Bronx New York Warranty Deed from Corporation to Two Individuals

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• Control #: NY-014-78
• Format: Word; Rich Text

Description

This Warranty Deed from Corporation to Two Individuals form is a Warranty Deed where the Grantor is a corporation and the Grantees are two individuals. Grantors 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 state statutory laws. A Bronx New York Warranty Deed from a Corporation to Two Individuals is a legal document that transfers ownership of property from a corporation to two individuals while ensuring that the corporation guarantees the property is free from any defects or claims. This type of transfer is commonly used when a business entity wishes to sell or transfer its real estate holdings to specific individuals. A warranty deed is a legally binding instrument of conveyance that provides a guarantee or warranty, from the corporation who is transferring the property, to the two individuals receiving the property. It assures the individuals that the corporation has the legal right to sell the property and that the property is free from any encumbrances or claims. The contents of the Bronx New York Warranty Deed from Corporation to Two Individuals include: 1. Identification: The deed starts by providing the names, addresses, and roles of the parties involved — the corporation as the grantor and the two individuals as the grantees. 2. Property Description: It contains a detailed description of the property being transferred, including the legal description, address, lot number, and other relevant identifying information. The property may be a residential, commercial, or vacant land. 3. Consideration: The deed mentions the amount of money, valuables, or any other consideration exchanged between the corporation and the two individuals for the property transfer. 4. Corporation's Ownership Representation: The corporation provides a clause stating that it is the sole owner of the property and has the authority to convey the property to the individuals. This ensures that the individuals receive clear title to the property. 5. Warranty Clause: The deed includes a warranty clause where the corporation guarantees that the property is free from any defects, claims, liens, or encumbrances. If any such issues arise, the corporation is responsible for compensating the individuals for the damages incurred. 6. Execution and Notarization: The deed is signed by the authorized representative of the corporation, and the signatures of the two individuals, witnessing the parties' willingness to proceed with the transfer. A licensed notary public will then authenticate the signatures. Types of Bronx New York Warranty Deed from Corporation to Two Individuals may include: 1. General Warranty Deed: Provides the highest level of assurance to the individuals by guaranteeing the property against any defects, claims, or encumbrances from any previous owners. 2. Special Warranty Deed: Similar to a General Warranty Deed but offers only limited warranties that cover the period during which the corporation owned the property, excluding any claims or encumbrances from prior ownership. 3. Quitclaim Deed: Transfers the corporation's ownership rights in the property to the individuals without any warranties. The corporation does not guarantee against any claims or issues that may exist on the property. In conclusion, a Bronx New York Warranty Deed from Corporation to Two Individuals is a legal document that transfers property ownership with a guarantee from the corporation to the individuals. It protects the individuals by ensuring the property is free from any defects or claims, and it comes in various types, including General Warranty Deed, Special Warranty Deed, and Quitclaim Deed.

A Bronx New York Warranty Deed from a Corporation to Two Individuals is a legal document that transfers ownership of property from a corporation to two individuals while ensuring that the corporation guarantees the property is free from any defects or claims. This type of transfer is commonly used when a business entity wishes to sell or transfer its real estate holdings to specific individuals. A warranty deed is a legally binding instrument of conveyance that provides a guarantee or warranty, from the corporation who is transferring the property, to the two individuals receiving the property. It assures the individuals that the corporation has the legal right to sell the property and that the property is free from any encumbrances or claims. The contents of the Bronx New York Warranty Deed from Corporation to Two Individuals include: 1. Identification: The deed starts by providing the names, addresses, and roles of the parties involved — the corporation as the grantor and the two individuals as the grantees. 2. Property Description: It contains a detailed description of the property being transferred, including the legal description, address, lot number, and other relevant identifying information. The property may be a residential, commercial, or vacant land. 3. Consideration: The deed mentions the amount of money, valuables, or any other consideration exchanged between the corporation and the two individuals for the property transfer. 4. Corporation's Ownership Representation: The corporation provides a clause stating that it is the sole owner of the property and has the authority to convey the property to the individuals. This ensures that the individuals receive clear title to the property. 5. Warranty Clause: The deed includes a warranty clause where the corporation guarantees that the property is free from any defects, claims, liens, or encumbrances. If any such issues arise, the corporation is responsible for compensating the individuals for the damages incurred. 6. Execution and Notarization: The deed is signed by the authorized representative of the corporation, and the signatures of the two individuals, witnessing the parties' willingness to proceed with the transfer. A licensed notary public will then authenticate the signatures. Types of Bronx New York Warranty Deed from Corporation to Two Individuals may include: 1. General Warranty Deed: Provides the highest level of assurance to the individuals by guaranteeing the property against any defects, claims, or encumbrances from any previous owners. 2. Special Warranty Deed: Similar to a General Warranty Deed but offers only limited warranties that cover the period during which the corporation owned the property, excluding any claims or encumbrances from prior ownership. 3. Quitclaim Deed: Transfers the corporation's ownership rights in the property to the individuals without any warranties. The corporation does not guarantee against any claims or issues that may exist on the property. In conclusion, a Bronx New York Warranty Deed from Corporation to Two Individuals is a legal document that transfers property ownership with a guarantee from the corporation to the individuals. It protects the individuals by ensuring the property is free from any defects or claims, and it comes in various types, including General Warranty Deed, Special Warranty Deed, and Quitclaim Deed.