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 special warranty deed is a legal instrument used to transfer ownership rights of real estate from an individual to a corporation in Wichita Falls, Texas. This deed provides certain warranties and guarantees by the individual to the corporation. It is essential to understand the specific terms and conditions of the deed to ensure a smooth property transfer process. Below, we will explore the details of a Wichita Falls Texas Special Warranty Deed — Individual to Corporation, including its types and important keywords. 1. Basics of Special Warranty Deed: A special warranty deed is a legally binding document that conveys ownership of real estate from an individual (granter) to a corporation (grantee). It guarantees that the granter holds a valid title and has not incurred any encumbrances or liabilities during their ownership, except those explicitly mentioned in the deed. Unlike a general warranty deed, which provides comprehensive guarantees against all past title defects, a special warranty deed limits the granter's warranty only to issues that occurred during their ownership period. 2. Types of Wichita Falls Texas Special Warranty Deed — Individual to Corporation: a) Special Warranty Deed with Additional Covenants: This type of special warranty deed includes additional covenants and warranties agreed upon by both the granter and the grantee. These covenants may address specific concerns, such as the absence of undisclosed liens, encumbrances, or claims against the property during the granter's ownership. b) Special Warranty Deed for Specific Purpose: This variation of a special warranty deed specifies a particular purpose for the transfer of ownership from the individual to the corporation. For instance, it could be used when an individual is selling their personally-owned property to a corporation for commercial development or investment purposes. c) Special Warranty Deed with Survivorship Rights: In some cases, the special warranty deed may include survivorship rights, which means that if one party (either the granter or the grantee) passes away, their interest in the property automatically passes to the surviving party. This provision ensures seamless property ownership transfer in case of death. 3. Keywords related to Wichita Falls Texas Special Warranty Deed — Individual to Corporation— - Special Warranty Deed — Individual tCorporationio— - Real Estate Transfer — Title Guarante— - Property Ownership - Encumbrances — LieSearchrc— - Valid Title - Corporate Ownership — PropertDevelopmenten— - Commercial Investment — Survivorship Right— - Property Transfer Process — Grantor - Grantee It is crucial to involve legal professionals, such as real estate attorneys or title companies, when dealing with any type of special warranty deed. They can provide expert guidance, ensure compliance with local laws, perform liens searches, and help draft a comprehensive deed tailored to the specific situation.A special warranty deed is a legal instrument used to transfer ownership rights of real estate from an individual to a corporation in Wichita Falls, Texas. This deed provides certain warranties and guarantees by the individual to the corporation. It is essential to understand the specific terms and conditions of the deed to ensure a smooth property transfer process. Below, we will explore the details of a Wichita Falls Texas Special Warranty Deed — Individual to Corporation, including its types and important keywords. 1. Basics of Special Warranty Deed: A special warranty deed is a legally binding document that conveys ownership of real estate from an individual (granter) to a corporation (grantee). It guarantees that the granter holds a valid title and has not incurred any encumbrances or liabilities during their ownership, except those explicitly mentioned in the deed. Unlike a general warranty deed, which provides comprehensive guarantees against all past title defects, a special warranty deed limits the granter's warranty only to issues that occurred during their ownership period. 2. Types of Wichita Falls Texas Special Warranty Deed — Individual to Corporation: a) Special Warranty Deed with Additional Covenants: This type of special warranty deed includes additional covenants and warranties agreed upon by both the granter and the grantee. These covenants may address specific concerns, such as the absence of undisclosed liens, encumbrances, or claims against the property during the granter's ownership. b) Special Warranty Deed for Specific Purpose: This variation of a special warranty deed specifies a particular purpose for the transfer of ownership from the individual to the corporation. For instance, it could be used when an individual is selling their personally-owned property to a corporation for commercial development or investment purposes. c) Special Warranty Deed with Survivorship Rights: In some cases, the special warranty deed may include survivorship rights, which means that if one party (either the granter or the grantee) passes away, their interest in the property automatically passes to the surviving party. This provision ensures seamless property ownership transfer in case of death. 3. Keywords related to Wichita Falls Texas Special Warranty Deed — Individual to Corporation— - Special Warranty Deed — Individual tCorporationio— - Real Estate Transfer — Title Guarante— - Property Ownership - Encumbrances — LieSearchrc— - Valid Title - Corporate Ownership — PropertDevelopmenten— - Commercial Investment — Survivorship Right— - Property Transfer Process — Grantor - Grantee It is crucial to involve legal professionals, such as real estate attorneys or title companies, when dealing with any type of special warranty deed. They can provide expert guidance, ensure compliance with local laws, perform liens searches, and help draft a comprehensive deed tailored to the specific situation.
