Washington Warranty Deed from Husband and Wife to Corporation
About this form
This Warranty Deed from Husband and Wife to Corporation is a legal document used to transfer property ownership from a married couple to a corporate entity. This specific form ensures that the transfer includes a warranty, guaranteeing that the property is free from encumbrances, except for specified exceptions like oil, gas, and minerals. It is distinct from other types of deeds by emphasizing the marital status of the grantors and the nature of the grantee as a corporation.
Form components explained
- Details of the property being transferred, including the legal description and parcel number.
- Information regarding prior ownership and reference to previous instruments.
- Explicit exclusion of oil, gas, and mineral rights retained by the grantors.
- Warranties by the grantors ensuring the absence of encumbrances on the property.
- Provisions regarding the proration of taxes for the year.
- Signature sections for the grantors and notarization requirements.
When to use this form
This form is typically used when a husband and wife wish to convey property they own to a corporation. It is suitable for real estate transactions where the couple wants to ensure that the property's title is secure and free from any claims, except for those specifically noted. This deed is also used in situations where the couple wants to keep mineral rights while transferring ownership of the surface rights to the corporation.
Who this form is for
- Married couples transferring property to a corporation.
- Corporate entities acquiring real estate from individuals.
- Individuals looking to ensure that their property transfer includes warranties against encumbrances.
- Property owners who wish to maintain rights to natural resources on their land.
Completing this form step by step
- Identify the parties involved by listing the names of the husband and wife as grantors and the corporation as grantee.
- Specify the property being conveyed, using the legal description and tax parcel number.
- Enter the reference information for prior ownership documents.
- Indicate any reserved rights, including mineral rights, clearly in the specified section.
- Have both grantors sign the deed in the presence of a notary public to ensure its validity.
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.
Common mistakes
- Failing to provide a complete legal description of the property.
- Not including the correct reference to prior ownership documents.
- Omitting to clearly state the retaining of mineral rights by the grantors.
- Forgetting to have the deed notarized, which may invalidate the transfer.
- Not specifying how taxes will be prorated between the parties.
Why use this form online
- Convenient access to a legally vetted template that saves time and effort.
- Editability allows for customization based on specific property and party details.
- Reliability of receiving a form that complies with legal standards.
- Instant downloading ensures quick availability to initiate the property transfer process.
Main things to remember
- This deed is specific for transferring property from a husband and wife to a corporation with legal warranties.
- It is important to clearly define retained rights, especially for minerals.
- Notarization is a necessary step in the completion of this legal document.
- Ensure all necessary information is filled correctly to avoid complications in the transfer process.
Key terms explained
- Grantors: The individuals transferring the property.
- Grantee: The entity receiving the property, in this case, a corporation.
- Encumbrances: Claims or liens against the property that may affect ownership or value.
- Warranty deed: A type of deed that guarantees a clear title to the grantee.
- Mineral rights: Ownership rights to the minerals beneath a property.
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FAQ
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
Corporate warranty deeds offer the seller's guarantee to the buyer in regards to the validity of the chain of title. Generally, special warranty deeds only protect against problems occurring since the seller purchased the property.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
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.
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.
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.
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.
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.
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.
