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 Pearland Texas Warranty Deed from Corporation to Corporation is a legal document that transfers ownership of real property from one corporation to another within the city of Pearland, Texas. This deed represents a binding agreement between the selling corporation, known as the granter, and the purchasing corporation, known as the grantee. The warranty deed ensures that the granter has the legal right to sell the property and guarantees that the property is free from any encumbrances, except those mentioned in the deed. It provides the grantee with assurances that they are acquiring clear title to the property and protects them from any potential future claims against the property's ownership. Keywords: — Pearland Texas: Referring to the specific geographical location of this warranty deed. — Warranty Deed: The legal document used to transfer property ownership rights. — Corporation to Corporation: Specifies that the transfer is occurring between two corporations. Granteror: The selling corporation transferring ownership. — Grantee: The purchasing corporation acquiring ownership. — Ownership transfer: The process of transferring property rights from one corporation to another. — Real property: Refers to land and any structures or improvements attached to it. — Encumbrances: Any claims or liabilities attached to the property, such as mortgages or easements. — Clear title: Assurance that the property has no undisclosed ownership claims or legal issues. Types of Pearland Texas Warranty Deed from Corporation to Corporation include: 1. General Warranty Deed: This type of deed guarantees the grantee that the granter has clear title to the property and defends it against any claims that may arise, even if the claim originated prior to the granter's ownership. 2. Special Warranty Deed: In this type of deed, the granter guarantees that during their ownership, no encumbrances except those stated in the deed have occurred. Unlike a general warranty deed, it limits the granter's liability to their period of ownership. 3. Quitclaim Deed: While not specifically a warranty deed, this type of deed is commonly used in corporation-to-corporation transfers. It transfers whatever interest the granter corporation has in the property, without any warranties or guarantees. It is primarily used when the transfer is occurring between related entities or for non-sale transfers, such as mergers or reorganizations. Overall, a Pearland Texas Warranty Deed from Corporation to Corporation is a vital legal document for property transfers, ensuring a clear and unencumbered ownership transfer between corporations in Pearland, Texas.
