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 Killeen Texas General Warranty Deed is a legal document that transfers the ownership of real estate from five individual granters to four individual grantees, subject to a life estate. This type of deed provides a guarantee that the property is free of any liens or encumbrances, and the granters are fully responsible for any defects in title. In this specific scenario, there are five individual granters who are relinquishing their ownership rights to the property. The four individual grantees will become the new owners of the property, but subject to a life estate. A life estate grants a specific individual (usually referred to as the life tenant) the right to use and enjoy the property during their lifetime, after which ownership would pass to the other grantees. This form of deed not only signifies the transfer of property rights, but also ensures that the grantees are protected against any claims that could arise from previous ownership or other legal issues relating to the property. Different types/variations of the Killeen Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate may include variations in the number of granters and grantees involved, as well as the conditions set forth in the life estate agreement.A Killeen Texas General Warranty Deed is a legal document that transfers the ownership of real estate from five individual granters to four individual grantees, subject to a life estate. This type of deed provides a guarantee that the property is free of any liens or encumbrances, and the granters are fully responsible for any defects in title. In this specific scenario, there are five individual granters who are relinquishing their ownership rights to the property. The four individual grantees will become the new owners of the property, but subject to a life estate. A life estate grants a specific individual (usually referred to as the life tenant) the right to use and enjoy the property during their lifetime, after which ownership would pass to the other grantees. This form of deed not only signifies the transfer of property rights, but also ensures that the grantees are protected against any claims that could arise from previous ownership or other legal issues relating to the property. Different types/variations of the Killeen Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate may include variations in the number of granters and grantees involved, as well as the conditions set forth in the life estate agreement.
