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Transfer title of a NM real estate property from two sellers to two buyers with this New Mexico Warranty Deed for joint ownership with rights of survivorship. This is the type of Warranty Deed that is used to convey a property from one couple (spouses or partners) to another couple, who will live in the property. The sellers (grantors) covenant to the buyers (grantees) that they have good and marketable title to the property, they have the legal right and power to transfer the title, and they will defend the grantees' right to possess the property. The buyers can take title either as: - joint tenants, with rights of survivorship, which means that if one of them dies, title to the property passes to the surviving joint tenant, or - community property with rights of survivorship, or - community property without rights of survivorship. The Warranty Deed includes a Community Property Agreement to be signed by the buyers, if applicable. This New Mexico Warranty Deed for Joint Ownership template is downloadable and easy to use.
Document prepared by (after recording return to): Name: Address: --Above this line reserved for official use only-- WARRANTY DEED KNOW ALL MEN BY THESE PRESENTS THAT: FOR THE CONSIDERATION OF $____________________________ and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, _________________________________ and ________________________, Husband and Wife, of __________________________________________ [insert address] (hereinafter referred to as the “Grantors”) do hereby bargain, sell, convey and warrant to _________________________________ and ________________________, Husband and Wife, of __________________________________________ [insert address] (hereinafter referred to as the “Grantees”), as: [choose appropriate option below] _____ joint tenants, with rights of survivorship, and not as tenants in common, _____ community property with rights of survivorship _____ community property without rights of survivorship, the following lands and property, situated in the County of ____________________, State of New Mexico, together with all improvements located thereon: [Give legal description of property] Prior instrument reference: Book __________, Page _________, Document Number ________ Recorder of _________________ County, State of New Mexico LESS AND EXCEPT all oil, gas and minerals, on and under the above described property owned by the Grantors, if any, which are reserved by the Grantors. SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. -2- To have and to hold to the said Grantees: [choose appropriate option below] _____ as joint tenants with right of survivorship and not as tenants in common, or _____ community property with rights of survivorship, or _____ community property without rights of survivorship, their heirs, personal representatives, executors and assigns forever. GRANTORS do for themselves and their heirs and assigns, hereby covenant to Grantees and their heirs and assigns that the Grantors are well seized of the above-described premises as a good and indefeasible estate in fee simple, and have good right to bargain and sell the same
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