This form is a Warranty Deed where the Grantors are two individuals and the Grantees are two individuals. Grantors convey and warrant the described property to Grantees. This deed complies with all state statutory laws.
A General Warranty Deed is a legal document that serves as evidence of the transfer of real property ownership from two individuals to two other individuals in Plano, Texas. This type of deed provides the highest level of protection for the buyer, as it guarantees that the property is free from any claims, liens, or encumbrances that may arise during the previous ownership. In Plano, Texas, there are two main types of General Warranty Deeds used for transfer between two individuals; they are: 1. Plano Texas General Warranty Deed for Individual to Individual Transfer: This type of deed is used when two individuals decide to sell or transfer property ownership to two other individuals in Plano, Texas. It outlines the legal description of the property, the granters (original owners), and the grantees (new owners), and includes a comprehensive warranty clause assuring that the property is conveyed free and clear of any claim. 2. Plano Texas General Warranty Deed with Special Warranty: This variant of the General Warranty Deed offers slightly different conditions. While it still guarantees that the property is free from any claims, liens, or encumbrances during the granters' ownership, the warranty is limited to only the period when the granters held the property. This means that any defects or issues existing before the granters' time of ownership will not be covered under this special warranty. Overall, a Plano Texas General Warranty Deed provides substantial protection for both the sellers (granters) and buyers (grantees) by ensuring a clear and undisputed transfer of property ownership. It is crucial to consult an experienced attorney or real estate professional to draft and review these documents carefully, ensuring all parties' rights and interests are safeguarded throughout the transaction process.
