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Special Warranty Deed from an Individual to a Corporation with a Reserved Life Estate - Pennsylvania

Special Warranty Deed from an Individual to a Corporation with a Reserved Life Estate - Pennsylvania 2025

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The document is a Pennsylvania Special Warranty Deed form for transferring property from an individual (Grantor) to a corporation (Grantee) with a reserved life estate. It includes instructions for completing the form, a disclaimer regarding the use of the materials, and sections for legal descriptions and signatures. The deed outlines the terms of the transfer, including warranties by the Grantor about their ownership and rights to convey the property.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's name, the individual transferring the property, in the designated field. Ensure accuracy as this identifies the seller.
Next, input the Grantee's name, which is the corporation receiving the property. This section is crucial for legal identification.
Fill in the legal description of the property in Exhibit A. This should detail the exact location and boundaries of the land being transferred.
Indicate any prior instrument reference number and document details if applicable. This helps maintain a clear record of ownership history.
Complete any additional fields regarding easements or rights-of-way that may affect the property.
Finally, have both parties sign and date where indicated, ensuring notarization for legal validity.

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What are the disadvantages of a life estate deed?

A deed with a reserved life estate is used when you wish to both pass your real property to someone upon your death and also protect the property from nursing-home liens. This document may also make it possible for you to live in and maintain control of the property until your death.

What is a warranty deed reserving life estate?

Definition: Reserved Life Estate. From ConservationTools.org. The ownership of real estate can be divided into present and future interests. This division enables a landowner to convey land to a land trust or government with the owner retaining ownership during the owners lifetime or some other specified period.

What is a special corporate warranty deed?

A life estate deed allows you to transfer property while reserving an interest during your lifetime or during the lifetime of someone else. Once the person who holds the life estate passes away, the Grantee fully owns the property.

What is a special warranty deed in Pennsylvania?

A special warranty deed is a type of real estate deed used to transfer property ownership from one person to another. By using this particular deed, the seller is guaranteeing to the buyer that there are no defects or problems with the property title during the time that they owned the property.

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