This form is a Special Warranty Deed where the grantor is an individual and the grantee is a corporation. Grantor conveys and specially warrants the described property to the grantee. The grantor only warrants and will defend the property only as to claims of persons claiming by, through or under grantor, but not otherwise. This deed complies with all state statutory laws.
A Tarrant Texas Special Warranty Deed — Individual to Corporation refers to a legal document that facilitates the transfer of property from an individual seller to a corporation buyer, specifically within Tarrant County, Texas. This type of deed provides specific warranties or guarantees from the seller only for the time they owned the property. The Tarrant Texas Special Warranty Deed — Individual to Corporation ensures that the seller, often referred to as the granter or individual, is transferring the property they own to the corporation buyer, known as the grantee. This deed affirms that the seller is the rightful owner and has the legal authority to sell the property. In this transaction, the seller grants the corporation a "special warranty" or limited guarantee. Unlike a general warranty deed that guarantees the property title from any defects occurring at any time, a special warranty deed guarantees that the seller will defend any defects or claims that originated during their ownership only. The Tarrant Texas Special Warranty Deed — Individual to Corporation is commonly used in commercial or business-related transactions. It enables corporations to acquire real estate assets, expand their business operations, or hold properties for investment purposes in Tarrant County. Different variations of Tarrant Texas Special Warranty Deed — Individual to Corporation may include: 1. Tarrant Texas Special Warranty Deed with Consideration: This type of deed includes a specific amount of consideration or value exchanged between the individual seller and the corporation buyer. The consideration can be in the form of money, stocks, or other assets. 2. Tarrant Texas Special Warranty Deed without Consideration: In some cases, the property transfer may occur without any monetary consideration. This type of deed is often used when transferring property between related parties or entities without the need for immediate payment. 3. Tarrant Texas Special Warranty Deed with Restrictions: This deed may contain certain restrictions or covenants that restrict the use or future transfer of the property. These restrictions can include zoning requirements, easements, or limitations on property usage to maintain its intended purpose or value. It is essential for both parties involved in the transaction to seek legal advice or consult a real estate attorney to ensure compliance with local laws, to understand the specific terms and conditions outlined within the deed, and to protect their respective rights and interests. Overall, a Tarrant Texas Special Warranty Deed — Individual to Corporation provides a legally binding framework for the transfer of property rights and serves as a fundamental document when conducting real estate transactions within Tarrant County, Texas.
