This form is a General Warranty Deed where the Grantors are five individuals and the Grantees are four individuals. Grantors convey and generally warrant the described property to the Grantees. The Grantees take the property as tenants in common or joint tenants with the right of survivorship. The Grantees also take the property subject to a life estate in a named individual. This deed complies with all state statutory laws.
A Carrollton Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legally binding document used to transfer ownership of a property from five individuals (granters) to four individuals (grantees) while maintaining a life estate for the original owners. This type of deed provides a guarantee that the property is free of any encumbrances or claims, ensuring a secure title transfer. In a Carrollton Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate, the granters are individuals who currently own the property and wish to transfer their ownership to the grantees. The grantees, on the other hand, are the recipients of the property and will hold ownership rights once the transfer is complete. A crucial aspect of this deed is the "subject to life estate" provision, which means that the granters retain the right to live on the property for the duration of their lifetimes. Upon their passing, full ownership rights will transfer to the grantees. This provision ensures that the granters have the right to occupy and use the property until their passing, providing them with security and peace of mind. By using a General Warranty Deed, the granters guarantee that they have full legal authority to transfer the property and that there are no undisclosed claims or encumbrances on the property, including liens, mortgages, or easements. This guarantees the grantees' clear and marketable title, protecting them against any future disputes arising from previous ownership. This type of deed holds great significance in real estate transactions as it provides transparency and protection to both the granters and grantees. It ensures a smooth transfer of ownership and minimizes the risk of any legal issues that could jeopardize the property's title. Overall, a Carrollton Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legally binding document that facilitates the transfer of property ownership while protecting the interests of both parties involved. This type of deed ensures a clear and marketable title and allows the granters to retain their right to live on the property until their passing, providing a secure and transparent transaction process. Keywords: Carrollton Texas, General Warranty Deed, five individual granters, four individual grantees, subject to life estate, property ownership, transfer of ownership, secure title transfer, clear and marketable title, legal authority, undisclosed claims, encumbrances, liens, mortgages, easements, real estate transactions, smooth transfer, protection, transparent transaction process.A Carrollton Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legally binding document used to transfer ownership of a property from five individuals (granters) to four individuals (grantees) while maintaining a life estate for the original owners. This type of deed provides a guarantee that the property is free of any encumbrances or claims, ensuring a secure title transfer. In a Carrollton Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate, the granters are individuals who currently own the property and wish to transfer their ownership to the grantees. The grantees, on the other hand, are the recipients of the property and will hold ownership rights once the transfer is complete. A crucial aspect of this deed is the "subject to life estate" provision, which means that the granters retain the right to live on the property for the duration of their lifetimes. Upon their passing, full ownership rights will transfer to the grantees. This provision ensures that the granters have the right to occupy and use the property until their passing, providing them with security and peace of mind. By using a General Warranty Deed, the granters guarantee that they have full legal authority to transfer the property and that there are no undisclosed claims or encumbrances on the property, including liens, mortgages, or easements. This guarantees the grantees' clear and marketable title, protecting them against any future disputes arising from previous ownership. This type of deed holds great significance in real estate transactions as it provides transparency and protection to both the granters and grantees. It ensures a smooth transfer of ownership and minimizes the risk of any legal issues that could jeopardize the property's title. Overall, a Carrollton Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legally binding document that facilitates the transfer of property ownership while protecting the interests of both parties involved. This type of deed ensures a clear and marketable title and allows the granters to retain their right to live on the property until their passing, providing a secure and transparent transaction process. Keywords: Carrollton Texas, General Warranty Deed, five individual granters, four individual grantees, subject to life estate, property ownership, transfer of ownership, secure title transfer, clear and marketable title, legal authority, undisclosed claims, encumbrances, liens, mortgages, easements, real estate transactions, smooth transfer, protection, transparent transaction process.
