This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. 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 Houston Texas Warranty Deed from Corporation to Corporation is a legal document used to transfer ownership of real estate property from one corporation to another in the city of Houston, Texas. This transaction involves the transfer of legal title to the property, ensuring that the buyer corporation receives clear ownership and protection against any future claims or disputes. A warranty deed is typically used in this type of transaction, which guarantees that the seller corporation has the legal right to transfer the property and that there are no undisclosed claims, liens, or encumbrances on the property. This provides the buyer corporation with assurances regarding the property's title and safeguards against potential legal issues that may arise later. Several types of warranty deeds can be used in Houston, Texas, depending on the specific circumstances of the transaction. These include: 1. General Warranty Deed: This is the most common type of deed used in corporate property transfers. It provides the highest level of protection to the buyer corporation by guaranteeing that the seller corporation will defend the title against any claims made by third parties. 2. Special Warranty Deed: This type of deed offers a more limited guarantee compared to a general warranty deed. It ensures that the seller corporation will only defend against claims that arose during the seller's ownership of the property, rather than any claims that may predate their ownership. 3. Quitclaim Deed: Although not as commonly used in corporate transactions, a quitclaim deed may also be used to transfer property from one corporation to another. Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees regarding the property's title. It simply transfers whatever interest or rights the seller corporation may have to the buyer corporation. It is important to note that these transactions should be handled by legal professionals, such as real estate attorneys or title companies, to ensure all legal requirements are met and proper documentation is prepared. The specific requirements and procedures for a Houston Texas Warranty Deed from Corporation to Corporation may vary, so consulting with a professional is essential.
