This form is a General Warranty Deed where the Grantors are three individuals and the Grantee is a limited liability company. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A Bexar Texas General Warranty Deed is a legal document that establishes the transfer of real property from three individuals to a limited liability company (LLC). This deed ensures that the individuals, also known as granters or sellers, have the legal right to sell the property and guarantees the buyer or the LLC, known as the grantee, that there are no encumbrances or defects on the property title. In Bexar County, Texas, there are different types of General Warranty Deeds, each serving a specific purpose. They include: 1. General Warranty Deed with Individual Granters: This form is used when three individuals, acting as the sellers or granters, transfer ownership of the property to an LLC, acting as the buyer or grantee. It requires the granters to warrant and defend the title against any claims, liens, or defects that might arise in the future. 2. General Warranty Deed with Three Individuals as Grantees: This deed type is used when the three individuals become the beneficiaries or grantees of the LLC, transferring the ownership of the property to themselves collectively. In such cases, the LLC relinquishes its ownership rights and grants full title to the individuals. 3. Joint Tenancy with Rights of Survivorship General Warranty Deed: This type of deed is commonly used when three individuals jointly purchase a property and want to establish equal ownership rights. It ensures that if one co-owner passes away, their share automatically passes to the surviving joint tenants without the need for probate. 4. Tenancy in Common General Warranty Deed: When three individuals each hold a distinct share of a property, this deed is used to establish their ownership as tenants in common. It outlines their respective shares and allows each owner the freedom to sell, transfer, or encumber their interest without the consent of others. It is vital to consult with a qualified real estate attorney or title professional to determine the most suitable type of General Warranty Deed specific to your situation in Bexar County, Texas. Using the correct deed ensures a smooth transfer of property, protects the buyer's interests, and establishes a clear title history.A Bexar Texas General Warranty Deed is a legal document that establishes the transfer of real property from three individuals to a limited liability company (LLC). This deed ensures that the individuals, also known as granters or sellers, have the legal right to sell the property and guarantees the buyer or the LLC, known as the grantee, that there are no encumbrances or defects on the property title. In Bexar County, Texas, there are different types of General Warranty Deeds, each serving a specific purpose. They include: 1. General Warranty Deed with Individual Granters: This form is used when three individuals, acting as the sellers or granters, transfer ownership of the property to an LLC, acting as the buyer or grantee. It requires the granters to warrant and defend the title against any claims, liens, or defects that might arise in the future. 2. General Warranty Deed with Three Individuals as Grantees: This deed type is used when the three individuals become the beneficiaries or grantees of the LLC, transferring the ownership of the property to themselves collectively. In such cases, the LLC relinquishes its ownership rights and grants full title to the individuals. 3. Joint Tenancy with Rights of Survivorship General Warranty Deed: This type of deed is commonly used when three individuals jointly purchase a property and want to establish equal ownership rights. It ensures that if one co-owner passes away, their share automatically passes to the surviving joint tenants without the need for probate. 4. Tenancy in Common General Warranty Deed: When three individuals each hold a distinct share of a property, this deed is used to establish their ownership as tenants in common. It outlines their respective shares and allows each owner the freedom to sell, transfer, or encumber their interest without the consent of others. It is vital to consult with a qualified real estate attorney or title professional to determine the most suitable type of General Warranty Deed specific to your situation in Bexar County, Texas. Using the correct deed ensures a smooth transfer of property, protects the buyer's interests, and establishes a clear title history.
