This form is a General Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantor conveys and generally warrants the described property to the Grantees. The Grantees take the property as tenants in common, joint tenants with the right of survivorship or tenants by the entireties. This deed complies with all state statutory laws.
A Wake North Carolina General Warranty Deed from Individual Granter to Two Grantees is a legal document used to transfer ownership of property from a single individual (the granter) to two recipients (the grantees) within the context of Wake County, North Carolina. This type of deed provides a comprehensive guarantee that the granter has full and clear ownership rights to the property being conveyed and ensures that the grantees will not face any claims or legal issues regarding the title in the future. Keywords: Wake North Carolina General Warranty Deed, Individual Granter, Two Grantees, property transfer, ownership rights, full title guarantee, legal document, Wake County. Different types of Wake North Carolina General Warranty Deed from Individual Granter to Two Grantees may include: 1. Joint Tenancy with Right of Survivorship: In this arrangement, the two grantees are considered equal owners of the property, and when one grantee passes away, their share automatically transfers to the surviving grantee. 2. Tenants in Common: In this type of deed, each grantee possesses a specific percentage of ownership in the property. The percentages can be unequal, and if one grantee passes away, their share will not automatically transfer to the other grantee but will become part of their estate. 3. Community Property with Right of Survivorship: This type of deed is applicable if the grantees are married. It implies that both spouses have an equal interest in the property, and upon the death of one spouse, the property automatically transfers to the surviving spouse. 4. Tenancy by the Entirety: This form of ownership is exclusively available to married couples. It provides the highest level of joint ownership protection, where both spouses hold an equal and undivided interest in the property. In case of either spouse's death, the property automatically transfers to the surviving spouse. Remember, it is vital to consult with a real estate attorney or financial advisor familiar with Wake County regulations to determine which type of Wake North Carolina General Warranty Deed is most suitable for your specific situation and requirements.
