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.
A warranty deed is an important legal document used in real estate transactions that signifies the transfer of ownership rights from a corporation to an individual purchaser in McKinney, Texas. This type of deed provides absolute assurance that the property being conveyed is free from any defects, claims, or encumbrances, thereby offering the purchaser the highest level of protection. In McKinney, Texas, there are two common types of warranty deeds from a corporation to an individual: 1. General Warranty Deed: A general warranty deed is the most comprehensive and preferred form of conveyance. It guarantees that the corporation transferring the property holds clear and marketable title, which means that there are no undisclosed claims, liens, or encumbrances. This type of deed offers the purchaser ample protection and the corporation assumes full liability for any title defects that may arise. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, offers a more limited guarantee of title compared to a general warranty deed. It warrants that the corporation transferring the property holds clear title only for the period they owned the property. This means that the corporation is liable for any title defects or claims that occurred during its ownership but not for any issues preceding it. Special warranty deeds are commonly used in commercial transactions. In both types of warranty deeds, the document should contain the following essential information: 1. Parties involved: Clearly state the names of the corporation transferring the property as the granter and the individual receiving the property as the grantee. 2. Property description: Provide an accurate and detailed legal description of the property being conveyed. This should include the lot of number, block number, subdivision name (if applicable), and any other relevant descriptors. 3. Consideration: Specify the amount of money or value exchanged for the property transfer. It can be a dollar amount or mention that the conveyance is for a valuable consideration. 4. Conveyance language: Clearly state that the corporation grants, sells, and conveys the property to the individual grantee, warranting its title. 5. Covenants: Include the necessary covenants and warranties, such as a covenant of basin (asserting that the granter has valid ownership), a covenant against encumbrances (ensuring no undisclosed claims), and an overall warranty of title. 6. Execution: The deed must be signed and notarized by an authorized representative of the corporation. The grantee should also sign as an acknowledgement of receiving the property. It is important to consult with a qualified attorney or real estate professional to ensure that all the necessary provisions are included and that the deed complies with local laws and regulations in McKinney, Texas.A warranty deed is an important legal document used in real estate transactions that signifies the transfer of ownership rights from a corporation to an individual purchaser in McKinney, Texas. This type of deed provides absolute assurance that the property being conveyed is free from any defects, claims, or encumbrances, thereby offering the purchaser the highest level of protection. In McKinney, Texas, there are two common types of warranty deeds from a corporation to an individual: 1. General Warranty Deed: A general warranty deed is the most comprehensive and preferred form of conveyance. It guarantees that the corporation transferring the property holds clear and marketable title, which means that there are no undisclosed claims, liens, or encumbrances. This type of deed offers the purchaser ample protection and the corporation assumes full liability for any title defects that may arise. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, offers a more limited guarantee of title compared to a general warranty deed. It warrants that the corporation transferring the property holds clear title only for the period they owned the property. This means that the corporation is liable for any title defects or claims that occurred during its ownership but not for any issues preceding it. Special warranty deeds are commonly used in commercial transactions. In both types of warranty deeds, the document should contain the following essential information: 1. Parties involved: Clearly state the names of the corporation transferring the property as the granter and the individual receiving the property as the grantee. 2. Property description: Provide an accurate and detailed legal description of the property being conveyed. This should include the lot of number, block number, subdivision name (if applicable), and any other relevant descriptors. 3. Consideration: Specify the amount of money or value exchanged for the property transfer. It can be a dollar amount or mention that the conveyance is for a valuable consideration. 4. Conveyance language: Clearly state that the corporation grants, sells, and conveys the property to the individual grantee, warranting its title. 5. Covenants: Include the necessary covenants and warranties, such as a covenant of basin (asserting that the granter has valid ownership), a covenant against encumbrances (ensuring no undisclosed claims), and an overall warranty of title. 6. Execution: The deed must be signed and notarized by an authorized representative of the corporation. The grantee should also sign as an acknowledgement of receiving the property. It is important to consult with a qualified attorney or real estate professional to ensure that all the necessary provisions are included and that the deed complies with local laws and regulations in McKinney, Texas.
