Fill and Sign the Tn Husband Wife 497326690 Form

© 2016 - U.S. Legal Forms, Inc.       TENNESSEE WARRANTY DEED [Husband and Wife to Two Individuals] Control Number: TN-035-78 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 Tennessee, 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 , . . .” OR “. . . as tenants by the entireties , . . .” OR “. . . as joint tenants with the right of survivorship , . . .” III. DISCLAIMER These materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Tennessee. 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. WARRANTY DEED [Husband and Wife / Two Individuals to Husband and Wife / Two Individuals] THIS INDENTURE, made and entered into this       day of       , 20       , by and between: GRANTORS:       , and       , Husband and Wife ,, and GRANTEES:       , and       , individuals . WITNESSETH: That for the consideration hereinafter expressed the Grantors have bargained and sold and does hereby bargain, sell, convey and confirm unto the said Grantees, as       , the following described real estate, situated and being in the County of       , State of Tennessee: (select one of the following) See Exhibit A attached hereto and incorporated as though set forth in full Legal Description:       TO HAVE AND TO HOLD the aforesaid real estate, together with all the appurtenances and hereditaments thereunto belonging or in any wise appertaining unto the Grantees, and Grantee’s heirs and assigns in fee simple forever. And the Grantors do hereby covenant with the Grantees that Grantors are lawfully seized in fee of the real estate described above; that Grantors have a good right to sell and convey the same; that the same is unencumbered, except for:       And that the title and quiet possession thereto Grantors will warrant and forever defend against the lawful claims of all persons. THE CONSIDERATION for this conveyance is as follows: Ten ($10.00) Dollars cash in hand paid, and other good and valuable considerations, the receipt of all of which is hereby acknowledged. Warranty Deed Page 1 of 3 The word "Grantor or Grantee" as used herein shall mean "Grantors or Grantees" if it refers to more than one person or entity, and pronouns shall be construed according to their proper gender and number according to the context hereof. WITNESS the hand and seals of the Grantors on the day and year set forth below. Date:       Date:       Grantor’s Signature Grantor’s Signature             Print or Type Name Print or Type Name STATE OF       COUNTY OF       Personally appeared before me, the undersigned, a Notary Public in and for the said County and State, duly commissioned and qualified,       and       the within named Grantor(s), with whom I am personally acquainted (or proved to me on the basis of satisfactory evidence), and who acknowledged that they executed the foregoing instrument for the purposes therein contained. WITNESS my hand and seal, this       day of       , 20       . Notary Public My commission expires:       STATE OF       COUNTY OF       I, or we, hereby swear or affirm that to the best of affiant's knowledge, information, and belief, the actual consideration for this transfer or value of the property transferred, whichever is greater, is $       , which amount is equal to or greater than the amount which the property transferred would command at a fair and voluntary sale. Affiant Affiant Subscribed and sworn to before me this the _____ day of _____________, 20___. Notary Public My commission expires:       ___________________________________________________________________________________________ (SPACE BELOW THIS LINE FOR STATISTICAL AND RECORDING DATA ONLY) PROPERTY ADDRESS: Warranty Deed Page 2 of 3                         MAIL TAX NOTICES TO: (Name/Address)                         NAME AND ADDRESS OF PROPERTY OWNERS:                         THIS INSTRUMENT PREPARED BY:                         RETURN TO:                         MT#:       TAX PARCEL NO.:       STATE TAX: $       REGISTER'S FEE: $       RECORDING FEE: $       TOTAL: $       Warranty Deed Page 3 of 3 EXHIBIT A Grantors:             Grantees:             Legal Description:       Warranty Deed Exhibit A