This form is a General Warranty Deed where the Grantor is an individual and the Grantees are four individuals. The Grantor reserves a life estate. The Grantees take the property as joint tenants with the right of survivorship or as tenants in common. Grantor conveys and generally warrants the described property to the Grantees. This deed complies with all state statutory laws.
A Houston Texas General Warranty Deed — One Individual to Four Individuals with reserved Life Estate in Granter is a legal document used to transfer ownership of property from one person (granter) to four individuals (grantees), while also reserving a life estate for the granter. This allows the granter to retain the right to use and live in the property for the duration of their life. The term "Houston Texas" specifies that this deed is applicable within the jurisdiction of Houston, Texas. "General Warranty Deed" indicates that the granter guarantees clear title to the property and will defend it against any claims. This provides the grantees with assurance that the property is free of any encumbrances or defects in title. The deed involves the transfer of ownership rights from one individual (the granter) to four other individuals (the grantees), signifying a joint ownership arrangement among the grantees. Each grantee will have an equal share of ownership in the property. However, the granter retains a life estate, which means they will have the right to use and occupy the property until their death. This reserved life estate grants the granter exclusive control over the property and the ability to live in it, ensuring their comfort and security for the rest of their life. Different variations of this type of Houston Texas General Warranty Deed may include: 1. Houston Texas General Warranty Deed — One Individual to Four Individuals with reserved Life Estate in Granter and Remainder Interest in Grantee: In this version, the grantees will also receive a remainder interest in the property upon the granter's death. This means that after the granter's passing, the grantees will gain full ownership of the property. 2. Houston Texas General Warranty Deed — One Individual to Four Individuals with reserved Life Estate in Granter and Limited Life Estate for Spouse: This variation might involve the granter reserving a limited life estate for their spouse, allowing them to use and occupy the property until the spouse's death or remarriage. After the spouse's passing or remarriage, the grantees will gain full ownership. These variations provide flexibility in tailoring the deed to the specific needs and circumstances of the granter and grantees. It is important to consult with a legal professional to understand the implications and requirements associated with each type of Houston Texas General Warranty Deed.A Houston Texas General Warranty Deed — One Individual to Four Individuals with reserved Life Estate in Granter is a legal document used to transfer ownership of property from one person (granter) to four individuals (grantees), while also reserving a life estate for the granter. This allows the granter to retain the right to use and live in the property for the duration of their life. The term "Houston Texas" specifies that this deed is applicable within the jurisdiction of Houston, Texas. "General Warranty Deed" indicates that the granter guarantees clear title to the property and will defend it against any claims. This provides the grantees with assurance that the property is free of any encumbrances or defects in title. The deed involves the transfer of ownership rights from one individual (the granter) to four other individuals (the grantees), signifying a joint ownership arrangement among the grantees. Each grantee will have an equal share of ownership in the property. However, the granter retains a life estate, which means they will have the right to use and occupy the property until their death. This reserved life estate grants the granter exclusive control over the property and the ability to live in it, ensuring their comfort and security for the rest of their life. Different variations of this type of Houston Texas General Warranty Deed may include: 1. Houston Texas General Warranty Deed — One Individual to Four Individuals with reserved Life Estate in Granter and Remainder Interest in Grantee: In this version, the grantees will also receive a remainder interest in the property upon the granter's death. This means that after the granter's passing, the grantees will gain full ownership of the property. 2. Houston Texas General Warranty Deed — One Individual to Four Individuals with reserved Life Estate in Granter and Limited Life Estate for Spouse: This variation might involve the granter reserving a limited life estate for their spouse, allowing them to use and occupy the property until the spouse's death or remarriage. After the spouse's passing or remarriage, the grantees will gain full ownership. These variations provide flexibility in tailoring the deed to the specific needs and circumstances of the granter and grantees. It is important to consult with a legal professional to understand the implications and requirements associated with each type of Houston Texas General Warranty Deed.
