West Virginia Warranty Deed from Individual to Corporation
Overview of this form
The Warranty Deed from Individual to Corporation is a legal document that facilitates the transfer of real property from an individual (the grantor) to a corporation (the grantee). This form ensures that the grantor conveys the property with specific warranties, while reserving certain rights related to minerals beneath the land. It serves an essential purpose in real estate transactions, offering protections for both parties involved and clearly establishing ownership rights, unlike other forms that may not cater specifically to corporate transactions.
What’s included in this form
- Identification of the grantor and grantee, specifying their legal status.
- Legal description of the property being conveyed.
- Details regarding any mineral reservations or easements affecting the property.
- Warranties about the grantor's ownership and freedom from encumbrances.
- A declaration of consideration, noting the value for the property transfer.
- Signature lines for all parties, along with notary acknowledgment.
Common use cases
This form is typically used when an individual is transferring property ownership to a corporation. Common scenarios where this may occur include business acquisitions, transfers for investment purposes, or restructuring of ownership within corporate entities. It ensures that the transaction is legally documented and protects the interests of both parties involved.
Who this form is for
- Individuals looking to transfer real property to a corporation.
- Corporations acquiring real estate from individual owners.
- Real estate attorneys facilitating property transfers between individuals and corporations.
How to prepare this document
- Identify and enter the full names of the grantor and the corporation as the grantee.
- Provide a detailed legal description of the property being transferred.
- Complete the declaration of consideration, stating the total value of the property.
- Ensure signatures are obtained from all parties and a notary public where required.
- File the completed deed according to local real estate recording requirements.
Notarization guidance
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.
Common mistakes
- Failing to provide a complete legal description of the property.
- Not obtaining all required signatures, including from a notary public.
- Omitting to declare the exact consideration for the property transferred.
- Not properly reviewing or understanding local tax implications.
Benefits of using this form online
- Convenience of downloading and completing the document at your own pace.
- Editability allows for easy input of specific information and customization.
- Access to forms drafted by licensed attorneys ensures reliability and legal compliance.
What to keep in mind
- This Warranty Deed facilitates the transfer of property from an individual to a corporation.
- It includes necessary protections and warranties for the granter and grantee.
- Completion of the form requires accurate information and notarization for validity.
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FAQ
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
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 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.
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.
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.
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.
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.
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.
