This form is a Warranty Deed where the Grantor is an Individual and the Grantees aretwo Individuals. Grantor conveys and warrants the described property to the Grantees. This deed complies with all state statutory laws.
A San Angelo Texas Warranty Deed — One Individual to Two Individuals is a legal document that is used to transfer ownership of real estate property from one individual to two other individuals with certain guarantees or warranties. This type of deed ensures that the current owner (granter) has the right to sell the property without any encumbrances or claims. In this deed, the granter is an individual who has complete ownership of the property and wishes to transfer it to two other individuals (grantees) jointly. The purpose of this deed is to provide evidence of the transfer and establish the rights and responsibilities of the grantees. The San Angelo Texas Warranty Deed — One Individual to Two Individuals includes important information such as: 1. Property Description: The deed contains a detailed description of the property being transferred, including its legal description, boundaries, and any accompanying structures or fixtures. This identifies the specific real estate that is subject to the deed. 2. Granter and Grantee Details: The names and addresses of the granter (current owner) and the two grantees (individuals receiving ownership) are included in the deed. This ensures that the transfer is legally binding and recognized by all parties involved. 3. Consideration: The consideration is the value or payment exchanged for the property. It may include monetary compensation, services, or other assets. The deed typically mentions the consideration to indicate that the transfer was not a gift or a fraudulent transaction. 4. Covenants or Warranties: The warranty deed includes guarantees or warranties provided by the granter to the grantees. These warranties include: a. Covenant of Basin: The granter assures that they have complete ownership and possess the right to sell the property. b. Covenant of Quiet Enjoyment: The granter guarantees that the grantees will not face any disturbance or legal claims to their ownership from third parties. c. Covenant of Further Assurance: The granter agrees to take all necessary actions to ensure the grantees' ownership rights are protected and supported. 5. Signatures and Notarization: The deed must be signed by the granter in the presence of a notary public. The notary public's role is to authenticate the granter's signature and ensure the deed's validity. Different types of San Angelo Texas Warranty Deed — One Individual to Two Individuals may include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantees. The granter warrants against any title defects, claims, or encumbrances that may arise during their ownership or even prior to their ownership. 2. Special Warranty Deed: The granter warrants against title defects, claims, or encumbrances only during their ownership period. This type of warranty deed does not cover issues that may have existed before the granter's ownership. 3. Quitclaim Deed: Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees about the property's title. It simply transfers the granter's interest or rights to the grantees without any assurances. 4. Lady Bird Deed: This is a specialized type of warranty deed that allows property owners to retain control and rights to the property during their lifetime, while including a provision for automatic transfer of ownership to the grantees upon their death, avoiding the need for probate. In conclusion, a San Angelo Texas Warranty Deed — One Individual to Two Individuals is a legal document that facilitates the transfer of property ownership from one individual to two other individuals, with various warranties and guarantees. Different types of warranty deeds offer varying levels of protection and include general warranty deeds, special warranty deeds, quitclaim deeds, and Lady Bird deeds.A San Angelo Texas Warranty Deed — One Individual to Two Individuals is a legal document that is used to transfer ownership of real estate property from one individual to two other individuals with certain guarantees or warranties. This type of deed ensures that the current owner (granter) has the right to sell the property without any encumbrances or claims. In this deed, the granter is an individual who has complete ownership of the property and wishes to transfer it to two other individuals (grantees) jointly. The purpose of this deed is to provide evidence of the transfer and establish the rights and responsibilities of the grantees. The San Angelo Texas Warranty Deed — One Individual to Two Individuals includes important information such as: 1. Property Description: The deed contains a detailed description of the property being transferred, including its legal description, boundaries, and any accompanying structures or fixtures. This identifies the specific real estate that is subject to the deed. 2. Granter and Grantee Details: The names and addresses of the granter (current owner) and the two grantees (individuals receiving ownership) are included in the deed. This ensures that the transfer is legally binding and recognized by all parties involved. 3. Consideration: The consideration is the value or payment exchanged for the property. It may include monetary compensation, services, or other assets. The deed typically mentions the consideration to indicate that the transfer was not a gift or a fraudulent transaction. 4. Covenants or Warranties: The warranty deed includes guarantees or warranties provided by the granter to the grantees. These warranties include: a. Covenant of Basin: The granter assures that they have complete ownership and possess the right to sell the property. b. Covenant of Quiet Enjoyment: The granter guarantees that the grantees will not face any disturbance or legal claims to their ownership from third parties. c. Covenant of Further Assurance: The granter agrees to take all necessary actions to ensure the grantees' ownership rights are protected and supported. 5. Signatures and Notarization: The deed must be signed by the granter in the presence of a notary public. The notary public's role is to authenticate the granter's signature and ensure the deed's validity. Different types of San Angelo Texas Warranty Deed — One Individual to Two Individuals may include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantees. The granter warrants against any title defects, claims, or encumbrances that may arise during their ownership or even prior to their ownership. 2. Special Warranty Deed: The granter warrants against title defects, claims, or encumbrances only during their ownership period. This type of warranty deed does not cover issues that may have existed before the granter's ownership. 3. Quitclaim Deed: Unlike warranty deeds, a quitclaim deed does not provide any warranties or guarantees about the property's title. It simply transfers the granter's interest or rights to the grantees without any assurances. 4. Lady Bird Deed: This is a specialized type of warranty deed that allows property owners to retain control and rights to the property during their lifetime, while including a provision for automatic transfer of ownership to the grantees upon their death, avoiding the need for probate. In conclusion, a San Angelo Texas Warranty Deed — One Individual to Two Individuals is a legal document that facilitates the transfer of property ownership from one individual to two other individuals, with various warranties and guarantees. Different types of warranty deeds offer varying levels of protection and include general warranty deeds, special warranty deeds, quitclaim deeds, and Lady Bird deeds.
