South Carolina Warranty Deed from Corporation to Two Individuals
What is this form?
This Warranty Deed from Corporation to Two Individuals is a legal document that allows a corporation (the Grantor) to transfer ownership of property to two individual parties (the Grantees). It ensures that the Grantor conveys the property legally, free from encumbrances, while reserving rights to any oil, gas, or minerals beneath the surface. This form is essential for situations involving corporate property transfer to individuals, differentiating it from standard warranty deeds that may involve other entities or individuals.
Key components of this form
- Identification of the Grantor and Grantees, including their legal names and titles.
- Description of the property being conveyed, including any prior instrument references.
- Reservation of rights concerning oil, gas, and minerals related to the property.
- Covenants made by the Grantor regarding ownership and freedom from encumbrances.
- Provisions regarding joint tenancy for the Grantees and their rights in case of survivorship.
- Notarization section for official acknowledgment by a notary public.
When to use this form
This form should be used when a corporation is transferring real property to two individual owners. It is particularly useful when the individuals intend to hold the property as joint tenants with rights of survivorship, ensuring that if one owner passes away, their share automatically goes to the surviving owner. Additionally, it can be applied in circumstances where the property may need to be transferred as part of estate planning, asset management, or corporate restructuring.
Who this form is for
- Corporations looking to transfer real estate to individuals.
- Individuals who are receiving property from a corporate entity.
- Legal representatives or estate planners handling corporate property transfers.
How to prepare this document
- Identify the Grantor (the corporation) and the Grantees (the two individuals) by entering their full names and legal titles.
- Provide a detailed description of the property being transferred, referring to any prior deeds or documents.
- Specify any reservations regarding oil, gas, or minerals, if applicable.
- Complete the notarization section, including the name of the notary and the date the instrument is acknowledged.
- Ensure the document is signed by the authorized representative of the corporation, along with witnesses if 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.
Mistakes to watch out for
- Failing to accurately describe the property being transferred.
- Not including the required reservation clauses for mineral rights.
- Neglecting to have the document notarized, if required.
- Improperly identifying the Grantor and Grantees.
Why complete this form online
- Convenience of accessing and completing the form from anywhere.
- Editability to tailor the document to your specific needs.
- Reliability of having a legally compliant document drafted by licensed attorneys.
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FAQ
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.
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.
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.
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.
Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the deed.
To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a warranty deed.
Laws § 27-7-20. Recording All forms must be filed at the County Recorders of Deeds. Signing (A§ 30-5-30) A quit claim deed in South Carolina is required to be authorized by a notary public and two (2) subscribing witnesses.
Review the property title to see who is officially listed on it. Sign the title over to the new owner in the place that is noted. Complete a general warranty deed to show the transfer of ownership from you to another. Pay the real estate transfer tax as levied in South Carolina.
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.
