Elizabeth New Jersey Warranty Deed from Corporation to Husband and Wife

• Category: New Jersey Real Estate - Deeds - Warranty
• State: New Jersey
• Control #: NJ-010-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Husband and Wife form is a Warranty Deed where the Grantor is a corporation and the Grantees are husband and wife. Grantor conveys and warrants the described property to Grantees less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all applicable state statutory laws. A warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another. In the case of Elizabeth, New Jersey, there are specific types of warranty deeds that pertain to transfers from a corporation to a husband and wife. Here is a detailed description of what an Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife entails, with relevant keywords included: 1. Definition: An Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife is a legally binding document that facilitates the transfer of property ownership from a corporation to a married couple in Elizabeth, New Jersey. 2. Key parties involved: The key parties involved in this transaction are the corporation (as the granter), which is transferring the property, and the husband and wife (as grantees), who are the recipients of the property. 3. Transfer of ownership: This warranty deed guarantees that the corporation holds legal ownership of the property and has the authority to transfer it to the husband and wife. It ensures that the couple will receive a clear and marketable title, free from any liens, encumbrances, or claims. 4. Property description: The warranty deed includes a detailed description of the property being transferred, including its address, boundaries, and any associated structures or improvements. 5. Warranty of title: The warranty deed contains a warranty of title, guaranteeing that the corporation is the rightful owner of the property and that there are no undisclosed claims or defects in the title history. 6. Consideration: The document specifies the consideration (or payment) exchanged between the corporation and the husband and wife in exchange for the property transfer. This consideration can be in the form of money, services, or other valuable assets. 7. Signatures and notarization: To make the warranty deed legally valid, it requires the signatures of authorized representatives of the corporation, the husband, and wife. It must also be notarized to ensure its authenticity. Types of Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the husband and wife. It guarantees that the corporation will defend against any claims arising from the property's past, assuring the couple of full ownership rights. 2. Special Warranty Deed: A special warranty deed guarantees that the corporation only warrants against claims or encumbrances that occurred during its ownership. It does not cover any issues preceding the corporation's ownership. In conclusion, an Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife is a legal document that facilitates the transfer of property ownership from a corporation to a married couple. This deed guarantees clear and marketable title to the husband and wife and provides different levels of protection, such as general or special warranty deeds, depending on the extent of warranty offered by the corporation.

A warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another. In the case of Elizabeth, New Jersey, there are specific types of warranty deeds that pertain to transfers from a corporation to a husband and wife. Here is a detailed description of what an Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife entails, with relevant keywords included: 1. Definition: An Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife is a legally binding document that facilitates the transfer of property ownership from a corporation to a married couple in Elizabeth, New Jersey. 2. Key parties involved: The key parties involved in this transaction are the corporation (as the granter), which is transferring the property, and the husband and wife (as grantees), who are the recipients of the property. 3. Transfer of ownership: This warranty deed guarantees that the corporation holds legal ownership of the property and has the authority to transfer it to the husband and wife. It ensures that the couple will receive a clear and marketable title, free from any liens, encumbrances, or claims. 4. Property description: The warranty deed includes a detailed description of the property being transferred, including its address, boundaries, and any associated structures or improvements. 5. Warranty of title: The warranty deed contains a warranty of title, guaranteeing that the corporation is the rightful owner of the property and that there are no undisclosed claims or defects in the title history. 6. Consideration: The document specifies the consideration (or payment) exchanged between the corporation and the husband and wife in exchange for the property transfer. This consideration can be in the form of money, services, or other valuable assets. 7. Signatures and notarization: To make the warranty deed legally valid, it requires the signatures of authorized representatives of the corporation, the husband, and wife. It must also be notarized to ensure its authenticity. Types of Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the husband and wife. It guarantees that the corporation will defend against any claims arising from the property's past, assuring the couple of full ownership rights. 2. Special Warranty Deed: A special warranty deed guarantees that the corporation only warrants against claims or encumbrances that occurred during its ownership. It does not cover any issues preceding the corporation's ownership. In conclusion, an Elizabeth, New Jersey Warranty Deed from Corporation to Husband and Wife is a legal document that facilitates the transfer of property ownership from a corporation to a married couple. This deed guarantees clear and marketable title to the husband and wife and provides different levels of protection, such as general or special warranty deeds, depending on the extent of warranty offered by the corporation.