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Warranty Deed for Separate or Joint Property to Joint Tenancy - Rhode Island

Warranty Deed for Separate or Joint Property to Joint Tenancy - Rhode Island 2025

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This document is a Warranty Deed prepared by U.S. Legal Forms, Inc. for the State of Rhode Island, outlining the transfer of property from a Grantor to Grantees as joint tenants. It includes instructions for completing the form, a disclaimer regarding legal advice and liability, and sections for property description, signatures, and notary acknowledgment.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's name and marital status in the designated fields. Ensure accuracy as this identifies the individual transferring property rights.
Next, input the names of the Grantees. This section is crucial as it determines who will hold joint tenancy rights.
Describe the property being transferred. You can either type a detailed description or indicate 'SEE DESCRIPTION ATTACHED' if applicable.
Complete any additional required fields, such as county and state information, ensuring all details are correct for legal purposes.
Finally, have the Grantor sign and date the document. A notary public must also acknowledge this signing to validate the deed.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the weakest form of deed?

The Quitclaim Deed: The quitclaim deed is the worst type of deed because it conveys no warranty whatsoever that the sellers title is good title or that there are no encumbrances on the property.

What are the disadvantages of a warranty deed?

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.

What is a disadvantage of joint tenancy ownership?

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.

Is joint tenants the same as joint ownership?

Perhaps the most important difference between the two types of joint ownership is what happens if one of the owners dies. In a joint tenancy this would mean that the share of the deceased automatically passes to the surviving joint tenant.

Who benefits the most from a warranty deed?

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.

What is the best deed to transfer property?

A general warranty deed is often considered the most common way to transfer real property.

What are the risks of a warranty deed?

The primary risk associated with a Special Warranty Deed lies in its scope of protection. This deed only covers the period the grantor owned the property, meaning the buyer takes on a risk of potential issues arising from before that period, which the grantor is not obliged to address.

Warranty Deed for Separate or Joint Property to Joint Tenancy - Rhode Island 2025

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