Joint Tenancy Warranty Deed
Joint Tenancy Warranty Deed
This Joint Tenancy Warranty Deed ("Deed") is made effective as of [Effective Date], by and between [Grantor's Name], residing at [Grantor's Address] ("Grantor"), and [Grantee's Name], residing at [Grantee's Address] ("Grantee"). This Deed guarantees that the property title is free from defects, except as noted herein, and affirms the Grantor's legal authority to transfer the said property.
I. Definitions and Interpretations
For this Deed, the following terms shall have the meanings ascribed to them below:
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"Property": the real property detailed in the Legal Description section of this Deed.
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"Parties": collectively refer to the Grantor and the Grantee.
II. Legal Description of Property
The real property subject to this Deed, hereafter referred to as the "Property", is legally described as follows:
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Address: [Property Address]
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Parcel Number: [Parcel ID Number]
III. Joint Tenancy Agreement
A. Creation of Joint Tenancy
The Parties hereby agree to hold the property as joint tenants with full rights of survivorship.
B. Equal Ownership
The Parties shall have equal shares in the property, with each owning an undivided 50% interest.
IV. Warranties and Representations
The Grantor warrants that:
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The Property is free of any liens or encumbrances other than those disclosed herein.
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The Grantor has the full right and authority to sell and convey the Property.
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There are no pending legal actions that could affect the Property.
V. Covenant
Grantor covenants with Grantee that Grantor is lawfully seized in fee simple of the aforementioned property, has a good right to convey it, and guarantees the quiet enjoyment thereof against the claims of all persons.
VI. Additional Provisions
This Deed is subject to the following additional provisions:
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The rights and obligations herein shall inure to the benefit of and bind the respective heirs, successors, and assigns of the Parties.
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Any dispute arising out of or related to this Deed shall be resolved via arbitration following the laws of the State of [Property State].
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This Deed constitutes the entire agreement between the Parties and supersedes all prior agreements, whether written or oral.
VII. Execution
IN WITNESS WHEREOF, the Parties have executed this Deed as of the date first written above.
Grantor:
[Grantor's Name]
[Date Signed]
The Assignee:
[Grantee's Name]
[Date Signed]
VIII. Witnesses
This Deed is witnessed and signed on the day and the year first above written.
[Witness 1 Name]
[Witness 2 Name]
NOTARIZATION:
State of [State], County of [County]
On this 20th of January 2050, before me, a Notary Public in and for said county and state personally appeared [Grantor's Name] and [Grantee's Name], known to me to be the persons whose names are subscribed to the foregoing instrument, and acknowledged that they executed the same for the purposes therein contained.
[Notary Public Name]
Notary Public in and for [State]
My Commission Expires: [Expiration Date]
