New Hampshire Warranty Deed from Corporation to Two Individuals
What is this form?
The Warranty Deed from Corporation to Two Individuals is a legal document used to transfer property ownership from a corporation (the Grantor) to two individuals (the Grantees). This deed provides a warranty of title, ensuring that the property is free from any claims or encumbrances, except for certain reserved rights like oil, gas, and mineral interests. Unlike other deeds, this form specifically involves a corporation as the seller, making it suitable for business property transactions.
Form components explained
- Identification of the Grantor (corporation) and the Grantees (individuals).
- Description of the property being transferred, including legal descriptions.
- Clauses stating the warranty of title and any reservations of rights over the property.
- Provisions for joint tenancy with right of survivorship for the Grantees.
- Signature section for execution by the Grantor and a notary.
Common use cases
This warranty deed is used when a corporation wants to transfer ownership of real property to two individuals, such as in a partnership agreement, property division, or estate settlement. It is particularly important when the property transfer includes specific rights reserved by the Grantor, such as mineral rights. This form is ideal in situations involving business property where a clear warranty of title is essential.
Who this form is for
This form is appropriate for:
- Corporations looking to transfer ownership of real estate to individuals.
- Individuals who are receiving property from a corporation.
- Real estate professionals handling corporate property transactions.
- Legal advisors seeking a reliable deed template for clients.
Steps to complete this form
- Identify the parties involved, including the full legal name of the corporation and the names of the two individuals.
- Provide a detailed description of the property being conveyed, including any legal descriptions and reservations.
- Specify the intention for joint tenancy with right of survivorship if applicable.
- Sign and date the document in the presence of a notary public for validation.
- Ensure the proper filing of additional required documents, such as the Real Estate Transfer Tax Declaration.
Notarization guidance
Yes, this form must be notarized to be legally valid. A notary public will verify the identities of the parties signing the document, ensuring their voluntary agreement to the terms. US Legal Forms offers an integrated online notarization option, allowing you to complete this process securely at any time without the need for travel.
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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.
Avoid these common issues
- Failing to include a complete legal description of the property.
- Omitting or incorrectly listing the names of the Grantor and Grantees.
- Not having the deed notarized, which is essential for its validity.
- Forgeting to file the required additional documents with local authorities.
Benefits of completing this form online
- Convenient access to legally-reviewed templates that save time.
- Editable form fields make it easy to tailor the document to specific needs.
- Instant downloads allow for immediate use and efficiency in property transactions.
Quick recap
- The Warranty Deed from Corporation to Two Individuals is essential for transferring property from a corporation to individuals.
- It includes key provisions such as warranties of title and provisions for joint tenancy.
- Completion requires careful attention to legal descriptions and notarization.
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FAQ
A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.
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.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
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.
Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.
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.
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.
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
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.
