Yonkers New York Deed With Full Covenants by Corporation

Category:

Real Estate - Deeds - Covenants

State:

New York

City:

Yonkers

Control #:

NY-02282

Format:

Instant download

Description

This form, a Deed with Full Covenants by Corporation, is easily completed or adapted to fit your circumstances. It is available for download now.

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FAQ

In New York, various types of deeds are utilized, including the widely recognized Yonkers New York Deed With Full Covenants by Corporation. This specific deed is favored for its comprehensive guarantees and extensive purchaser protections. By understanding the different types of deeds and their implications, you can select the one that best fits your needs. Choosing the right deed leads to a smoother real estate experience and greater security for your property investment.

The deed that contains the most covenants or guarantees is the Yonkers New York Deed With Full Covenants by Corporation. This deed not only provides extensive warranties but also explicitly outlines the seller's obligations, ensuring that buyers are protected against title defects. By selecting this type of deed, you align yourself with a secure and risk-averse property transaction. It's a robust choice for anyone prioritizing assurance in their real estate dealings.

The strongest form of deed you can obtain is the Yonkers New York Deed With Full Covenants by Corporation. This deed offers the highest level of security and guarantees for the buyer, effectively affirming that the seller will stand behind the title and any obligations defined in the document. If you want to ensure that your investment is well-protected, this type of deed should be at the top of your list. Opting for this deed signifies a commitment to a secure and confident real estate transaction.

The deed that offers the most protection is the Yonkers New York Deed With Full Covenants by Corporation. It includes multiple covenants that secure the buyer's rights, ensuring that there are no hidden claims or encumbrances against the property. By using this type of deed, you not only protect your investment but also gain confidence in your ownership rights. Therefore, this option is ideal for anyone seeking comprehensive legal protection in real estate transactions.

The Yonkers New York Deed With Full Covenants by Corporation boasts the greatest number of warranties. This type of deed provides multiple assurances from the seller, protecting the buyer against potential title issues while ensuring a clear ownership transfer. If you are looking for extensive guarantees, this deed is designed to offer robust protection compared to other types. Choosing this deed can safeguard your investment effectively.

The weakest type of deed is generally considered to be a quitclaim deed. This deed transfers whatever interest the seller has in the property without any guarantees or warranties. Unlike the Yonkers New York Deed With Full Covenants by Corporation, a quitclaim deed does not protect the buyer against any title defects and is not ideal for anyone concerned about potential issues with the property. Thus, it is essential to understand the risks associated with using this type of deed.

A warranty deed in New York is a legal document that guarantees the seller holds clear title to the property. Specifically, the Yonkers New York Deed With Full Covenants by Corporation offers the highest level of protection, including assurances against any future claims. This means that if any issues arise regarding the title, the seller may be held liable. Overall, this type of deed provides peace of mind for those looking to secure their real estate holdings.

In New York, a warranty deed is not the same as a bargain and sale deed. A warranty deed, particularly the Yonkers New York Deed With Full Covenants by Corporation, provides extensive guarantees against defects in the title. In contrast, a bargain and sale deed offers fewer protections, typically transferring property without any guarantees regarding the title. Understanding these distinctions is crucial when choosing the right deed for your transaction.

The Yonkers New York Deed With Full Covenants by Corporation is known for containing the most covenants or guarantees. This deed offers substantial protection to the buyer, as it ensures that the seller will uphold specific obligations concerning the property. By choosing this type of deed, you gain assurance of the property's title and the seller’s commitment to any warranties expressed within. Therefore, it is an ideal option for securing your real estate investment.

In New York, a deed must contain essential elements such as the names of the granter and grantee, a clear property description, and must be signed and notarized. For a Yonkers New York Deed With Full Covenants by Corporation, including full covenants is vital for transfer assurance. Additionally, ensure compliance with local regulations when preparing your deed. Utilizing USLegalForms can help you meet these requirements effectively.

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Deed With Full Covenants by Corporation

Definitions and Terms Relevant to Deeds

Note: The information below is a general statement of the law of deeds and is applicable in most states. However, state laws may vary the general statement slightly or to a large degree. The discussion below is intended as general and not as applicable to a particular state. The actual forms will reflect the requirements of your state.

Types of Deeds:

Warranty Deed - If a deed is intended to be a general warranty deed, it should contain a phase specified by state law such as the phrase "conveys and warrants". These words, called operative words of conveyance, carry with them several warranties which the grantor is making to the grantee. Examples of the warranties are:

First, the grantor warrants that the grantor is the lawful owner of the property at the time the deed is made and delivered and that the grantor has the right to convey the property.

Second, the grantor warrants that the property is free from all encumbrances or liens.

Third, the grantor warrants that he or she will defend title to the estate so that the grantee and the grantee's heirs and assigns may enjoy quiet and peaceable possession of the premises with the power to convey the property.

Quitclaim Deed - A quit claim deed conveys to the grantee and the grantee's heirs and assigns in fee all of the legal or equitable rights the grantor has in the property that existed at the time of the conveyance. An example of operative words of conveyance are "convey and quit claim." There are no warranties of title.

Special Warranty Deed - In contrast to a general warranty deed, a special warranty deed limits the liability of the grantor by warranting only what the deed explicitly states. A special warranty deed has practically the same effect as a quitclaim deed. Special warranty deeds are generally used by corporations or other entities that want to avoid assuming the liability of a general warranty deed. Like the general warranty deed, the special warranty deed should contain the appropriate language such as "conveys and specially warrants." Usually, the grantor warrants that he or she did nothing to impair title during the period the grantor held the title. While a special warranty deed may contain covenants of title, these covenants will usually cover only those claims arising by, through, or under the grantor.

Fiduciary Deed - This is a deed to be executed by a fiduciary such as a trustee, guardian, conservator, or similar person in their appointed capacity.

Terms Common to Deeds:

Grantor - The person who owns the property and executes the deed conveying the property to another person. This can be one or more persons, a corporation, limited liability company (LLC), partnership or other entity.

Grantee - The person who receives title to the property. The grantee can be one or more persons, a corporation, LLC, partnership or other entity.

Consideration - The value given to the grantor by the grantee in exchange for the conveyance. Some states include the exact consideration in the deed and others do not but instead include a statement of consideration as being 10.00 and other good and valuable consideration.

Operative Words of Conveyance - These are state specific and generally are statutory. They show intent to transfer present title. As previously mentioned, examples are "conveys and warrants", or "convey and quitclaim" or convey and specially warrant".

Legal Description - The legal definition of the property being conveyed. This is contained in the deed where the grantor obtained title to the property and should be used in the deed where the grantor conveys the property exactly as written in the grantors deed unless not all of the property is being conveyed.

Life Estate - A life estate is where a person owns all the benefits of ownership in the property during their life, or the life of another, with the property going to a remainder person after the death of the life tenant.

Tenants in Common - This is how two or more people (co-tenants) may take title to property who intend their share in the property to be separate from the other on death. On the death of the tenant in common the deceased persons ownership in the property is left to his or her heirs or as specified by Will. Compare to Joint Tenants. If tenant in common ownership is desired the deed usually provides, "to Grantees, A and B, as tenants in common and not as joint tenants".

Joint Tenants with Rights of Survivorship - This is how two or more persons may take title to property when the parties want the entire ownership to go to the survivor instead of the heirs of the survivor. On death of a joint tenant with rights of survivorship, the entire interest of the deceased co-tenant goes to the surviving co-tenants. Compare to Tenants in Common. It is common for husband and wife to take title as joint tenants with rights of survivorship. If joint tenant with rights of survivorship ownership is desired, the deed usually provides, "to Grantees, A and B, as joint tenants with rights of survivorship and not as tenants in common".

Community Property - In community property states, special laws govern how property is owned between husband and wife.

Reservation Clause - This is a provision of a deed where the grantor may reserve some right in the property such as mineral rights.

Exception Clause - This is a clause in a deed were exceptions to title conveyed may be listed. Example, "Less and Except a prior reservation of all oil, gas and mineral rights in the property conveyed."

Subject to Clause - This is a clause in a deed where property useage rights may be states. Example: "Subject to all rights of way, easements and protective covenants of record".

Execution and Acknowledgments

Execution - A deed must be in writing and signed by the grantor(s). Generally, deeds conveying a homestead estate must also be signed by the grantor's spouse.

Acknowledgments - In addition to the signature of the grantor(s), deeds must be acknowledged to be recorded and acceptable as evidence of ownership without other proof. Each state has special acknowledgment forms.

Procedural Requirements

Name, Address, phone - The names of the grantor and the grantee should appear on the deed. The address and phone numbers are also usually included.

Recording or Filing Place - Generally, deeds should be recorded in the county in which the real estate is located. Although generally a deed does not have to be recorded to be a valid conveyance, there are practical reasons for recording a deed. Deeds usually do not take effect as to creditors and subsequent purchasers without notice until the instrument is recorded. Thus, unrecorded deeds may be void as to all subsequent creditors and subsequent purchasers without notice until they are filed for record. Recording a deed places subsequent purchasers on constructive notice in that subsequent purchasers are deemed to have actual knowledge of any recorded instrument. Some states are "race-notice" states, which means that the first grantee without notice to record a deed to property will be protected against the interests of other grantees with unrecorded deeds to the same property.

Acceptance and Delivery - Another element of a valid deed is that the deed must be delivered and accepted to be an effective conveyance. Most states assume delivery if the grantee is in possession of the deed. The deed also must be accepted by the grantee. This acceptance does not need to be shown in any formal way, but rather may be by any act, conduct or words showing an intention to accept such as recording the deed.

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Deed With Full Covenants by Corporation

Definitions and Terms Relevant to Deeds

Types of Deeds:

First, the grantor warrants that the grantor is the lawful owner of the property at the time the deed is made and delivered and that the grantor has the right to convey the property.

Second, the grantor warrants that the property is free from all encumbrances or liens.

Fiduciary Deed - This is a deed to be executed by a fiduciary such as a trustee, guardian, conservator, or similar person in their appointed capacity.

Terms Common to Deeds:

Grantee - The person who receives title to the property. The grantee can be one or more persons, a corporation, LLC, partnership or other entity.

Community Property - In community property states, special laws govern how property is owned between husband and wife.

Reservation Clause - This is a provision of a deed where the grantor may reserve some right in the property such as mineral rights.

Subject to Clause - This is a clause in a deed where property useage rights may be states. Example: "Subject to all rights of way, easements and protective covenants of record".

Execution and Acknowledgments

Execution - A deed must be in writing and signed by the grantor(s). Generally, deeds conveying a homestead estate must also be signed by the grantor's spouse.

Procedural Requirements

Name, Address, phone - The names of the grantor and the grantee should appear on the deed. The address and phone numbers are also usually included.

How to Order

To order the deed you have located, close this window and click on the order icon.

Yonkers New York Deed With Full Covenants by Corporation

Description

Related forms

Viewed forms

How to fill out New York Deed With Full Covenants By Corporation?

Form popularity

FAQ

What type of deed is used in New York?

What deed contains the most covenants or guarantees?

Which is the strongest form of deed?

Which deed has the most protection?

Which deed has the greatest number of warranties?

What is the weakest type of deed?

What is a warranty deed in New York?

Is warranty deed the same as bargain and sale deed in NY?

What deed would contain the most covenants or guarantees?

What are the requirements of a deed in New York?

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Trusted and secure by over 3 million people of the world’s leading companies

Yonkers New York Deed With Full Covenants by Corporation

Description

Related forms

Viewed forms

How to fill out New York Deed With Full Covenants By Corporation?

Form popularity

FAQ

What type of deed is used in New York?

What deed contains the most covenants or guarantees?

Which is the strongest form of deed?

Which deed has the most protection?

Which deed has the greatest number of warranties?

What is the weakest type of deed?

What is a warranty deed in New York?

Is warranty deed the same as bargain and sale deed in NY?

What deed would contain the most covenants or guarantees?

What are the requirements of a deed in New York?