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.
The Odessa Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legal document that transfers ownership of real estate property from a married couple to a limited partnership in Odessa, Texas. This type of deed ensures that the property has clear ownership and is free from any liens or encumbrances, providing protection to the limited partnership acquiring the property. In this deed, the husband and wife, referred to as granters, convey the property to the limited partnership, known as the grantee. The use of a general warranty deed means that the granters guarantee that they have full legal ownership of the property and have the right to transfer it to the grantee. It also assures the grantee that they will be protected against any future claims or defects in the title. By using a general warranty deed, the husband and wife granters provide several important warranties to the limited partnership grantee. These warranties include: 1. Covenant of basin: This warranty ensures that the granters have legal title to the property and have the right to transfer it. 2. Covenant of right to convey: The granters warrant that they have the authority to sell and transfer the property. 3. Covenant against encumbrances: The granters guarantee that the property is free from any liens, mortgages, or other encumbrances, except those specified in the deed. 4. Covenant of quiet enjoyment: The granters promise that the grantee will have undisturbed and peaceful possession of the property without any lawful claims from third parties. 5. Covenant of warranty forever: The granters assure the grantee that they will defend the title against any lawful claims that may arise in the future. Different variations of the Odessa Texas General Warranty Deed — Husband and Wife to Limited Partnership may include specific clauses or provisions tailored to the unique circumstances of the property or the parties involved. Such variations could include: 1. Specific description of the property: The deed may provide a detailed legal description of the property being transferred, including its boundaries and any improvements on it. 2. Stating consideration: The deed may include a clause specifying the amount of consideration exchanged between the granters and grantee for the transfer of the property. 3. Release of marital rights: In some cases, the deed may contain a provision where the wife releases her marital rights to the property, ensuring that the limited partnership as the grantee has sole ownership. 4. Incorporation details: If the limited partnership is registered as a legal entity, the deed may include specific details about its formation, such as the partnership agreement or certificate of formation. In conclusion, the Odessa Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legally binding document that facilitates the transfer of property ownership from a married couple to a limited partnership. It provides the limited partnership with security and protection by guaranteeing clear ownership and protecting against any potential claims or defects in the title. Different variations of this deed may exist, including variations that specify property details, consideration, release of marital rights, or incorporation specifics.The Odessa Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legal document that transfers ownership of real estate property from a married couple to a limited partnership in Odessa, Texas. This type of deed ensures that the property has clear ownership and is free from any liens or encumbrances, providing protection to the limited partnership acquiring the property. In this deed, the husband and wife, referred to as granters, convey the property to the limited partnership, known as the grantee. The use of a general warranty deed means that the granters guarantee that they have full legal ownership of the property and have the right to transfer it to the grantee. It also assures the grantee that they will be protected against any future claims or defects in the title. By using a general warranty deed, the husband and wife granters provide several important warranties to the limited partnership grantee. These warranties include: 1. Covenant of basin: This warranty ensures that the granters have legal title to the property and have the right to transfer it. 2. Covenant of right to convey: The granters warrant that they have the authority to sell and transfer the property. 3. Covenant against encumbrances: The granters guarantee that the property is free from any liens, mortgages, or other encumbrances, except those specified in the deed. 4. Covenant of quiet enjoyment: The granters promise that the grantee will have undisturbed and peaceful possession of the property without any lawful claims from third parties. 5. Covenant of warranty forever: The granters assure the grantee that they will defend the title against any lawful claims that may arise in the future. Different variations of the Odessa Texas General Warranty Deed — Husband and Wife to Limited Partnership may include specific clauses or provisions tailored to the unique circumstances of the property or the parties involved. Such variations could include: 1. Specific description of the property: The deed may provide a detailed legal description of the property being transferred, including its boundaries and any improvements on it. 2. Stating consideration: The deed may include a clause specifying the amount of consideration exchanged between the granters and grantee for the transfer of the property. 3. Release of marital rights: In some cases, the deed may contain a provision where the wife releases her marital rights to the property, ensuring that the limited partnership as the grantee has sole ownership. 4. Incorporation details: If the limited partnership is registered as a legal entity, the deed may include specific details about its formation, such as the partnership agreement or certificate of formation. In conclusion, the Odessa Texas General Warranty Deed — Husband and Wife to Limited Partnership is a legally binding document that facilitates the transfer of property ownership from a married couple to a limited partnership. It provides the limited partnership with security and protection by guaranteeing clear ownership and protecting against any potential claims or defects in the title. Different variations of this deed may exist, including variations that specify property details, consideration, release of marital rights, or incorporation specifics.
