This Warranty Deed from Individual to Individual form is a Warranty Deed where the Grantor is an individual 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 a legal document used in real estate transactions that transfers ownership of a property from one individual to another in Grand Prairie, Texas. This type of deed provides a guarantee or warranty that the property is free from any encumbrances or defects in the title, except those listed in the deed. In Grand Prairie, Texas, there are several types of warranty deeds that can be used when transferring property from one individual to another. Some of these include: 1. General Warranty Deed: This is the most common type of warranty deed used in Grand Prairie, Texas. It guarantees that the granter (the seller or transferor) has the legal right to sell the property and that there are no undisclosed liens, encumbrances, or defects in the title. 2. Special Warranty Deed: This type of warranty deed also guarantees that the granter has the legal right to sell the property, but it only covers the period of time that the granter owned the property. It does not provide a guarantee for any issues that may have arisen before the granter's ownership. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed is another type of deed commonly used in Grand Prairie, Texas. Unlike warranty deeds, it does not provide any guarantee or warranty regarding the title. It simply transfers the granter's interest in the property to the grantee (the buyer or transferee), if any. 4. Lady Bird Deed: This is a specialized type of warranty deed that allows a property owner in Grand Prairie, Texas, to transfer property while retaining a life estate for themselves. It is often used for estate planning purposes and can provide various benefits, such as avoiding probate. When using any type of warranty deed in Grand Prairie, Texas, it is essential to consult with a real estate attorney to ensure that all necessary legal requirements are met and that the deed accurately reflects the intentions of both parties.A warranty deed is a legal document used in real estate transactions that transfers ownership of a property from one individual to another in Grand Prairie, Texas. This type of deed provides a guarantee or warranty that the property is free from any encumbrances or defects in the title, except those listed in the deed. In Grand Prairie, Texas, there are several types of warranty deeds that can be used when transferring property from one individual to another. Some of these include: 1. General Warranty Deed: This is the most common type of warranty deed used in Grand Prairie, Texas. It guarantees that the granter (the seller or transferor) has the legal right to sell the property and that there are no undisclosed liens, encumbrances, or defects in the title. 2. Special Warranty Deed: This type of warranty deed also guarantees that the granter has the legal right to sell the property, but it only covers the period of time that the granter owned the property. It does not provide a guarantee for any issues that may have arisen before the granter's ownership. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed is another type of deed commonly used in Grand Prairie, Texas. Unlike warranty deeds, it does not provide any guarantee or warranty regarding the title. It simply transfers the granter's interest in the property to the grantee (the buyer or transferee), if any. 4. Lady Bird Deed: This is a specialized type of warranty deed that allows a property owner in Grand Prairie, Texas, to transfer property while retaining a life estate for themselves. It is often used for estate planning purposes and can provide various benefits, such as avoiding probate. When using any type of warranty deed in Grand Prairie, Texas, it is essential to consult with a real estate attorney to ensure that all necessary legal requirements are met and that the deed accurately reflects the intentions of both parties.
