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 Travis Texas Warranty Deed from Individual to Individual is a legal document that establishes the transfer of property ownership between two individuals while guaranteeing that the property is free from any liens or encumbrances. It provides a substantial level of protection to the buyer, ensuring that they are acquiring a property with clear ownership rights. In Travis County, Texas, there are two common types of Warranty Deeds that can be used for such transfers between individuals: General Warranty Deed and Special Warranty Deed. 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyer. The granter (individual seller) guarantees that they have full legal ownership of the property and has the authority to transfer the title. The deed also ensures that the property is free from any undisclosed encumbrances, such as mortgages, liens, or claims. Should any issues arise in the future, the buyer can seek recourse from the granter. 2. Special Warranty Deed: Unlike the General Warranty Deed, a Special Warranty Deed offers a limited guarantee. The granter only warrants against any title defects or claims that may have arisen during their ownership period. This means that if there are any issues predating the granter's ownership, the buyer may not be protected. Special Warranty Deeds are often used in commercial real estate transactions or when the granter acquired the property through a non-traditional means, such as foreclosure or tax sale. It is important to note that regardless of the type, both parties involved in the transaction must sign the Warranty Deed in the presence of a notary public to ensure its validity. Additionally, the deed contains detailed information about the property, such as the legal description, purchase price, and any relevant conditions or covenants. When engaging in a real estate transaction in Travis County, Texas, it is highly recommended consulting with a qualified real estate attorney or a title company to ensure the validity and accuracy of the Warranty Deed.
