In West Virginia, a General Warranty Deed (To Joint Tenants with Right of Survivorship) is a legal document used in real estate transactions to transfer ownership of a property from one party to another, specifically to joint tenants with the right of survivorship. This type of deed guarantees that the property is free from any title defects or claims, offering the highest level of protection to the buyer. The term "General Warranty Deed" indicates that the seller is providing a comprehensive warranty, covering the entire history of the property. Keywords: West Virginia, General Warranty Deed, Joint Tenants, Right of Survivorship, real estate transactions, transfer of ownership, title defects, claims, the highest level of protection, seller's warranty. Different types of General Warranty Deeds related to joint tenants with the right of survivorship can be: 1. West Virginia Special Warranty Deed (To Joint Tenants with Right of Survivorship): This type of deed offers a limited warranty that protects the buyer only against title issues that occurred during the seller's ownership, rather than the entire history of the property. 2. West Virginia Quitclaim Deed (To Joint Tenants with Right of Survivorship): Unlike a General Warranty Deed, a quitclaim deed provides the least amount of protection to the buyer. It transfers whatever interest the seller has in the property, without any warranty or guarantee. 3. West Virginia Bargain and Sale Deed (To Joint Tenants with Right of Survivorship): This type of deed warrants that the seller holds the title to the property but offers no warranty against defects or claims that may have arisen before the seller acquired the property. Each type of deed varies in the level of protection and guarantees it offers to the buyer. However, a General Warranty Deed (To Joint Tenants with Right of Survivorship) provides the most extensive protection, assuring the buyer that the property's title is clear and free of any encumbrances or defects throughout its entire history.
West Virginia General Warranty Deed (To Joint Tenants with Right of Survivorship)
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FAQ
Owners in a joint tenancy with the right of survivorship cannot transfer their interest during their lifetime. If the court awards a partition to co-tenants, the court will normally attempt a partition by kind.
There are two types of tenancies that possess the right of survivorship: joint tenancy and tenancy by the entirety.
To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorders office.
There are two types of tenancies that possess the right of survivorship: joint tenancy and tenancy by the entirety.
A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.
Tenancy in Common is one of three types of shared ownership. The other two types are Joint Tenancy and Tenancy by Entirety. A TIC has no right of survivorship and when a tenant in common dies, their share of the property passes to their estate, where a beneficiary of the share of property may be named.
For example, if two people, Mark and Amanda, own a property together and Mark dies, then Amanda will become to sole owner of the property even if this is not detailed in the will because the two of them purchased the property together.
Which of these cannot take title as a joint tenant with right of survivorship? A corporation. Because a corporation continues indefinitely until terminated by legal action, a corporation may never take title as a joint tenant. It would never die.
