Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals

• Category: Pennsylvania Real Estate - Deeds - Warranty
• State: Pennsylvania
• Control #: PA-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 warranty deed is a legal document that transfers ownership of a property from one party to another with the guarantee that the title is clear. In the case of Philadelphia, Pennsylvania, there are different types of warranty deeds available for corporations transferring property to two individuals. These may include: 1. General Warranty Deed: A Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals that provides the highest level of protection to the buyers. It assures the individuals that the corporation has clear ownership of the property, and there are no hidden claims or encumbrances against it. The corporation guarantees to defend the individuals' ownership if any issues arise. 2. Special Warranty Deed: This type of warranty deed provides a limited guarantee. The corporation guarantees that it has not created any encumbrances or claims on the property during its ownership. However, it does not provide protection against previous claims or encumbrances that may have existed before the corporation owned the property. 3. Quitclaim Deed: While not a warranty deed, a Quitclaim deed is also commonly used in Philadelphia, Pennsylvania, when a corporation transfers property to two individuals. It transfers any interest, if any, that the corporation holds in the property without providing any guarantee or warranty regarding the title. It is the least secure method of transferring property as it does not offer any protection against potential title issues. When preparing a Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals, it is crucial to include specific and relevant details. The deed should clearly identify the corporation as the granter and the two individuals as grantees. It should mention the property's legal description, such as its address, lot number, or any other information that uniquely identifies it. Additionally, the warranty deed should explicitly state the type of warranty being provided, whether it is a general warranty or special warranty deed. It must include language that affirms the corporation's intention to transfer full ownership of the property to the two individuals. Furthermore, the deed should be signed by an authorized representative of the corporation, and their title or position should be stated for clarity. The signature must be notarized to ensure its validity. Overall, a Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals is a legal instrument used to transfer ownership of property from a corporation to two individuals while providing varying levels of guarantee regarding the title's integrity.

A warranty deed is a legal document that transfers ownership of a property from one party to another with the guarantee that the title is clear. In the case of Philadelphia, Pennsylvania, there are different types of warranty deeds available for corporations transferring property to two individuals. These may include: 1. General Warranty Deed: A Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals that provides the highest level of protection to the buyers. It assures the individuals that the corporation has clear ownership of the property, and there are no hidden claims or encumbrances against it. The corporation guarantees to defend the individuals' ownership if any issues arise. 2. Special Warranty Deed: This type of warranty deed provides a limited guarantee. The corporation guarantees that it has not created any encumbrances or claims on the property during its ownership. However, it does not provide protection against previous claims or encumbrances that may have existed before the corporation owned the property. 3. Quitclaim Deed: While not a warranty deed, a Quitclaim deed is also commonly used in Philadelphia, Pennsylvania, when a corporation transfers property to two individuals. It transfers any interest, if any, that the corporation holds in the property without providing any guarantee or warranty regarding the title. It is the least secure method of transferring property as it does not offer any protection against potential title issues. When preparing a Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals, it is crucial to include specific and relevant details. The deed should clearly identify the corporation as the granter and the two individuals as grantees. It should mention the property's legal description, such as its address, lot number, or any other information that uniquely identifies it. Additionally, the warranty deed should explicitly state the type of warranty being provided, whether it is a general warranty or special warranty deed. It must include language that affirms the corporation's intention to transfer full ownership of the property to the two individuals. Furthermore, the deed should be signed by an authorized representative of the corporation, and their title or position should be stated for clarity. The signature must be notarized to ensure its validity. Overall, a Philadelphia Pennsylvania Warranty Deed from Corporation to Two Individuals is a legal instrument used to transfer ownership of property from a corporation to two individuals while providing varying levels of guarantee regarding the title's integrity.