Oregon Warranty Deed from two Individuals to Corporation
About this form
The Warranty Deed from two Individuals to Corporation is a legal document that allows two individuals (the Grantors) to transfer ownership of real property to a corporation (the Grantee). This form not only specifies the transfer of the property but also includes important provisions, such as the reservation of oil, gas, and minerals by the Grantors. This type of warranty deed provides assurances regarding the title of the property, making it distinct from other types of deeds, such as quitclaim deeds, which offer fewer protections to the Grantee.
Main sections of this form
- Identification of the Grantors and the Grantee.
- Description of the property being transferred.
- Statement of the Grantors' legal ownership and warranties related to the property.
- Details on the reservation of minerals and rights-of-way.
- Provisions regarding the proration of taxes for the current tax year.
- Signatures of the Grantors and the date of the transfer.
When to use this form
This warranty deed should be used when two individuals wish to legally transfer their property to a corporation. It is also suitable for situations where the Grantors want to retain specific rights to the mineral assets of the property or when clarity regarding property ownership and title defense is necessary.
Who this form is for
This form is intended for:
- Individuals looking to convey property ownership to a corporation.
- Property owners who want to ensure their mineral rights are explicitly reserved.
- Attorneys handling real estate transactions on behalf of clients.
How to prepare this document
- Identify the parties involved: the two individuals (Grantors) and the corporation (Grantee).
- Clearly describe the property being transferred with sufficient detail.
- Include any reservations such as mineral rights, if applicable.
- Specify how property taxes for the current year will be handled between the Grantors and Grantee.
- Have all Grantors sign and date the form in the designated areas.
Is notarization required?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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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.
Typical mistakes to avoid
- Failing to accurately describe the property being transferred.
- Not reserving necessary rights or exemptions, such as mineral rights.
- Omitting signatures or dates, which can invalidate the deed.
- Neglecting to consult local regulations that may affect the transfer.
Why use this form online
- Convenient access to professionally drafted legal templates.
- Editable formats allow for customization based on specific needs.
- Reliable legal language that helps ensure enforceability.
Legal use & context
- A Warranty Deed provides warranty of title against any claims, making it a solid choice for transferring property ownership.
- This form is enforceable as long as it meets the state-specific criteria for warranty deeds.
- It is important for both parties to be clear on the rights transferred and any reservations to avoid legal disputes later.
Main things to remember
- This form is essential for transferring property from two individuals to a corporation.
- It outlines warranties and any reservations on the property, protecting both parties.
- Proper completion and adherence to local laws are crucial for legal validity.
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FAQ
Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.
The Oregon special warranty deed is a legal document transferring property from an owner of an interest in property to another person. This is a warranty deed, but the warranty is limited to the time frame involving seller's ownership of the property.
Discuss the terms of the deed with the new owners. Hire a real estate attorney to prepare the deed. Review the deed. Sign the deed in front of a notary public, with witnesses present. File the deed on public record.
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.
A conveyance of land in Oregon, or of any estate or interest therein located in Oregon, can be created, transferred, or declared by a deed in writing and should be signed by the person of lawful age (or their agent) from whom the estate or interest is intended to pass.
A warranty deed conveys an interest in real property to the named grantee with full warranties of title. Warranty deeds are statutory in Oregon under ORS 93.850, and they convey real property in fee simple with the most assurance of title.Generally, real property is owned in either sole ownership or in co-ownership.
Bargain and sale deeds are statutory in Oregon under ORS 93.860. A bargain and sale deed conveys the grantor's "entire interest in the described property at the date of the deed which the deed purports to convey" but does not provide covenants of title (ORS 93.860(2, 3)).
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.
Generally, someone else cannot remove you from title without your consent and/or knowledge. You should speak to a local real estate attorney to see how to return your name to title and how it was removed in the first place.