This form is a General Warranty Deed where the Grantors are five individuals and the Grantees are four individuals. Grantors convey and generally warrant the described property to the Grantees. The Grantees take the property as tenants in common or joint tenants with the right of survivorship. The Grantees also take the property subject to a life estate in a named individual. This deed complies with all state statutory laws.
The Abilene Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legal document that transfers property ownership from multiple individuals (granters) to multiple individuals (grantees) while also establishing a life estate for a specific individual. This type of deed provides a comprehensive and enforceable guarantee to the grantee that the property is free from any defects in the title. A general warranty deed is a common type of deed used in real estate transactions, ensuring that the granter has clear ownership of the property and the authority to transfer it. It provides the highest level of protection for the grantee against any claims or disputes that may arise regarding the title. In this specific case, the deed involves five individual granters who are transferring the property rights to four individual grantees. Additionally, a life estate is established, which grants a specific individual the right to use and occupy the property for the duration of their lifetime. After the life tenant's passing, the property will automatically transfer to the remaining grantees. By including the term "Individual Granters to Individual Grantees," it denotes that real individuals, not entities or organizations, are involved in the transfer of the property. This emphasizes the personal nature of the transaction. Keywords: Abilene, Texas, General Warranty Deed, individual granters, individual grantees, life estate, property ownership, legal document, real estate transaction, defects in title, clear ownership, the highest level of protection.The Abilene Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legal document that transfers property ownership from multiple individuals (granters) to multiple individuals (grantees) while also establishing a life estate for a specific individual. This type of deed provides a comprehensive and enforceable guarantee to the grantee that the property is free from any defects in the title. A general warranty deed is a common type of deed used in real estate transactions, ensuring that the granter has clear ownership of the property and the authority to transfer it. It provides the highest level of protection for the grantee against any claims or disputes that may arise regarding the title. In this specific case, the deed involves five individual granters who are transferring the property rights to four individual grantees. Additionally, a life estate is established, which grants a specific individual the right to use and occupy the property for the duration of their lifetime. After the life tenant's passing, the property will automatically transfer to the remaining grantees. By including the term "Individual Granters to Individual Grantees," it denotes that real individuals, not entities or organizations, are involved in the transfer of the property. This emphasizes the personal nature of the transaction. Keywords: Abilene, Texas, General Warranty Deed, individual granters, individual grantees, life estate, property ownership, legal document, real estate transaction, defects in title, clear ownership, the highest level of protection.
