Oklahoma Warranty Deed from Corporation to Two Individuals
The Warranty Deed from Corporation to Two Individuals is a legal document that facilitates the transfer of property ownership from a corporation (the Grantor) to two individuals (the Grantees). This type of deed not only confirms the transfer of property but also provides a warranty of the title, assuring the Grantees that the property is free of encumbrances, except those noted in the deed. Unlike other forms of property transfer, this warranty deed includes specific provisions about reserving mineral rights and outlines the nature of ownership (joint tenancy) between the Grantees.
- Identification of the property being transferred, including references to previous documents.
- Clauses outlining the reservation of mineral rights and other encumbrances.
- Warranties provided by the Grantor regarding the title of the property.
- Provisions for how taxes are to be handled between Grantor and Grantees.
- Specification that ownership is to be as joint tenants with rights of survivorship.
- Signatures and notarization requirements to validate the document.
This form is ideal for situations where a corporation is transferring property to two individuals, particularly when the individuals wish to hold the property together. It is commonly used in real estate transactions where the Grantor needs to ensure that the property title is clear and warranties are provided against potential claims. Use this form if you want both parties to inherit the property together and ensure continuity of ownership upon one ownerâs death.
This form is suitable for:
- Corporations that are transferring ownership of their real estate.
- Individuals who are purchasing or receiving property from a corporation.
- Real estate professionals and attorneys facilitating property transfers on behalf of clients.
Follow these steps to complete the warranty deed:
- Identify the Grantor (corporation) and the Grantees (individuals) clearly.
- Specify the property being transferred, including exact legal descriptions and previous instrument references.
- Fill out provisions regarding reservation of mineral rights and any easements that may apply.
- Sign the document in the presence of a notary public to ensure its legal enforceability.
- Complete any necessary tax provisions regarding assessment and payment responsibilities.
Yes, this form must be notarized to be legally valid. The notarization process confirms the identities of the parties involved and ensures that the signatures are authentic. US Legal Forms offers integrated online notarization services, allowing you to complete notarization securely via video call, making the process easy and compliant with legal requirements.
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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.
- Failing to include complete and accurate property descriptions.
- Not clearly stating the reservation of mineral rights, which can lead to future disputes.
- Omitting signatures or notarization, rendering the deed unenforceable.
- Forgetting to address tax responsibilities, causing complications when ownership transitions.
- Convenience of downloading and completing the form at your own pace.
- Editability allows you to customize the document to fit specific needs.
- Reliability, as the document has been drafted by licensed attorneys for compliance with state laws.
- A Warranty Deed from Corporation to Two Individuals effectively transfers property ownership while providing legal assurances regarding the title.
- It is essential to include specific clauses about mineral rights and other encumbrances to avoid future disputes.
- The document must be executed properly, including notarization, to ensure enforceability.
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FAQ
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.
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.
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.
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.
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.
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.
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
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.
