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 when two individuals transfer ownership of a property to a corporation in Dallas, Texas. This document provides a guarantee that the sellers have full ownership rights and the authority to transfer the property to the corporation, free from any liens or encumbrances. In Dallas, Texas, there are two types of Warranty Deeds that can be used when transferring property from two individuals to a corporation: 1. General Warranty Deed: This type of deed offers the highest level of protection for the corporation acquiring the property. It ensures that the sellers guarantee the title against any defects, both prior to and during their ownership. The sellers are legally obligated to defend the corporation against any claims that may arise regarding the property's ownership. 2. Special Warranty Deed: Unlike a General Warranty Deed, a Special Warranty Deed only guarantees that the sellers have not created any defects in the title during their period of ownership. This means that the sellers will defend the corporation against any claims resulting from their actions, but not against claims arising prior to their ownership. When preparing a Dallas Texas Warranty Deed from two individuals to a corporation, it is crucial to include all relevant information such as the names and addresses of the sellers and the corporation, a detailed property description, the purchase price or consideration, the date of transfer, and any additional terms or conditions agreed upon by both parties. The use of specific keywords can also help optimize the relevance of the content to the topic. Some relevant keywords for a detailed description of Dallas Texas Warranty Deed from two individuals to a corporation can include: Dallas Texas, Warranty Deed, individuals, corporation, property transfer, real estate, ownership rights, liens, encumbrances, General Warranty Deed, Special Warranty Deed, legal document, property description, purchase price, and terms and conditions.
