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 San Antonio Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legal document used in the transfer of real estate property ownership in San Antonio, Texas. This type of deed involves five individual granters who are the current owners of the property, and four individual grantees who will become the new owners. The general warranty deed provides a guarantee from the granters that they have clear title to the property and the right to sell it. This means that the granters assure the grantees that the property is free from any liens, encumbrances, or claims. It offers the highest level of protection to the grantees. In this specific case, the deed is subject to a life estate. A life estate allows an individual, known as the life tenant, to possess and use the property for the duration of their lifetime. Once the life tenant passes away, ownership of the property fully transfers to the grantees named in the deed. The San Antonio Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is essential in ensuring a smooth and legally sound transfer of property ownership. It protects the rights of both the granters and the grantees involved.A San Antonio Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is a legal document used in the transfer of real estate property ownership in San Antonio, Texas. This type of deed involves five individual granters who are the current owners of the property, and four individual grantees who will become the new owners. The general warranty deed provides a guarantee from the granters that they have clear title to the property and the right to sell it. This means that the granters assure the grantees that the property is free from any liens, encumbrances, or claims. It offers the highest level of protection to the grantees. In this specific case, the deed is subject to a life estate. A life estate allows an individual, known as the life tenant, to possess and use the property for the duration of their lifetime. Once the life tenant passes away, ownership of the property fully transfers to the grantees named in the deed. The San Antonio Texas General Warranty Deed — Five IndividuaGrantersrs to Four Individual Grantees Subject to Life Estate is essential in ensuring a smooth and legally sound transfer of property ownership. It protects the rights of both the granters and the grantees involved.
