This form is a Warranty Deed where the Grantor is an individual and the Grantees are three individuals. Grantor conveys and warrants the described property to the Grantees. The Grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A New Mexico Warranty Deed — Individual to Three Individuals is a legal document that is used to transfer ownership of real estate from one individual to up to three individuals. The deed provides the grantee(s) with certain rights, such as the right to possess the property, the right to use the property for their own purposes, and the right to transfer or sell the property in the future. This type of deed also includes a warranty of title, which means that the granter is guaranteeing that they have the legal right to transfer the property and that the title is free from any claims or encumbrances. There are two main types of New Mexico Warranty Deed — Individual to Three Individuals: the General Warranty Deed and the Special Warranty Deed. The General Warranty Deed offers the broadest protection, as it guarantees the title of the property against any claims or encumbrances, including any that may have been created by the granter. The Special Warranty Deed only guarantees the title of the property against claims or encumbrances created by the granter.
