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Warranty Deed from Corporation to Two Individuals - Virginia

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The document is a Virginia Warranty Deed form for the transfer of property from a corporation to two individuals. It includes instructions for completing the form, a disclaimer regarding the legal effect of the forms, and details about recordation taxes and exemptions applicable in Virginia. The deed outlines the terms of the property transfer, including warranties by the grantor and rights of survivorship for the grantees.

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What are the requirements for a warranty deed in Virginia?

Warranty Deed If a deed is intended to be a general warranty deed, it should contain a phase specified by state law such as the phrase conveys and warrants. These words, called operative words of conveyance, carry with them several warranties which the grantor is making to the grantee.

Can you add a name to a warranty deed?

For example, a quitclaim deed would be used for a name change on a warranty deed, such as to add a new spouse or a child to the title, or to remove the name of a spouse following a divorce. A quitclaim deed also can be used to correct mistakes.

Does a warranty deed mean I own the house?

A warranty deed is a document used in real estate to certify that a property is owned free and clear. This means that the owner is rightfully clear of any liens, mortgages, or any other types of claims. In other words, a warranty deed form is used to prove ownership.

What are the pros and cons of a warranty deed?

What are the pros and cons of a warranty deed? Warranty deeds protect the buyer by guaranteeing a clear title and give the current owner the legal right to sell the house. For sellers, warranty deeds can delay the home selling process and come at an extra cost.

Which deed grants the most protection?

The seller offers the greatest level of buyer protection with a general warranty deed through six specific warranties. The seller promises that he/she owns the property and has the legal right to sell it.

Who benefits the most from a warranty deed?

A Special Warranty Deed, also known as a Limited Warranty Deed, offers less protection than a General Warranty Deed. The seller only guarantees that they have done nothing during their ownership to encumber the property. It does not cover any issues that may have arisen before they took ownership.

Does a warranty deed override a will?

0:09 1:46 A deed is a legal document that transfers ownership of real property. A will on the other hand is aMoreA deed is a legal document that transfers ownership of real property. A will on the other hand is a legal declaration of a persons wishes regarding their assets.

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What are the requirements for a warranty deed in Virginia?

Can you add a name to a warranty deed?

Does a warranty deed mean I own the house?

What are the pros and cons of a warranty deed?

Which deed grants the most protection?

People also ask

Who benefits the most from a warranty deed?

Does a warranty deed override a will?

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Get the up-to-date Warranty Deed from Corporation to Two Individuals - Virginia 2025 now

Here's how it works

The easiest way to modify Warranty Deed from Corporation to Two Individuals - Virginia in PDF format online

Complete this form in 5 minutes or less

Got questions?

What are the requirements for a warranty deed in Virginia?

Can you add a name to a warranty deed?

Does a warranty deed mean I own the house?

What are the pros and cons of a warranty deed?

Which deed grants the most protection?

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People also ask

Who benefits the most from a warranty deed?

Does a warranty deed override a will?

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