Yonkers 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 Yonkers New York Warranty Deed from a Corporation to an Individual is a legal document used to transfer property ownership rights from a corporation to an individual in Yonkers, New York. This type of deed guarantees that the corporation holds clear and marketable title to the property and ensures that the corporation will defend the individual's ownership rights against any potential claims or liens. The Yonkers New York Warranty Deed from Corporation to Individual assures the buyer that the property is free from any undisclosed encumbrances and allows the individual to take ownership of the property with confidence. It provides a strong legal protection for the purchaser, as the corporation guarantees that they have the right to convey the property and will be responsible for any defects in the title. In Yonkers, New York, there are different variations of a Warranty Deed from Corporation to Individual, including: 1. General Warranty Deed: This type of warranty deed guarantees the buyer full protection against any claims or defects in the title, both present and future, including those arising from the actions of previous owners or the corporation. 2. Special Warranty Deed: Unlike the General Warranty Deed, a Special Warranty Deed only guarantees that the corporation is responsible for any title defects or claims that occurred during their ownership of the property. It does not protect against claims or defects that may have existed before their ownership. 3. Quitclaim Deed: Although not a traditional warranty deed, a Quitclaim Deed is another type of transfer document commonly used in Yonkers, New York. This deed transfers the corporation's interest and rights in the property to the individual, but it does not provide any guarantee or warranty regarding the title. It essentially transfers the corporation's interest "as is" without any assurances. It is important for individuals in Yonkers, New York to consult with a real estate attorney or legal professional to understand which type of Warranty Deed suits their specific needs and circumstances. The chosen deed type will have a significant impact on the extent of legal protection and guarantees offered to the buyer during the property transfer process.

A Yonkers New York Warranty Deed from a Corporation to an Individual is a legal document used to transfer property ownership rights from a corporation to an individual in Yonkers, New York. This type of deed guarantees that the corporation holds clear and marketable title to the property and ensures that the corporation will defend the individual's ownership rights against any potential claims or liens. The Yonkers New York Warranty Deed from Corporation to Individual assures the buyer that the property is free from any undisclosed encumbrances and allows the individual to take ownership of the property with confidence. It provides a strong legal protection for the purchaser, as the corporation guarantees that they have the right to convey the property and will be responsible for any defects in the title. In Yonkers, New York, there are different variations of a Warranty Deed from Corporation to Individual, including: 1. General Warranty Deed: This type of warranty deed guarantees the buyer full protection against any claims or defects in the title, both present and future, including those arising from the actions of previous owners or the corporation. 2. Special Warranty Deed: Unlike the General Warranty Deed, a Special Warranty Deed only guarantees that the corporation is responsible for any title defects or claims that occurred during their ownership of the property. It does not protect against claims or defects that may have existed before their ownership. 3. Quitclaim Deed: Although not a traditional warranty deed, a Quitclaim Deed is another type of transfer document commonly used in Yonkers, New York. This deed transfers the corporation's interest and rights in the property to the individual, but it does not provide any guarantee or warranty regarding the title. It essentially transfers the corporation's interest "as is" without any assurances. It is important for individuals in Yonkers, New York to consult with a real estate attorney or legal professional to understand which type of Warranty Deed suits their specific needs and circumstances. The chosen deed type will have a significant impact on the extent of legal protection and guarantees offered to the buyer during the property transfer process.