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Texas General Warranty Deed - Husband and Wife to Three Individuals

State:
Texas
Control #:
TX-039-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a General Warranty Deed where the grantors are husband and wife and the grantees are three individuals. Grantors convey and generally warrant the described property to the grantees. The grantees take the property as tenants in common or as joint tenants with the right of survivorship. This deed complies with all state statutory laws.

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FAQ

If you live in a common-law state, you can keep your spouse's name off the title the document that says who owns the property.You can put your spouse on the title without putting them on the mortgage; this would mean that they share ownership of the home but aren't legally responsible for making mortgage payments.

Joint Tenancy Two or more people, including spouses, may hold title to their jointly owned real estate as joint tenants. There is a so-called right of survivorship, which means that when one dies, the property automatically transfers to the survivor without the necessity of probating the estate.

Adding someone to your house deed requires the filing of a legal form known as a quitclaim deed. When executed and notarized, the quitclaim deed legally overrides the current deed to your home. By filing the quitclaim deed, you can add someone to the title of your home, in effect transferring a share of ownership.

A warranty deed can include six traditional forms of Covenants for Title, sometimes known as the English covenants of title. Those six traditional forms of covenants can be broken down into two categories: present covenants and future covenants.

A In order to make your partner a joint owner you will need to add his name at the Land Registry, for which there is a fee of £280 (assuming you transfer half the house to him). You won't, however, have to pay capital gains tax, as gifts between civil partners (and spouses) are tax free.

In California, all property bought during the marriage with income that was earned during the marriage is deemed "community property." The law implies that both spouses own this property equally, regardless of which name is on the title deed.

LAND PARTITIONS IN TEXAS It is possible to separate an undivided interest in land through what is known as the land partition. Through a partition, co-ownership is converted into sole ownership and therefore one person gives up their common interest for a separate interest.

If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.

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Texas General Warranty Deed - Husband and Wife to Three Individuals