Nassau New York Warranty Deed from Corporation to Individual

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• Control #: NY-011-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. 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 Nassau New York Warranty Deed from Corporation to Individual is a legally binding document that transfers the ownership of real property from a corporation to an individual while providing guarantees and assurances to the buyer. This type of deed ensures that the individual receiving the property has clear and marketable title, meaning there are no liens, encumbrances, or claims against the property. In Nassau County, New York, there are two main types of Warranty Deeds from Corporation to Individual: 1. General Warranty Deed: A General Warranty Deed offers the highest level of protection to the individual buyer. It guarantees that the corporation has lawful ownership of the property and has the right to sell it. Furthermore, it ensures that there are no undisclosed encumbrances or defects in the title that could jeopardize the buyer's ownership rights. The corporation assumes liability for any issues that may arise pertaining to the property's title, even if they occurred before the corporation acquired the property. 2. Limited Warranty Deed: A Limited Warranty Deed also provides certain assurances to the individual buyer, but with limitations. It guarantees that the corporation has not caused any defects in the title during its ownership, but it does not cover any defects or encumbrances that may have existed before the corporation acquired the property. In other words, the individual buyer is protected only against issues that arose while the corporation owned the property, and not against any issues that predate their ownership. When preparing a Nassau New York Warranty Deed from Corporation to Individual, key elements and keywords to include can be: 1. Parties Involved: Clearly specify the full legal names and addresses of both the corporation transferring the property and the individual receiving it. 2. Description of Property: Provide a detailed legal description of the property being transferred, including its address, lot number, and any other relevant information that accurately identifies the property. 3. Consideration: State the amount of money or other valuable consideration exchanged between the corporation and the individual for the property. 4. Granting Clause: Include a clause that clearly states the intention of the corporation to transfer ownership of the property to the individual without any encumbrances. 5. Covenants: Specify the type of warranty being provided — whether it is a General Warranty Deed or a Limited Warranty Deed — and outline the covenants, promises, and guarantees made by the corporation regarding the property's title. 6. Signatures and Notarization: Ensure that the deed is signed by the authorized representatives of both the corporation and the individual in the presence of a notary public. 7. Recording: Advise the individual buyer to record the Warranty Deed with the Nassau County Clerk's Office to establish a public record of the property ownership transfer. It is crucial to consult with a qualified real estate attorney or title company when preparing or interpreting any legal documents, including Nassau New York Warranty Deeds from Corporation to Individual, to ensure compliance with local regulations and to address any specific circumstances or requirements.

A Nassau New York Warranty Deed from Corporation to Individual is a legally binding document that transfers the ownership of real property from a corporation to an individual while providing guarantees and assurances to the buyer. This type of deed ensures that the individual receiving the property has clear and marketable title, meaning there are no liens, encumbrances, or claims against the property. In Nassau County, New York, there are two main types of Warranty Deeds from Corporation to Individual: 1. General Warranty Deed: A General Warranty Deed offers the highest level of protection to the individual buyer. It guarantees that the corporation has lawful ownership of the property and has the right to sell it. Furthermore, it ensures that there are no undisclosed encumbrances or defects in the title that could jeopardize the buyer's ownership rights. The corporation assumes liability for any issues that may arise pertaining to the property's title, even if they occurred before the corporation acquired the property. 2. Limited Warranty Deed: A Limited Warranty Deed also provides certain assurances to the individual buyer, but with limitations. It guarantees that the corporation has not caused any defects in the title during its ownership, but it does not cover any defects or encumbrances that may have existed before the corporation acquired the property. In other words, the individual buyer is protected only against issues that arose while the corporation owned the property, and not against any issues that predate their ownership. When preparing a Nassau New York Warranty Deed from Corporation to Individual, key elements and keywords to include can be: 1. Parties Involved: Clearly specify the full legal names and addresses of both the corporation transferring the property and the individual receiving it. 2. Description of Property: Provide a detailed legal description of the property being transferred, including its address, lot number, and any other relevant information that accurately identifies the property. 3. Consideration: State the amount of money or other valuable consideration exchanged between the corporation and the individual for the property. 4. Granting Clause: Include a clause that clearly states the intention of the corporation to transfer ownership of the property to the individual without any encumbrances. 5. Covenants: Specify the type of warranty being provided — whether it is a General Warranty Deed or a Limited Warranty Deed — and outline the covenants, promises, and guarantees made by the corporation regarding the property's title. 6. Signatures and Notarization: Ensure that the deed is signed by the authorized representatives of both the corporation and the individual in the presence of a notary public. 7. Recording: Advise the individual buyer to record the Warranty Deed with the Nassau County Clerk's Office to establish a public record of the property ownership transfer. It is crucial to consult with a qualified real estate attorney or title company when preparing or interpreting any legal documents, including Nassau New York Warranty Deeds from Corporation to Individual, to ensure compliance with local regulations and to address any specific circumstances or requirements.