This form is a Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrant the described property to trustee of trust 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 that transfers ownership of real estate from an individual to a trust. In the case of Oklahoma City, Oklahoma, there are several types of warranty deeds that can be used in this transaction. 1. General Warranty Deed: This is the most common type of warranty deed, providing the highest level of protection to the buyer (trust). It guarantees that the granter (individual) has clear title to the property and warrants against any past or future claims. 2. Special Warranty Deed: This warranty deed differs from a general warranty deed by limiting the granter's warranty to claims that occurred during their ownership of the property. It does not cover any potential issues from before the granter's ownership. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is commonly used to transfer property to a trust. It offers the least amount of protection to the buyer as it only transfers the granter's interest in the property without making any warranties about the title. In an Oklahoma City, Oklahoma warranty deed from an individual to a trust, the document will include various essential components: 1. Parties: The deed will identify the granter (individual) and the grantee (trust) involved in the transfer. 2. Property Description: It will include a detailed description of the property being transferred, typically including the legal description, address, and any pertinent identifying information such as lot numbers or boundaries. 3. Consideration: The deed will state the amount or value of consideration given in exchange for the transfer. In some cases, it may note that the transfer is a gift without consideration. 4. Covenants: A general warranty deed will include specific covenants, such as the granter's guarantee of having clear title, the right to sell the property, and the absence of undisclosed encumbrances. 5. Signatures: The deed will require the signature of the granter(s), which must be notarized to be legally valid. Some cases may also necessitate witnesses. It's important to consult a qualified attorney or real estate professional when dealing with a warranty deed transfer. Each party involved should seek appropriate legal advice to ensure the deed meets all legal requirements and protects their interests.A warranty deed is a legal document that transfers ownership of real estate from an individual to a trust. In the case of Oklahoma City, Oklahoma, there are several types of warranty deeds that can be used in this transaction. 1. General Warranty Deed: This is the most common type of warranty deed, providing the highest level of protection to the buyer (trust). It guarantees that the granter (individual) has clear title to the property and warrants against any past or future claims. 2. Special Warranty Deed: This warranty deed differs from a general warranty deed by limiting the granter's warranty to claims that occurred during their ownership of the property. It does not cover any potential issues from before the granter's ownership. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is commonly used to transfer property to a trust. It offers the least amount of protection to the buyer as it only transfers the granter's interest in the property without making any warranties about the title. In an Oklahoma City, Oklahoma warranty deed from an individual to a trust, the document will include various essential components: 1. Parties: The deed will identify the granter (individual) and the grantee (trust) involved in the transfer. 2. Property Description: It will include a detailed description of the property being transferred, typically including the legal description, address, and any pertinent identifying information such as lot numbers or boundaries. 3. Consideration: The deed will state the amount or value of consideration given in exchange for the transfer. In some cases, it may note that the transfer is a gift without consideration. 4. Covenants: A general warranty deed will include specific covenants, such as the granter's guarantee of having clear title, the right to sell the property, and the absence of undisclosed encumbrances. 5. Signatures: The deed will require the signature of the granter(s), which must be notarized to be legally valid. Some cases may also necessitate witnesses. It's important to consult a qualified attorney or real estate professional when dealing with a warranty deed transfer. Each party involved should seek appropriate legal advice to ensure the deed meets all legal requirements and protects their interests.
