New York Warranty Deed from Corporation to Individual
About this form
The Warranty Deed from Corporation to Individual is a legal document that facilitates the transfer of property ownership from a corporation (the Grantor) to an individual (the Grantee). This form ensures that the corporation conveys clear title to the property while reserving certain rights, such as oil, gas, and mineral rights. Unlike other types of deeds, this warranty deed provides a guarantee from the Grantor that they hold the legal title to the property and can convey it free of undisclosed encumbrances, making it a critical document in real estate transactions.
Main sections of this form
- Identification of the Grantor (corporation) and Grantee (individual).
- Legal description of the property being transferred, referenced in an attached exhibit.
- Reservation of rights concerning oil, gas, and minerals.
- Covenants assuring the Grantee that the Grantor has clear title to the property.
- Signature section for authorized corporate officers and notarization requirements.
When to use this document
This warranty deed should be used when a corporation is transferring ownership of a property to an individual. Common scenarios include real estate transactions where a corporation is divesting its assets or when a corporation wishes to convey property to a shareholder or employee as part of a compensation plan. It is important to use this form when ensuring that the transfer includes legal protections for the Grantee regarding the title and any potential claims against the property.
Intended users of this form
- Corporate entities intending to sell or transfer real estate to individuals.
- Individuals acquiring property from corporations.
- Real estate professionals and attorneys involved in corporate property transactions.
How to prepare this document
- Identify the parties involved by clearly stating the name of the corporation and the individual.
- Provide the legal description of the property in the space designated or as an attached exhibit.
- Indicate any reservations of rights, such as mineral rights.
- Ensure that the document is signed by an authorized officer of the corporation.
- Include notarization if required, confirming the identities of the signers and the legality of the document.
Notarization guidance
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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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 to avoid
- Failing to include a complete legal description of the property.
- Not specifying any reservations of rights, leading to potential legal disputes.
- Incorrectly signing the form without proper authorization from corporate representatives.
- Neglecting to have the document notarized when required by state law.
Why use this form online
- Convenient access to legal forms drafted by licensed attorneys.
- Editability to customize the document to your specific transaction needs.
- Immediate digital download allows for quick processing and use.
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FAQ
Search for a business entity (Corporation, LLC, Limited Partnership) in New York by using the Secretary of State's Website. The only way to preform a lookup is by Name, when doing so, you will want to use as many matching keywords as you can as the database will pull all matching records.
Enter the Corporation or Business Entity Name being searched for. Select a Name Type. Select a Search Type. Enter the numbers from the image into the CAPTCHA field. Tab to Search the Database and press the enter key or click Search the Database.
The fee for filing the Certificate of Incorporation is $125. The fee may be paid by cash, check, money order, MasterCard, Visa or American Express.
Navigate to the Secretary of State website for the state in which the corporation is registered. Start your search. Look for a Businesses or Corporations tab. Each state website is constructed differently, and the specific tab name may vary, but should always be business or corporation related.
