Benefits of using this form online
- Easy access and immediate download of legally vetted templates.
- Convenience of completing forms at your own pace and from any location.
- Editable formats that allow customization to fit specific needs.
- Reliable legal guidance from templates drafted by licensed attorneys.
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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.
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.
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.
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.
