Washington Warranty Deed from Corporation to Two Individuals
What this document covers
The Warranty Deed from Corporation to Two Individuals is a legal document that transfers ownership of property from a corporation (the Grantor) to two individuals (the Grantees). This deed specifically conveys and warrants the described property while reserving all oil, gas, and minerals beneath the land, if applicable. Unlike other types of deeds, this warranty deed provides a guarantee from the Grantor that the title is clear of encumbrances, ensuring greater protection for the Grantees.
Key parts of this document
- Identification of the Grantor (the corporation) and Grantees (two individuals).
- Description of the property being transferred, including assessors' parcel information.
- Reservation of oil, gas, and minerals under the property.
- Covenants regarding the clear title and rights of the involved parties.
- Provisions for joint tenancy and right of survivorship for the Grantees.
- Notarization requirements and signatures of the corporation's representatives.
When to use this form
This form is useful when a corporation wishes to transfer property ownership to two individuals. It is typically employed in real estate transactions involving partnerships or when an organization decides to sell or transfer assets to its members or shareholders.
Who needs this form
- Corporation representatives responsible for property management.
- Individuals receiving property ownership from a corporation.
- Legal professionals assisting in property transactions involving corporations.
How to prepare this document
- Identify and enter the names of the Grantor (the corporation) and the two Grantees (individuals).
- Specify the property by filling in the detailed description and assessors' property tax parcel number.
- Include any reservations for oil, gas, or minerals under the property as stated.
- Enter the names and titles of the corporation's representatives who will sign the deed.
- Sign the document in front of a notary public to ensure its legality.
Notarization guidance
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.
Common mistakes to avoid
- Failing to accurately describe the property, which can lead to disputes.
- Not having the deed notarized, which may render it invalid.
- Overlooking the inclusion of oil, gas, and mineral reservations, when applicable.
- Leaving out important signatures or titles of the corporation's representatives.
Why use this form online
- Convenient access to legal forms without the need for physical paperwork.
- Editable forms that allow users to customize their specific property details easily.
- Reliable templates drafted by licensed attorneys, ensuring compliance with state laws.
Quick recap
- The Warranty Deed allows a corporation to transfer property to two individuals.
- It includes specific provisions regarding ownership types and reservations.
- Notarization is essential for the form's validity.
- Proper completion prevents common legal errors.
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FAQ
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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.
A Washington special warranty deed form conveys Washington real estate from the current owner (grantor) to a new owner (grantee) with a warranty of title that is limited to the period that the grantor owned the property.It has no legislative origin and is not explicitly recognized in the Washington statutes.
Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
What is a Washington Bargain and Sale Deed? A Washington bargain and sale deed form transfers Washington real estate from the current owner (grantor) to a new owner (grantee) with a warranty of title that is limited to the time period that the grantor owned the property.
A warranty deed is a deed in which the grantor warrants good, clear title. It is a deed which explicitly contains covenants concerning the quality of title it conveys. Yes, it is a conveyance ("transfer") of title.
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.
A general warranty deed covers the property's entire history.With a special warranty deed, the guarantee covers only the period when the seller held title to the property. Special warranty deeds do not protect against any mistakes in a free-and-clear title that may exist before the seller's ownership.
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
