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 Carrollton Texas Warranty Deed from two individuals to a corporation is a legal document that transfers ownership of a property from two individuals to a corporation, ensuring that the corporation has a clear and marketable title to the property. This type of deed provides a warranty, or guarantee, from the granters (the two individuals) to the grantee (the corporation), promising that they are the lawful owners of the property and have the authority to transfer it. The Carrollton Texas Warranty Deed from two Individuals to Corporation is an important legal instrument used in real estate transactions. It protects the corporation from any potential claims or disputes regarding the ownership or title of the property. The transfer of the property is legally binding and ensures that the corporation becomes the sole owner of the property. There are different types of Carrollton Texas Warranty Deeds from two Individuals to Corporation based on the specific situation and requirements of the parties involved. These include: 1. General Warranty Deed: This type of deed provides the broadest protection to the grantee by warranting that the granters (the individuals) own the property free and clear, and there are no undisclosed encumbrances or defects in the title. 2. Special Warranty Deed: This deed warrants that the granters (the individuals) have not caused any defects in the title during their ownership, but it does not cover previous issues or encumbrances that may have existed before their ownership. 3. Quitclaim Deed: While not a warranty deed, it is worth mentioning as an alternative. A quitclaim deed transfers ownership without providing any warranties or guarantees. It simply conveys the granters' interest in the property, if any. This type of deed does not offer the same level of protection as a warranty deed. It is important for both parties involved in the transaction, the individuals transferring the property and the corporation acquiring it, to understand the specific provisions and implications of the chosen type of Carrollton Texas Warranty Deed. Consulting with a real estate attorney is highly recommended ensuring a smooth and legally sound transfer of ownership.
