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Warranty Deed to Separate Property of One Spouse to Both Spouses as Joint Tenants - North Dakota

Warranty Deed to Separate Property of One Spouse to Both Spouses as Joint Tenants - North Dakota 2025

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The document is a Warranty Deed form prepared by U.S. Legal Forms, Inc. for the State of North Dakota, facilitating the transfer of property from one spouse to both spouses as joint tenants with right of survivorship. It includes instructions for completing the form using Microsoft Word, a disclaimer regarding the legal effect and completeness of the forms, and sections for entering grantor and grantee information along with a legal description of the property.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's name in the designated field, ensuring accuracy as this identifies the individual transferring the property.
Next, fill in the names of both Grantees (the spouses) who will hold the property as joint tenants. This is crucial for establishing ownership rights.
Provide a detailed legal description of the property in the appropriate section. If you have an Exhibit A, attach it accordingly.
Indicate whether the property is part of either spouse's homestead and ensure both spouses sign where indicated to validate the deed.
Finally, complete the notary section by having a notary public witness your signatures and provide their seal.

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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.

How do you split jointly owned property?

The most straightforward method is often for one or more of the existing co-owners to buy out your share of the house. This process involves a Transfer of Equity, where the legal and/or beneficial ownership is formally transferred to the remaining owner(s).

Is joint tenants the same as joint ownership?

Cohabitants who are joint owners are referred to in legal terms as joint tenants at law (the use in this context of the word tenant has nothing to do with rented property). This means that they are each entitled to possession of the whole of the land and the right to occupy it.

What is the disadvantage of joint tenancy?

Downsides of Joint Tenancy If a couple or business partners disagree, neither party can sell or encumber the asset without the consent of all parties. This restriction is intended to prevent abuses. However, the need to get agreement from all parties can make it difficult to take necessary actions.

What is a warranty deed for joint tenants?

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.

Why is it wise to avoid joint ownership?

If your co-owner is married, there is a risk of the property being subject to divorce proceedings. With something like a bank account, there is the risk that the co-owner could go on a spending spree and drain the account. In some situations, creating a joint ownership can also create gift tax or income tax problems.

Do joint tenants receive separate deeds?

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.

Warranty Deed to Separate Property of One Spouse to Both Spouses as Joint Tenants - North Dakota 2025

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