Indiana Warranty Deed from two Individuals to Corporation
About this form
This Warranty Deed from two Individuals to Corporation is a legal document that transfers property ownership from two unmarried individuals (the grantors) to a corporation (the grantee). Unlike other deeds, a warranty deed guarantees that the grantors hold clear title to the property and have the legal ability to transfer it, protecting the grantee against any future claims. This form ensures a more secure transfer of property rights and is essential for establishing ownership clearly.
What’s included in this form
- Identification of grantors: Names and addresses of the two individuals transferring the property.
- Identification of grantee: The name and address of the corporation receiving the property.
- Description of the property: A detailed legal description of the property being transferred.
- Warranties provided: Clauses that assure the grantee of the grantors' clear title.
- Signatures: Spaces for the signatures of the grantors, confirming the validity of the transfer.
- Notary section: A designated area for a notary public to authenticate the transaction.
When this form is needed
You should use this Warranty Deed when two unmarried individuals want to legally transfer property ownership to a corporation. This scenario often arises when individuals want to ensure that their property is protected under corporate ownership, such as in business expansions, investments, or other financial strategies.
Who should use this form
This form is intended for:
- Two unmarried individuals wishing to transfer property to a corporation.
- Business owners or investors who need to establish corporate ownership of real estate.
- Real estate agents and attorneys seeking a reliable deed template for transfers between individuals and corporations.
Instructions for completing this form
- Identify the parties: Fill in the names and addresses of the two grantors and the corporation as the grantee.
- Specify the property: Provide a detailed legal description of the property being transferred.
- Review warranties: Ensure that the warranties provided in the form accurately reflect the grantors' intentions.
- Sign the document: Both grantors should sign the deed in the designated areas to validate the transfer.
- Have the document notarized: If required, take the signed document to a notary public for authentication.
Does this form need to be notarized?
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 to avoid
- Failing to provide a complete legal description of the property.
- Not having both grantors sign the document.
- Forgetting to notarize the deed if state law requires it.
- Using outdated templates that do not comply with current laws.
Advantages of online completion
- Convenient access: Download the form instantly in different formats to suit your needs.
- Editability: Customize the form to your specific transaction before printing.
- Reliability: Forms drafted by licensed attorneys ensure legal compliance and clarity.
What to keep in mind
- A Warranty Deed transfers property ownership from individuals to a corporation, providing legal guarantees.
- Completion of the form requires correct identification and signatures of all parties involved.
- Be aware of state-specific requirements that may affect the deed's validity.
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FAQ
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.
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.
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 statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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.
Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.
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.
Discuss the terms of the deed with the new owners. Hire a real estate attorney to prepare the deed. Review the deed. Sign the deed in front of a notary public, with witnesses present. File the deed on public record.
Locate the prior deed to the property. Create the new deed. Sign the new deed. Record the original deed.