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General Warranty Deed from two Individuals to Corporation - North Carolina

General Warranty Deed from two Individuals to Corporation - North Carolina 2025

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The document is a General Warranty Deed that outlines the transfer of property from two individuals (Grantors) to a corporation (Grantee) in North Carolina. It includes details about the consideration for the transfer, legal descriptions of the property, and covenants regarding the title. The deed also specifies exceptions related to oil, gas, minerals, and other encumbrances.

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Can two people be on a warranty deed?

Entire (100%) by Seller If there are more than one grantee (besides husband and wife), this is considered tenancy in common. Each party owns an equal interest unless otherwise stated. A tenants in common interest can be sold or devised in a Will.

What happens if two people are on the deed?

The legal deed that transfers ownership will list them as joint tenants. Each joint tenant shares an equal interest in the propertyboth in terms of financial responsibility and benefits.

Can two names go on a deed?

When there are two names on a title deed, it means that there are joint owners of the property and each person owns an equal share of the property. The mortgage does not need to include both names to be valid. Even if the mortgage only lists one spouse, it does not affect the share of the ownership of the property.

Do you need a lawyer to transfer a deed in NC?

To transfer names on a deed, a new deed must be prepared. Unless you are familiar with preparing legal documents, it is advisable to seek legal counsel.

How do I transfer a warranty deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

When a corporation transfers ownership of property the deed must be signed?

0:18 2:05 It proves ownership and gets updated when property changes hands when a corporation transfersMoreIt proves ownership and gets updated when property changes hands when a corporation transfers property. They sign a deed this deed needs to be as official as a referees whistle.

Can you add someone to a warranty deed?

0:12 1:12 So its essential to understand the process and its consequences.MoreSo its essential to understand the process and its consequences.

What is a joint warranty deed?

Typically associated with real estate, joint tenancy warranty deeds are used when two or more parties come together simultaneously to take ownership of a property. The most common example of this type of deed is for unmarried couples buying a property together.

General Warranty Deed from two Individuals to Corporation - North Carolina 2025

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