Elizabeth New Jersey Warranty Deed from Corporation to Corporation

• Category: New Jersey Real Estate - Deeds - Warranty
• State: New Jersey
• Control #: NJ-013-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and warrants the described property to Grantee 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 state statutory laws. A warranty deed is a legal document used to transfer real estate ownership from one party to another. In the case of Elizabeth, New Jersey, a warranty deed from corporation to corporation signifies the transfer of property between two corporate entities. This type of transaction ensures that the corporation receiving ownership obtains the property free from any claims or encumbrances other than those specifically stated in the deed. The Elizabeth, New Jersey warranty deed from corporation to corporation typically includes vital information such as the names of the granter (transferring party) and the grantee (receiving party), a detailed description of the property being conveyed, the terms and conditions of the transfer, and any specific warranties or guarantees made by the granter. This agreement aims to protect the grantee from any defects or problems associated with the title of the property. Some different types of Elizabeth, New Jersey warranty deeds from corporation to corporation include: 1. General Warranty Deed: This type of deed provides the highest level of protection for the grantee. It assures the corporate entity receiving the property that the granter guarantees the title to be free and clear from any defects, even if they arose before the granter acquired the property. 2. Special Warranty Deed: This deed assures the grantee that the granter guarantees the title against any defects or claims only during the granter's ownership of the property. It does not cover any issues that occurred before the granter acquired the property. 3. Quitclaim Deed: Although not commonly used for transactions between corporations, a quitclaim deed transfers whatever interest the granter has in the property to the grantee without any warranties or guarantees. This type of deed offers the least amount of protection to the grantee. 4. Bargain and Sale Deed: This type of deed conveys the property to the grantee without any warranties or guarantees. It signifies that the granter has the right to sell the property, but makes no promises regarding the property's past or present condition. It is important to note that each jurisdiction may have specific regulations regarding warranty deeds from corporation to corporation. Therefore, it is advisable to consult with a qualified real estate attorney or professional to ensure compliance with Elizabeth, New Jersey's local laws and regulations when executing such a transaction.

A warranty deed is a legal document used to transfer real estate ownership from one party to another. In the case of Elizabeth, New Jersey, a warranty deed from corporation to corporation signifies the transfer of property between two corporate entities. This type of transaction ensures that the corporation receiving ownership obtains the property free from any claims or encumbrances other than those specifically stated in the deed. The Elizabeth, New Jersey warranty deed from corporation to corporation typically includes vital information such as the names of the granter (transferring party) and the grantee (receiving party), a detailed description of the property being conveyed, the terms and conditions of the transfer, and any specific warranties or guarantees made by the granter. This agreement aims to protect the grantee from any defects or problems associated with the title of the property. Some different types of Elizabeth, New Jersey warranty deeds from corporation to corporation include: 1. General Warranty Deed: This type of deed provides the highest level of protection for the grantee. It assures the corporate entity receiving the property that the granter guarantees the title to be free and clear from any defects, even if they arose before the granter acquired the property. 2. Special Warranty Deed: This deed assures the grantee that the granter guarantees the title against any defects or claims only during the granter's ownership of the property. It does not cover any issues that occurred before the granter acquired the property. 3. Quitclaim Deed: Although not commonly used for transactions between corporations, a quitclaim deed transfers whatever interest the granter has in the property to the grantee without any warranties or guarantees. This type of deed offers the least amount of protection to the grantee. 4. Bargain and Sale Deed: This type of deed conveys the property to the grantee without any warranties or guarantees. It signifies that the granter has the right to sell the property, but makes no promises regarding the property's past or present condition. It is important to note that each jurisdiction may have specific regulations regarding warranty deeds from corporation to corporation. Therefore, it is advisable to consult with a qualified real estate attorney or professional to ensure compliance with Elizabeth, New Jersey's local laws and regulations when executing such a transaction.