This Warranty Deed from two Individuals to Corporation form is a Warranty Deed where the Grantors are two individuals and the Grantee is a corporation. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A warranty deed is a legal document used in real estate transactions that transfers ownership of a property from the current owners, who are two individuals in this case, to a corporation. This document provides a guarantee or warranty to the new owner, in this case, the corporation, that the property is free from any defects in title. The Austin Texas Warranty Deed from two Individuals to Corporation is a specific type of warranty deed used in Austin, Texas. Key elements of this deed include the names and addresses of the individuals who currently own the property, as well as the name and address of the corporation that is acquiring the property. It also includes a clear and concise description of the property being transferred, including its legal description and any relevant parcel numbers. The warranty deed will usually outline the rights and responsibilities of both parties involved in the transaction. It will state that the individuals, as the current owners, warrant that they have the legal authority to transfer ownership of the property to the corporation. It also guarantees that they hold clear title to the property and that there are no outstanding liens, encumbrances, or claims against it, except as specifically stated in the deed. The deed may also include specific provisions related to the type of warranty being provided. Some types of warranty deed commonly used in Austin, Texas include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the new owner, as it includes a full warranty against any title defects, even if they originated before the individuals gained ownership of the property. 2. Special Warranty Deed: This type of warranty deed provides a limited warranty and guarantees that the individuals only warrant against any title defects or claims that arose during their ownership period. It does not cover any potential defects that existed before they acquired the property. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed may also be used in this type of transaction. A quitclaim deed transfers the current owners' interest in the property to the corporation, without making any specific warranties about the title or any potential defects. Overall, the Austin Texas Warranty Deed from two Individuals to Corporation is a legal document that ensures a smooth transfer of property ownership from the individuals to the corporation, providing protection and assurance to the new owner.A warranty deed is a legal document used in real estate transactions that transfers ownership of a property from the current owners, who are two individuals in this case, to a corporation. This document provides a guarantee or warranty to the new owner, in this case, the corporation, that the property is free from any defects in title. The Austin Texas Warranty Deed from two Individuals to Corporation is a specific type of warranty deed used in Austin, Texas. Key elements of this deed include the names and addresses of the individuals who currently own the property, as well as the name and address of the corporation that is acquiring the property. It also includes a clear and concise description of the property being transferred, including its legal description and any relevant parcel numbers. The warranty deed will usually outline the rights and responsibilities of both parties involved in the transaction. It will state that the individuals, as the current owners, warrant that they have the legal authority to transfer ownership of the property to the corporation. It also guarantees that they hold clear title to the property and that there are no outstanding liens, encumbrances, or claims against it, except as specifically stated in the deed. The deed may also include specific provisions related to the type of warranty being provided. Some types of warranty deed commonly used in Austin, Texas include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the new owner, as it includes a full warranty against any title defects, even if they originated before the individuals gained ownership of the property. 2. Special Warranty Deed: This type of warranty deed provides a limited warranty and guarantees that the individuals only warrant against any title defects or claims that arose during their ownership period. It does not cover any potential defects that existed before they acquired the property. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed may also be used in this type of transaction. A quitclaim deed transfers the current owners' interest in the property to the corporation, without making any specific warranties about the title or any potential defects. Overall, the Austin Texas Warranty Deed from two Individuals to Corporation is a legal document that ensures a smooth transfer of property ownership from the individuals to the corporation, providing protection and assurance to the new owner.
