General Warranty Deed Form

NORTH CAROLINA GENERAL WARRANTY DEED

[Five (5) Individuals to Five (5) Individuals]

Control Number: NC-027-78

I. TIPS ON COMPLETING THE FORMS

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By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner.

II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY:

A. In the State of North Carolina, real property can be held by more than one person (concurrent estates) in the following ways:

1. If the Grantees ARE NOT married to each other, they can hold the property as:

a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size.

b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship, meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate.

2. If the Grantees ARE married to each other, they can hold the property as:

a. Tenants in Common – See above

b. Joint Tenants with the Right of Survivorship – See above

c. Tenants by the Entirety - a type of concurrent estate formerly available only to married couples, where ownership of property is treated as though the couple were a single legal person. Like a JTWROS, the tenancy by the entirety also encompasses a right of survivorship, so if one spouse dies, the entire interest in the property passes to the surviving spouse, without going through probate.

3. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common; Joint Tenants with Right of Survivorship; or, Tenants by the Entirety.

B. For additional information on the above see the definitions at:

http://lawdigest.uslegal.com/

C. For example:

“. . . as , . . .”

III. DISCLAIMER

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GENERAL WARRANTY DEED

(Five Individuals to Five Individuals)

Mail after recording to:

This instrument was prepared by:

Brief description for the Index:

THIS DEED made this the day of , 20 by and between

GRANTORS:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

GRANTEES:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

Street Address:

City, State, Zip:

WITNESSETH, that the Grantors for a valuable consideration paid by the Grantees, the receipt of which is hereby acknowledged, has and by these presents does grant, bargain, sell and convey unto the Grantees in fee simple, as , that certain lot or parcel of land situated in the City of , Township, County, North Carolina, and more particularly described as follows:

See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full

Legal Description:

The property hereinabove described was acquired by Grantors by instrument recorded in , . A map showing the above-described property is recorded in Map Book at Page .

TO HAVE AND TO HOLD the aforesaid lot or parcel of land and all privileges and appurtenances thereto belonging to the Grantees in fee simple. And the Grantors covenant with the Grantees, that Grantors are seized of the premises in fee simple, have the right to convey the same in fee simple, that title is marketable and free and clear of all encumbrances, and that Grantors will warrant and defend the title against the lawful claims of all persons whomsoever, except for the exceptions stated.

EXCEPTIONS: Title to the property hereinabove described is subject to the following exceptions:

IN WITNESS WHEREOF, the Grantors have each executed the above instrument on the day and year set forth below.

EXHIBIT A

Grantor:

Grantees:

Legal Description: