Oklahoma Warranty Deed from Corporation to Corporation
Understanding this form
The Warranty Deed from Corporation to Corporation is a legal document used to transfer ownership of real property between two corporations. This form ensures that the Grantor, a corporation, conveys the property to the Grantee, another corporation, while reserving certain rights, such as oil, gas, and mineral rights. Unlike other property transfer forms, this warranty deed establishes a guarantee of clear title, meaning the Grantor warrants that the property is free from encumbrances, enhancing the Grantee's security in the ownership of the property.
Main sections of this form
- Identification of Grantor and Grantee corporations
- Description of the property being conveyed
- Reservation of oil, gas, and mineral rights by Grantor
- Covenant of title, ensuring the property is free from encumbrances
- Provisions for the allocation of taxes for the tax year
- Signatures of authorized officers from both corporations
When to use this form
This form should be used when one corporation wishes to legally transfer real property ownership to another corporation. Common scenarios include the sale of commercial real estate, property dissolution during corporate restructuring, or transferring assets between affiliated entities. It is essential to use this form to ensure legal compliance and protection for both parties involved in the transaction.
Who needs this form
- Corporation representatives tasked with property transfer
- Legal professionals assisting in corporate real estate transactions
- Corporations engaging in mergers or acquisitions
Completing this form step by step
- Identify and list the full names of both the Grantor and Grantee corporations.
- Provide a detailed description of the property being transferred.
- Specify the reservation of oil, gas, and mineral rights, if applicable.
- Include the date and name of the authorized officer signing on behalf of each corporation.
- Ensure all parties complete the notarization section as required.
Is notarization required?
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.
Avoid these common issues
- Failing to accurately describe the property may lead to legal disputes.
- Not obtaining the necessary signatures from authorized officers of both corporations.
- Overlooking the reservation clause regarding minerals and resources.
Benefits of completing this form online
- Convenience of downloading and completing the form at your own pace.
- Editability allows for customization to meet specific legal needs.
- Access to legally vetted templates drafted by licensed attorneys.
Summary of main points
- The Warranty Deed from Corporation to Corporation is crucial for the legal transfer of property between corporate entities.
- Understanding the key components of this deed is essential for successful property transactions.
- Proper completion and notarization of the form are necessary to ensure its validity and enforceability.
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FAQ
Step 1 Fill in the grantor's name and address along with indicating whether or not the grantor is married. Step 2 Enter the consideration to be paid for the property. Step 3 Write in the grantee's name and address and check the box showing how they intend to hold the property.
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.
How can I get a copy of my deed? The County Clerk's office "officially" records all deeds, liens, & mortgages related to properties (Registrar of deeds). Once a deed is officially recorded, it usually takes 3-4 business days to reflect the change on the Assessor's website.
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.
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.
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.
An Oklahoma (OK) quitclaim deed is the type of deed used when people who trust one another need to transfer ownership or interest in real estate property from one person to the next.If the buyer (grantee) wants a warranty on the title and ownership, the proper form to use is a warranty deed.
Recording A quit claim deed must be filed with the County Clerk's Office along with the required filing fee (varies by location). Signing (§ 16-26) This form is required to be authorized by the Grantor(s) in front of a Notary Public with their acknowledgment and seal.
Laws § 16-40. Recording (A§ 16-16) Must be filed with the Register of Deeds in the County where the property is located. Signing (A§ 16-26) The Grantor(s) are required to sign this form in the presence of a Notary Public. Step 1 Write in the date of the deed. Step 2 Fill in the name of the person selling.
