This form is a General Warranty Deed where the grantors are husband and wife and the grantee is a limited partnership. Grantors convey and generally warrant the described property to the grantee. This deed complies with all state statutory laws.
A Carrollton Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legal document used to transfer real estate ownership from a married couple to a limited partnership entity. This type of deed provides a guarantee to the new owner (the partnership) that the property is free from any legal claims or defects, ensuring the rightful ownership rights. In Carrollton, Texas, there are a few variations of the General Warranty Deed — Husband and Wife to Limited Partnership: 1. Joint Tenancy: This is a common type of ownership between a husband and wife where they both have an equal, undivided interest in the property. Upon the death of one spouse, the surviving spouse automatically inherits the deceased spouse's share. 2. Tenancy in Common: In this type of ownership, the husband and wife can have unequal interests in the property. Upon the death of one spouse, their interest in the property will pass according to their will or through the laws of intestacy. 3. Community Property: In Texas, property acquired during marriage is generally considered community property, and both spouses have an equal ownership interest. This type of ownership provides certain tax advantages and protections. Keywords: Carrollton Texas, General Warranty Deed, Husband and Wife, Limited Partnership, real estate ownership, legal document, transfer, guarantees, claims, defects, rightful ownership rights, Joint Tenancy, Tenancy in Common, Community Property.A Carrollton Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legal document used to transfer real estate ownership from a married couple to a limited partnership entity. This type of deed provides a guarantee to the new owner (the partnership) that the property is free from any legal claims or defects, ensuring the rightful ownership rights. In Carrollton, Texas, there are a few variations of the General Warranty Deed — Husband and Wife to Limited Partnership: 1. Joint Tenancy: This is a common type of ownership between a husband and wife where they both have an equal, undivided interest in the property. Upon the death of one spouse, the surviving spouse automatically inherits the deceased spouse's share. 2. Tenancy in Common: In this type of ownership, the husband and wife can have unequal interests in the property. Upon the death of one spouse, their interest in the property will pass according to their will or through the laws of intestacy. 3. Community Property: In Texas, property acquired during marriage is generally considered community property, and both spouses have an equal ownership interest. This type of ownership provides certain tax advantages and protections. Keywords: Carrollton Texas, General Warranty Deed, Husband and Wife, Limited Partnership, real estate ownership, legal document, transfer, guarantees, claims, defects, rightful ownership rights, Joint Tenancy, Tenancy in Common, Community Property.
