South Carolina Warranty Deed from Corporation to Individual
What this document covers
The Warranty Deed from Corporation to Individual is a legal document used to transfer ownership of property from a corporation (the Grantor) to an individual (the Grantee). This form guarantees that the corporation is conveying the property free of claims and warranties, except for reserved mineral rights. Unlike other deed forms, this one specifically accommodates a transfer between a corporate entity and an individual, ensuring compliance with state laws.
Main sections of this form
- Identification of the Grantor and Grantee.
- Description of the property being transferred.
- Clauses reserving oil, gas, and mineral rights.
- Indication of any existing easements or encumbrances.
- Execution requirements, including signatures and notarization details.
When to use this form
This deed is typically used when a corporation is selling or transferring real estate to an individual. It is appropriate for straightforward property transfers that require legal documentation to clarify ownership and rights, especially when mineral rights are involved.
Who needs this form
This form is suitable for:
- Corporations transferring property to individual stakeholders or buyers.
- Individuals acquiring real estate from a corporate entity.
- Real estate professionals handling corporate real property transactions.
Steps to complete this form
- Identify the Grantor (the corporation) and Grantee (the individual) by entering their names and addresses.
- Provide a detailed description of the property being transferred, referring to any attached descriptions if necessary.
- Specify any rights that are reserved, particularly regarding oil, gas, and minerals.
- Complete the date of execution and obtain signatures from authorized representatives of the corporation.
- Include notarization by a qualified notary public to validate the document.
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 include a complete property description.
- Not obtaining the necessary signatures from corporation officers.
- Neglecting to reserve mineral rights if applicable.
- Forgetting to have the deed notarized as required.
- Not recording the deed with the appropriate county office after signing.
Benefits of using this form online
- Convenience of downloading and filling out the form from anywhere.
- Editability allows you to customize details as needed before finalizing.
- Quick access to expert-drafted forms ensures legal compliance.
Legal use & context
- This warranty deed is legally binding, provided all parties sign and notarize the document appropriately.
- It protects the Grantee by ensuring that the Grantor has the legal right to transfer the property.
- Users should be aware of any potential encumbrances or limitations specified in the deed that may affect property use.
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FAQ
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.
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
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.
It will not protect against title issues that arose prior to the time the seller took occupancy. Consequently, it offers less protection to buyers, and more protection to sellers, than a general warranty deed, which is the most common option for selling or buying a property.
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.
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.
In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorder's office, along with an Affidavit of True Consideration (S.C. Code Ann.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
