This form is a Special Warranty Deed where the Trust is the Grantor and the Grantees are two Individuals who will be joint tenants of the property with rights of survivorship. Grantor conveys and specially warrants the described property to the Grantees. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Carrollton Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal document that transfers ownership of a property in Carrollton, Texas, from a trust to two individuals. This type of deed ensures that the property is held jointly by the two individuals, and in the event of the death of one joint tenant, the surviving joint tenant automatically becomes the sole owner of the property. A special warranty deed is a type of real estate deed that guarantees the granter (in this case, the trust) holds a clear and marketable title to the property but provides limited warranties only for the time the granter owned the property. This means that the granter does not guarantee against any defects or claims that may arise before their ownership. By using a special warranty deed, the trust is transferring the property to the two individuals with the guarantee that there have been no encumbrances or title issues during the period the trust owned the property. The inclusion of "Trust to Two Individuals" in the deed's title indicates that the property was previously owned by a trust and is now being transferred to two individuals as joint tenants. "Joint Tenants with Rights of Survivorship" means that the two individuals who receive the property will share equal ownership and have the right of survivorship. Essentially, this means that if one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenant, regardless of any provisions in a will or trust. It's worth noting that there may be different variations or subtypes of the Carrollton Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship. However, these variations would mainly pertain to specific details or additional provisions that the parties involved may decide to include in the deed. Examples of such variations could be the inclusion of restrictions, easements, or special conditions agreed upon by the trust and the two individuals. Ultimately, a Carrollton Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal instrument that facilitates the transfer of ownership from a trust to two individuals, providing a clear title to the property while establishing joint tenancy with the right of survivorship.A Carrollton Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal document that transfers ownership of a property in Carrollton, Texas, from a trust to two individuals. This type of deed ensures that the property is held jointly by the two individuals, and in the event of the death of one joint tenant, the surviving joint tenant automatically becomes the sole owner of the property. A special warranty deed is a type of real estate deed that guarantees the granter (in this case, the trust) holds a clear and marketable title to the property but provides limited warranties only for the time the granter owned the property. This means that the granter does not guarantee against any defects or claims that may arise before their ownership. By using a special warranty deed, the trust is transferring the property to the two individuals with the guarantee that there have been no encumbrances or title issues during the period the trust owned the property. The inclusion of "Trust to Two Individuals" in the deed's title indicates that the property was previously owned by a trust and is now being transferred to two individuals as joint tenants. "Joint Tenants with Rights of Survivorship" means that the two individuals who receive the property will share equal ownership and have the right of survivorship. Essentially, this means that if one joint tenant passes away, their share of the property automatically transfers to the surviving joint tenant, regardless of any provisions in a will or trust. It's worth noting that there may be different variations or subtypes of the Carrollton Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship. However, these variations would mainly pertain to specific details or additional provisions that the parties involved may decide to include in the deed. Examples of such variations could be the inclusion of restrictions, easements, or special conditions agreed upon by the trust and the two individuals. Ultimately, a Carrollton Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal instrument that facilitates the transfer of ownership from a trust to two individuals, providing a clear title to the property while establishing joint tenancy with the right of survivorship.
