This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. 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.
Missouri Warranty Deed from Corporation to Individual
Category:
State:
Missouri
Control #:
MO-011-78
Format:
Word;
Rich Text
Instant download
Description
Definition and meaning
A Missouri Warranty Deed from Corporation to Individual is a legal document that facilitates the transfer of property ownership from a corporation to an individual. This type of deed ensures that the title being conveyed is free of any encumbrances or legal claims, providing assurance to the buyer (grantee) regarding their ownership rights.
How to complete a form
Completing the Missouri Warranty Deed is a straightforward process. Follow these steps:
- Enter the date of the transaction and both the grantor's (corporation) and grantee's (individual) names and addresses.
- Provide a detailed legal description of the property being transferred.
- Include any prior instrument references that establish current ownership.
- Sign the deed in front of a notary public, ensuring that the notary acknowledges the transaction.
Who should use this form
This form is essential for any corporation looking to transfer real estate property to an individual. It is particularly relevant for businesses undergoing restructuring, selling off assets, or fulfilling obligations in a property settlement.
Key components of the form
The Missouri Warranty Deed includes several key components:
- Grantor: The corporation transferring the property.
- Grantee: The individual receiving the property.
- Legal Description: A precise description of the property being transferred.
- Consideration: The payment made for the transfer, typically stated as a nominal amount.
- Notary Acknowledgment: A section where a notary public confirms the signing of the document.
What to expect during notarization or witnessing
During notarization, the signatory must present a valid form of identification to the notary public. The notary will verify the identity, witness the signing of the document, and then affix their seal to the deed. This process provides an additional layer of authenticity, ensuring the validity of the transfer.
Common mistakes to avoid when using this form
When completing the Missouri Warranty Deed, be mindful of these common mistakes:
- Failing to include a complete legal description of the property.
- Not having the deed notarized, which can invalidate the transfer.
- Leaving out the acknowledgment section where the notary signs and seals the document.
State-specific requirements
In Missouri, specific requirements must be followed for the deed to be valid. This includes complying with state laws regarding property transfers, ensuring correct notarization, and adhering to any local recording requirements that may apply.
Free preview
How to fill out Missouri Warranty Deed From Corporation To Individual?
Get any template from 85,000 legal documents such as Missouri Warranty Deed from Corporation to Individual on-line with US Legal Forms. Every template is drafted and updated by state-accredited legal professionals.
If you already have a subscription, log in. When you are on the form’s page, click the Download button and go to My Forms to get access to it.
If you have not subscribed yet, follow the steps listed below:
- Check the state-specific requirements for the Missouri Warranty Deed from Corporation to Individual you would like to use.
- Read description and preview the template.
- When you are sure the sample is what you need, simply click Buy Now.
- Select a subscription plan that works for your budget.
- Create a personal account.
- Pay out in one of two appropriate ways: by card or via PayPal.
- Pick a format to download the file in; two ways are available (PDF or Word).
- Download the file to the My Forms tab.
- Once your reusable form is ready, print it out or save it to your device.
With US Legal Forms, you’ll always have quick access to the proper downloadable template. The platform gives you access to forms and divides them into categories to streamline your search. Use US Legal Forms to obtain your Missouri Warranty Deed from Corporation to Individual fast and easy.
Form popularity
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.
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.
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
A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
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.
Locate the Prior Deed to the Property. The prior deed includes important information that is needed to prepare the new deed. Get a New Deed to the Property. Sign and Notarize the New Deed. Record the New Deed in the Land Records.
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.