Houston Texas General Warranty Deed - Five Individual Grantors to Four Individual Grantees Subject to Life Estate

State:
Texas
City:
Houston
Control #:
TX-043-78
Format:
Word; 
Rich Text
Instant download

Description

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.

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FAQ

The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems. A general warranty deed also assures the buyer that there will be no issues with the title.

The fee to prepare a Property Deed for you is $195. Your deed will be prepared by a Texas licensed attorney in about an hour. This fee does not include the county recording fee. The county recording fee is approximately $15 to $40, depending on the county the property is located in.

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

General Warranty Deed prepared for $195 Do you have questions about a General Warranty Deed?

Special Warranty Deed TX A Special Warranty Deed is a document that transfers title with both express and implied warranties. However, unlike in a General Warranty Deed, the Grantor only warrants the title from the time the Grantor has owned the property.

To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

Although the deed describes above conveys ?a fee simple estate in real property with a covenant of general warranty,? section (b) of the statute says that a ?covenant of warranty is not required in a conveyance.? This means that other forms of deeds?like special warranty deeds or quitclaim deeds or deeds without

A special warranty deed is more limited than a general warranty deed, and it only warrants that title is free and clear from other claims during the time period of the grantor's ownership. It does not offer any protection for claims arising prior to the grantor's ownership.

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Texas Practice Series 1992). 1. Specific. The typical home buyer receives title under a general warranty deed.By general warranty deed dated August 10, 1995, York conveyed the 153. Individuals who wish to obtain a real estate license in the state of Texas must: 1. Apply for a license. Conveyance Containing No Separate Property Recital . He is a leader in the field of oil and gas title examination and is a past chair of the Texas State Bar Oil, Gas and Energy. Resources Law Section. Missing: Houston ‎Five ‎Four ‎Life , review of lease terms and other boilerplate requirements that seem to appear in almost any title opinion.

This is one of the most common errors people make in Texas Title. It will be discussed in detail in part V in the Texas Oil and Gas law section. In the meantime, the most effective procedure that I have used when selling a small parcel of land is the standard procedure that is used in Texas. It's called a “General Permitting” which is not a real estate transaction, but rather it's a state permit to drill for oil in accordance with Texas law. A general permitting license allows a person or company interested in oil and natural gas exploration to apply for a special ground lease. The license can be issued for both an existing well the operation of which has not been reported yet, which can be approved by two owners of the property, or for an independent well or lease without additional documentation required. A general permit allows a well to be drilled and the lease for the well to be issued for 10 years or ten years and one day of operation or whichever comes first.

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Houston Texas General Warranty Deed - Five Individual Grantors to Four Individual Grantees Subject to Life Estate