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.
One type of McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership is a type of legal document that allows a married couple to transfer ownership of real estate property to a limited partnership. This type of transfer provides certain assurances and protections for both the husband and the wife, as well as the limited partnership. In this specific type of deed, the husband and wife, acting as granters, transfer their joint rights and interests in the property to the limited partnership, known as the grantee. The grantee, which is a separate legal entity, assumes full ownership of the property and becomes responsible for any future obligations and liabilities associated with it. This legal document typically includes various important details, including the names and addresses of the granters and grantee, a detailed legal description of the property being transferred, and the specific terms and conditions of the transfer. It also guarantees that the granters have lawful authority to transfer the property and that there are no encumbrances or claims against it, except as specified in the deed itself. The McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership provides certain protections to the grantee, such as a warranty of title. This means that the granters guarantee that they hold clear and marketable title to the property and that they have the right to transfer it. If any future claims or disputes arise regarding the property, the granters are legally obligated to defend the grantee's ownership rights. Another important feature of this deed is the inclusion of covenants, or specific promises, made by the granters. These covenants typically include a covenant of basin, which guarantees that the granters have the legal right to transfer the property, and a covenant against encumbrances, which ensures that there are no undisclosed liens or encumbrances on the property. It's worth noting that there may be different variations or versions of the McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership, depending on specific circumstances or legal requirements. These variations may include specific provisions tailored to the needs and intentions of the parties involved, or they may address additional considerations, such as the division of profits and losses among the partners. In summary, the McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legal document that facilitates the transfer of property from a married couple to a limited partnership. It provides assurances and protections for all parties involved, ensuring a clear and unencumbered transfer of ownership.One type of McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership is a type of legal document that allows a married couple to transfer ownership of real estate property to a limited partnership. This type of transfer provides certain assurances and protections for both the husband and the wife, as well as the limited partnership. In this specific type of deed, the husband and wife, acting as granters, transfer their joint rights and interests in the property to the limited partnership, known as the grantee. The grantee, which is a separate legal entity, assumes full ownership of the property and becomes responsible for any future obligations and liabilities associated with it. This legal document typically includes various important details, including the names and addresses of the granters and grantee, a detailed legal description of the property being transferred, and the specific terms and conditions of the transfer. It also guarantees that the granters have lawful authority to transfer the property and that there are no encumbrances or claims against it, except as specified in the deed itself. The McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership provides certain protections to the grantee, such as a warranty of title. This means that the granters guarantee that they hold clear and marketable title to the property and that they have the right to transfer it. If any future claims or disputes arise regarding the property, the granters are legally obligated to defend the grantee's ownership rights. Another important feature of this deed is the inclusion of covenants, or specific promises, made by the granters. These covenants typically include a covenant of basin, which guarantees that the granters have the legal right to transfer the property, and a covenant against encumbrances, which ensures that there are no undisclosed liens or encumbrances on the property. It's worth noting that there may be different variations or versions of the McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership, depending on specific circumstances or legal requirements. These variations may include specific provisions tailored to the needs and intentions of the parties involved, or they may address additional considerations, such as the division of profits and losses among the partners. In summary, the McKinney Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legal document that facilitates the transfer of property from a married couple to a limited partnership. It provides assurances and protections for all parties involved, ensuring a clear and unencumbered transfer of ownership.
