Washington Warranty Deed from two Individuals to Corporation
About this form
The Warranty Deed from two Individuals to Corporation is a legal document used to transfer property ownership from two individuals (the grantors) to a corporation (the grantee). This form ensures that the grantors warrant the property being conveyed is free from encumbrances, except those expressly noted. Unlike other deeds, this document specifically outlines the involvement of multiple individuals and a corporate entity in the transaction.
What’s included in this form
- Description of the property being transferred.
- Assessors property tax parcel/account number for identification.
- Prior instrument reference for tracking previous ownership.
- Reservation clause for oil, gas, and minerals, if applicable.
- Clear assertions regarding the title and its freedom from encumbrances.
- Signature block for the grantors and certification by a notary public.
When to use this document
This form should be used when two individuals are transferring property ownership to a corporation. Common scenarios include when partners in a business want to transfer personally held property into the corporation's name or when family members wish to convey property to a family-owned business entity. Additionally, this warranty deed is essential in ensuring legal protections against potential claims regarding the property title.
Who this form is for
This form is ideal for:
- Individuals who co-own property and intend to transfer it to a corporation.
- Business owners looking to consolidate property under their corporationâs name.
- Real estate investors who want to formalize ownership transfers to their corporate entities.
- Legal representatives acting on behalf of the grantors in property transactions.
How to prepare this document
- Identify the parties involved: clearly name both grantors (individuals) and the grantee (corporation).
- Specify the property by fully describing it and including the assessors property tax parcel/account number.
- Include prior instrument references to link to previous ownership documents.
- Add the reservation clause for oil, gas, and minerals, if applicable.
- Have the grantors sign the document in the presence of a notary public.
- Ensure all sections are filled out correctly before finalizing the deed.
Does this document require notarization?
Yes, this form must be notarized to be legally valid. Notarization provides assurance that the identity of the grantors has been verified and that they are signing the document willingly. US Legal Forms offers integrated online notarization, with 24/7 availability via secure video calls, making it easy and convenient to finalize your legal documents.
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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 accurately describe the property being conveyed.
- Not providing the necessary prior instrument reference numbers.
- Neglecting to include signatures or failing to sign in front of a notary.
- Leaving out any reservations for oil, gas, and minerals if applicable.
- Not complying with local recording requirements after the deed is completed.
Benefits of completing this form online
- Convenient access to a legally vetted form tailored for your needs.
- Editable templates allow for customization based on your specific property details.
- Secure and reliable transactions without the need for physical paperwork.
- Quick download, enabling prompt completion and filing.
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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.
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.
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 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.
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.
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.
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.
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 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.
