This form is a Warranty Deed where the Grantor is a business entity such as a corporation or limited liability company, acting through an attorney, and the Grantees are two individuals or husband and wife. Grantor conveys and warrants the described property to Grantees. This deed complies with all state statutory laws.
Evansville Indiana Warranty Deed from Business Entity, through attorney-in-fact, to Two Individuals or Husband and Wife A warranty deed is a legal document that facilitates the transfer of property ownership rights from one party, a business entity, to two individuals or a husband and wife. In Evansville, Indiana, this type of warranty deed is commonly used to establish clear and legally-binding property ownership. A warranty deed offers certain assurances to the buyer, known as the grantee(s), that the property being transferred is free from any claims or encumbrances, except those explicitly stated in the deed itself. This ensures that the grantee(s) will have complete ownership and possession of the property without any title-related issues. When a business entity, such as a corporation or limited liability company, is transferring property through an attorney-in-fact, it means that the authority to act on behalf of the entity has been granted to an individual or an attorney, known as the attorney-in-fact. This authorized person represents the business entity and carries out the necessary tasks to complete the transfer process. In Evansville, Indiana, there can be various types of warranty deeds from a business entity to two individuals or a husband and wife, based on specific circumstances and requirements. Some commonly known types include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee(s). It guarantees that the property is free from any defects, claims, or title issues, both during the granter's ownership and before. The granter assumes liability for any claims that may arise in the future. 2. Special Warranty Deed: With a special warranty deed, the granter guarantees that they have not created any encumbrances or defects during their ownership. However, it does not cover any issues that already existed before the granter acquired the property. 3. Quitclaim Deed: A quitclaim deed is used when the granter wants to transfer their interest in the property without any warranties or guarantees. It implies that the granter is not making any claims about the property's quality or title, but merely relinquishing any rights they may have. These types of warranty deeds are commonly used in Evansville, Indiana, to establish clear property ownership and ensure a smooth transfer process from a business entity to two individuals or a husband and wife. It is crucial to seek the guidance of a qualified attorney to draft and execute these deeds accurately, considering the specific needs of all parties involved.
