General Warranty Deed (with Survivorship Rights) Couples who hold title to property as unmarried, but wish to have Survivorship Rights. Each party has a full ownership interest in the property. The property will pass instantly to the survivor upon the death of the other without probate.
What are the joint tenancy laws in South Carolina?
South Carolina joint tenants with rights of survivorship automatically inherit the other share of the property if their co-owner dies. Probate is unnecessary because the deceaseds title will immediately pass on to the surviving co-tenant. The property also wont be subject to the terms in the deceaseds will.
Why would someone need a warranty deed?
The Warranty Deed plays a crucial role in real estate transactions. It signifies the legal transfer of property ownership from the seller to the buyer. Unlike other types of deeds, it guarantees that the property title is clear, which means its free from any legal claims or encumbrances, ensuring a smooth transaction.
What is a warranty deed in South Carolina?
A warranty deed is a deed in which the grantor (seller) warrants that she holds clear title to real property and has the legal right to sell it to the grantee (buyer).
What does warranty deed joint tenancy mean?
Each party has a full ownership interest in the property. The property will pass instantly to the survivor upon the death of the other without probate. Conveyance by one party without the other breaks the joint tenancy. Seller warrants that he/she has good title and will warrant and defend title.
Related Searches
South Carolina deed requirementsTenants in common with right of survivorship South CarolinaHow to transfer a property deed in South CarolinaJoint tenancy deed exampleSouth Carolina deed transfer formHow to sever a joint tenancy with right of survivorshipCan a jointly owned property be sold by one ownerHow to transfer property title to family member
Security and compliance
At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.
Joint tenants must receive their interest in the property from the same source, such as a deed or title. Equal interest. Joint tenants must possess an equal share of the property.
Related links
The Transfer of Real Estate by Sale
The deed may recite that the grantor conveys and warrants the property (warranty deed) or. conveys and quitclaims the property (quitclaim deed). Some
Any joint tenancy in real estate held by a husband and wife with no other joint tenants is severed upon the filing of an order or decree dissolving their
Cookie consent notice
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.
