Nebraska Warranty Deed from two Individuals to Corporation
What this document covers
This Warranty Deed from two Individuals to Corporation is a legal document used to transfer ownership of property from two individual grantors to a corporation as the grantee. This form provides a warranty of title, ensuring that the property is free from encumbrances, except for those specifically noted. Unlike other types of property deeds, this warranty deed specifically emphasizes the rights being transferred and any reservations, such as oil, gas, and mineral rights, remaining with the grantors.
What’s included in this form
- Identification of the grantors (the two individuals) and the grantee (the corporation).
- Description of the property being conveyed, including any exceptions or reservations.
- Covenants by the grantors ensuring they hold clear title and can legally transfer ownership.
- Acknowledgment section for notarization, including the date and name of the individual who acknowledged the deed.
When to use this form
This form should be used when two individuals wish to convey property ownership to a corporation. It is commonly utilized in real estate transactions where individuals want to transfer their property interests to a business entity for purposes such as investment, business expansion, or asset protection. This deed is essential when the grantors want to ensure that the corporation receives full rights while also maintaining certain reservations regarding natural resources.
Who this form is for
- Individuals who jointly own real property and wish to transfer it to a corporation.
- Corporations acquiring property from individual owners.
- Real estate professionals assisting clients with property transfers.
- Anyone involved in estate planning where property needs to be transferred to a business entity.
How to complete this form
- Identify and provide the names and addresses of the grantors (the two individuals).
- Specify the name of the corporation receiving the property as the grantee.
- Describe the property being conveyed, including any specific legal descriptions.
- Detail any reservations regarding oil, gas, and minerals that are not being transferred.
- Enter the date of acknowledgment and the name of the person who will acknowledge the deed.
- Both grantors should sign the deed in the presence of a notary public for it to be legally valid.
Does this document require notarization?
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to clearly describe the property being transferred.
- Not including necessary reservations, such as mineral rights.
- Neglecting to have the document notarized.
- Leaving out signatures from either grantor or failing to sign in the correct place.
Benefits of completing this form online
- Immediate access to legally vetted templates saved directly to your device.
- Easy customization to meet specific needs without legal jargon.
- Convenience of completing the form at your own pace.
- Reliable formats that help avoid common mistakes in legal documentation.
Quick recap
- The Warranty Deed from two Individuals to Corporation is crucial for legally transferring property ownership.
- This form protects the Grantee by providing warranties against future claims.
- Remember to complete and notarize the form correctly to validate the transaction.
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FAQ
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
A general warranty deed is not a contract of saleit does not include a price for the property or include any transfer of funds. Instead, it is the legal document that completes the sale by transferring the property from the grantor to the grantee.
Laws NRS 23-1510. Recording Must be filed in the County Recorder's Office where the property is located (See County List). Signing (NRS 76-211) All quit claim deeds must be signed with the Grantor(s) being acknowledged by a Notary Public.
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.