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 San Angelo Texas Warranty Deed from two Individuals to Corporation is a legal document that signifies the transfer of ownership of a property from two individuals to a corporation based in San Angelo, Texas. This type of deed is typically used when the individuals wish to convey their interest in the property to a corporate entity. This warranty deed ensures that the individuals, known as granters, legally transfer their ownership rights without any claims or encumbrances, thereby guaranteeing the corporation, referred to as the grantee, full and unchallenged ownership of the property. Some key elements included in a San Angelo Texas Warranty Deed from two Individuals to Corporation are: 1. Parties Involved: The names and addresses of the granters (individuals) and the grantee (corporation) are mentioned clearly in the deed. 2. Property Description: The deed provides a detailed legal description of the property being conveyed, including its boundaries, address, and any associated land or structures. 3. Granting Clause: This section explicitly states that the granters are conveying their interest in the property to the corporation. 4. Consideration: The amount or value exchanged between the granters and the corporation is usually mentioned in this section. 5. Covenants: A warranty deed typically includes various covenants, which are legally binding promises made by the granters. These covenants usually include: a. Covenant of Basin: The granters guarantee that they legally own the property and have the right to convey it. b. Covenant of Right to Convey: The granters warrant that they have the authority to transfer the property. c. Covenant Against Encumbrances: The granters assure that no liens or claims exist against the property, except as mentioned in the deed. d. Covenant of Quiet Enjoyment: The granters promise that the grantee will not face any legal claims or disturbances from third parties regarding the property's ownership. e. Covenant of Warranty: The granters guarantee to defend the grantee's claim to the property against any future claims by others. Different types of warranty deeds that fall under the San Angelo Texas jurisdiction include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee. The granter guarantees title to the property against any potential claims, even if they arose before the granter acquired the property. 2. Special Warranty Deed: Under this type of deed, the granter guarantees title only against claims that may have arisen during their ownership of the property. It excludes any claims or issues that may have existed before their ownership. 3. Limited Warranty Deed: This deed provides limited assurances to the grantee. The granter guarantees title against their own actions or claims, but not against any actions or claims that may arise from previous owners. In conclusion, a San Angelo Texas Warranty Deed from two Individuals to Corporation is a legally binding document that ensures the transfer of property ownership from individuals to a corporate entity. It encompasses various covenants and provides different levels of protection to the grantee, depending on the type of warranty deed chosen.A San Angelo Texas Warranty Deed from two Individuals to Corporation is a legal document that signifies the transfer of ownership of a property from two individuals to a corporation based in San Angelo, Texas. This type of deed is typically used when the individuals wish to convey their interest in the property to a corporate entity. This warranty deed ensures that the individuals, known as granters, legally transfer their ownership rights without any claims or encumbrances, thereby guaranteeing the corporation, referred to as the grantee, full and unchallenged ownership of the property. Some key elements included in a San Angelo Texas Warranty Deed from two Individuals to Corporation are: 1. Parties Involved: The names and addresses of the granters (individuals) and the grantee (corporation) are mentioned clearly in the deed. 2. Property Description: The deed provides a detailed legal description of the property being conveyed, including its boundaries, address, and any associated land or structures. 3. Granting Clause: This section explicitly states that the granters are conveying their interest in the property to the corporation. 4. Consideration: The amount or value exchanged between the granters and the corporation is usually mentioned in this section. 5. Covenants: A warranty deed typically includes various covenants, which are legally binding promises made by the granters. These covenants usually include: a. Covenant of Basin: The granters guarantee that they legally own the property and have the right to convey it. b. Covenant of Right to Convey: The granters warrant that they have the authority to transfer the property. c. Covenant Against Encumbrances: The granters assure that no liens or claims exist against the property, except as mentioned in the deed. d. Covenant of Quiet Enjoyment: The granters promise that the grantee will not face any legal claims or disturbances from third parties regarding the property's ownership. e. Covenant of Warranty: The granters guarantee to defend the grantee's claim to the property against any future claims by others. Different types of warranty deeds that fall under the San Angelo Texas jurisdiction include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee. The granter guarantees title to the property against any potential claims, even if they arose before the granter acquired the property. 2. Special Warranty Deed: Under this type of deed, the granter guarantees title only against claims that may have arisen during their ownership of the property. It excludes any claims or issues that may have existed before their ownership. 3. Limited Warranty Deed: This deed provides limited assurances to the grantee. The granter guarantees title against their own actions or claims, but not against any actions or claims that may arise from previous owners. In conclusion, a San Angelo Texas Warranty Deed from two Individuals to Corporation is a legally binding document that ensures the transfer of property ownership from individuals to a corporate entity. It encompasses various covenants and provides different levels of protection to the grantee, depending on the type of warranty deed chosen.
