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 Houston Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legal document that transfers ownership of real property from five individual granters to four individual grantees. The deed provides a general warranty, ensuring that the granters have clear and marketable title to the property and will defend the title against any claims. The deed is specific to properties located in Houston, Texas, and is commonly used when multiple individuals are transferring ownership to multiple individuals. In this case, there are five granters, who are the current owners of the property, and four grantees, who will become the new owners. The deed also includes a provision for a life estate, which means that one or more individuals will have the right to use and possess the property for the duration of their lifetime. This is typically included when the granters wish to retain a life estate interest in the property while transferring ownership to others. Some other types of Houston Texas General Warranty Deeds with similar features but different nuances or provisions may include: 1. Houston Texas General Warranty Deed with Right of Survivorship — This type of deed includes a provision that allows the ownership interest to automatically pass to the surviving grantees upon the death of one of the granters. 2. Houston Texas General Warranty Deed with Restrictive Covenants — This type of deed includes additional provisions that impose certain restrictions or limitations on the use or development of the property. These may include restrictions on building height, setback requirements, or limitations on certain activities. It is important to consult with a qualified real estate attorney or professional when dealing with any type of deed to ensure that all legal requirements are met and that the document accurately reflects the intentions of the parties involved.
