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Prepared by U.S. Legal Forms, Inc. Copyright 2016 U.S. Legal Forms, Inc. STATE OF RHODE ISLANDWARRANTY DEED Individual to Individual Control Number RI 02 78NOTES ON COMPLETING THESE Forsythe form(s)
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How to fill out warranty deed from individual

01
Obtain a blank warranty deed form. You can often find these forms at office supply stores or online.
02
Fill in the names and addresses of the parties involved - the grantor (individual transferring the property) and the grantee (person receiving the property).
03
Include a legal description of the property being transferred. This usually includes details such as the property's address, lot number, and any other identifying information.
04
Specify the type of warranty being provided. There are different types of warranties, such as general warranty (providing the most protection), special warranty (providing limited protection), and quitclaim deed (providing no warranty at all). Choose the appropriate type for your situation.
05
Have the grantor sign and date the warranty deed in front of a notary public. Notarization is necessary to make the deed legally valid.
06
Record the deed with the appropriate county or municipal office. This step ensures that the transfer of ownership is officially recognized.
07
Provide a copy of the recorded warranty deed to the grantee for their records.

Who needs warranty deed from individual?

01
Anyone who wants to transfer real property to another person may need a warranty deed from an individual.
02
This could include individuals who are selling their property, gifting property to a family member or friend, or transferring ownership as part of an estate plan.
03
It is also common for banks, mortgage lenders, and other financial institutions to require a warranty deed as part of the loan process to ensure clear title to the property.

What is Warranty Deed from Individual to Individual - Rhode Island Form?

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A warranty deed from an individual is a legal document that guarantees that the grantor (the individual transferring the property) holds clear title to the property and has the right to transfer it, providing a warranty of title that the property is free from any claims.
The individual transferring the property, known as the grantor, is required to file the warranty deed.
To fill out a warranty deed from an individual, you need to include the names of the grantor and grantee, a legal description of the property, the date of transfer, and any warranties of title. Signing in front of a notary public is usually required.
The purpose of a warranty deed from an individual is to provide assurance to the buyer that the seller owns the property outright and has the legal right to convey it, and to protect the buyer against future claims to the title by guaranteeing clear title.
The warranty deed must report the names of the grantor and grantee, the legal description of the property, the terms of the transfer, the date of execution, and the grantor's signature, usually witnessed and notarized.
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