Warranty Deed from two Individuals to Corporation - Iowa 2026

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This document is a Warranty Deed in which two individuals (Grantors) convey property to a corporation (Grantee) for a nominal consideration of ten dollars. It outlines the legal transfer of ownership, including details about the property, any reservations of rights, and the Grantors' assurances regarding their title to the property. The deed also includes provisions for notarization and instructions for sending tax statements to the Grantee.
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  1. Click ‘Get Form’ to open the Warranty Deed in the editor.
  2. In the first section, enter the names of the Grantors (the individuals transferring the property) and the Grantee (the corporation receiving the property). Ensure that all names are spelled correctly.
  3. Next, specify the valuable consideration amount. Typically, this is a nominal amount like ten dollars, but ensure it reflects any actual agreement between parties.
  4. Describe the property being conveyed. If there is an attached description, indicate 'SEE DESCRIPTION ATTACHED' and ensure that this document is uploaded as well.
  5. Fill in prior instrument references if applicable, including Book, Page, and Document Number from previous records.
  6. Indicate whether the property is part of the Grantors' homestead and ensure both spouses sign if married.
  7. Finally, have both Grantors sign and date at the bottom of the form. A Notary Public must also acknowledge their signatures for legal validity.

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Joint tenancy with right of survivorship (JTWROS) This is often considered the best title vesting for most married couples, but it also applies to family members planning to own a property together.
Disadvantages of Warranty Deeds Title companies will research the chain of deeds, past court judgments, and unpaid taxes before green-lighting the transfer. The grantor also remains on the hook long after the sale. If a forgotten lien surfaces, the buyer can pull the grantor into court for damages and legal fees.
Can a warranty deed be challenged or invalidated? While a warranty deed provides strong protection, it is not immune to challenges. In certain situations, the grantors guarantee may be bdocHubed, such as if there is fraud, misrepresentation, or undisclosed title defects.

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People also ask

A deed is the legal document that transfers legal title from one person to another. A warranty deedalso known as a general warranty deedis a specific type of deed that guarantees that the owner of the property owns it free and clear, and is able to transfer the property to the seller.
Who Benefits the Most from Recording a Warranty Deed? The buyer, or grantee, of a property benefits the most from obtaining a warranty deed. Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen.
If a co-owner has outstanding debts, their creditors could seize an interest in your home or bank account. Relationship Issues. Holding an asset jointly can complicate a divorce or other relationship problems. If you have a jointly held bank account, your co-owner could withdraw all of the money without your consent.
Joint tenancy warranty deed If they decide to rent out the home to another individual or if they sell the property, each party is entitled to a 50% share in the profits. But the relationship also means they are equally responsible for paying for the property, including mortgage payments, property taxes and maintenance.

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