Fill and Sign the Special Warranty Deed Corporation to Two Individuals Husband and Wife Oklahoma Form

© 2016 - U.S. Legal Forms, Inc.       OKLAHOMA SPECIAL WARRANTY DEED [Corporation to Husband and Wife / Two Individuals] Control Number: OK-027-78 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. 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 Oklahoma, 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 Tenants in Common , . . . ” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Oklahoma. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney. THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Property Address:             Grantee Mailing Address:             SPECIAL WARRANTY DEED [Corporation to Husband and Wife / Two Individuals] That       , a corporation organized under the laws of the State of Oklahoma , whose address is       , Grantor, in consideration of the sum of TEN & NO/100-($10.00), and other valuable considerations, in hand paid, the receipt of which is hereby acknowledged, does hereby grant, bargain, sell and convey unto       whose address is       , and       , whose address is       , individuals , Grantees, as       , the following described real property and premises situate in       County, State of Oklahoma, to-wit: See Legal Description Attached as Exhibit A incorporated by reference Legal Description:       Special Warranty Deed Page 1 of 2 together with all the improvements thereon and the appurtenances thereunto belonging. AND THE SAID Grantor will only warrant and forever defend the right and title to the above described property unto the said Grantee against the claims of those persons claiming by, through or under Grantor, but not otherwise. EXCEPT covenants, conditions, easements, restrictions and mineral conveyances of record. IN WITNESS WHEREOF, the Grantor has caused its name to be hereunto subscribed by its       this the       day of       , 20       .       By Signature       Type or Print Name Title:       ACKNOWLEDGMENT STATE OF OKLAHOMA, County of __________________ , SS. This instrument was acknowledged before me on __________________ , 20 _____ , by ______________________________ of ________________________ , a ____________ corporation, on behalf of said corporation. [SEAL] Notary Public Special Warranty Deed Page 2 of 2       Type or Print Name My Commission Expires:       Special Warranty Deed Page 3 of 2 EXHIBIT A Grantor:       Grantees:             Legal Description:       Special Warranty Deed Exhibit A