This Warranty Deed from Corporation to Individual form is a Warranty Deed where the Grantor is a corporation and the Grantee is an individual. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
An Austin Texas Warranty Deed from Corporation to Individual is a legal document that transfers ownership of a property from a corporation to an individual. It guarantees that the corporation holds clear and marketable title to the property and grants the individual full ownership rights. The warranty deed acts as a legal assurance that the corporation has the right to sell the property and that it is free from any encumbrances or liens. It provides the individual with protection against any future claims or disputes regarding the property's ownership. There are different types of Austin Texas Warranty Deeds from Corporation to Individual based on the type of warranty provided: 1. General Warranty Deed: This type of warranty deed offers the most comprehensive protection to the individual. It guarantees that the corporation has a clear title to the property, and it will defend the individual against any claims that may arise in the future, even if the claim is based on events that occurred before the corporation acquired the property. 2. Special Warranty Deed: In this type of warranty deed, the corporation guarantees that it has not caused any encumbrances or defects in the property's title during its ownership. It provides protection to the individual against any claims or issues arising from the corporation's actions or omissions. 3. Quitclaim Deed: Unlike a general or special warranty deed, a quitclaim deed offers no warranties to the individual. It merely transfers whatever interest the corporation has in the property to the individual, without guaranteeing the title's quality or any encumbrances. This type of warranty deed is often used in situations where there is a pre-existing relationship between the corporation and the individual, and they trust each other to resolve any potential issues. It is crucial for both the corporation and the individual to carefully review and understand the terms and conditions of the warranty deed before proceeding with the transfer of the property. It is recommended to consult with an attorney specializing in real estate law to ensure the deed accurately reflects the intentions and protects the interests of both parties involved.
