This form is a General Warranty Deed where the Grantor is an individual and the Grantees are four individuals. Grantor conveys and generally warrants the described property to the Grantees. Grantees take the property as tenants in common or joint tenants with the right of survivorship. This deed complies with all state statutory laws.
A Dallas Texas General Warranty Deed — Individual to Four Individuals is a legally binding document that transfers ownership of real property from an individual seller to four individual buyers, providing a guarantee that the property is free from any encumbrances or defects in title. This type of deed ensures that the granter (seller) holds clear and marketable title and assumes responsibility for any future claims against the property. In Dallas, Texas, there are various types of General Warranty Deeds depending on the specific circumstances of the property transfer: 1. Dallas Texas General Warranty Deed — Individual to Four Individuals with Joint Tenancy: This deed establishes joint ownership among the four individuals, where each has an equal share in the property and the right of survivorship. In case of the death of one owner, their share automatically transfers to the remaining co-owners. 2. Dallas Texas General Warranty Deed — Individual to Four Individuals as Tenants in Common: This deed grants undivided interests in the property to the four individuals, allowing them to own unequal shares. Each owner has the right to transfer or sell their portion independently, and there is no right of survivorship. 3. Dallas Texas General Warranty Deed — Individual to Four Individuals as Community Property: This deed applies if the property is acquired during a valid marriage and the four individuals are a married couple or spouses. Typically, this type of ownership grants each spouse an undivided one-half interest in the property. In case of divorce or death, the property may be subject to division or inheritance rules. 4. Dallas Texas General Warranty Deed — Individual to Four Individuals as Tenants by the Entirety: Similar to community property, this deed is specific to married couples. It grants each spouse an undivided interest in the property, with the right of survivorship. This means that if one spouse passes away, the surviving spouse automatically becomes the sole owner. When drafting or reviewing a Dallas Texas General Warranty Deed — Individual to Four Individuals, it is crucial to consult an attorney or a qualified real estate professional to ensure its accuracy and compliance with local laws.A Dallas Texas General Warranty Deed — Individual to Four Individuals is a legally binding document that transfers ownership of real property from an individual seller to four individual buyers, providing a guarantee that the property is free from any encumbrances or defects in title. This type of deed ensures that the granter (seller) holds clear and marketable title and assumes responsibility for any future claims against the property. In Dallas, Texas, there are various types of General Warranty Deeds depending on the specific circumstances of the property transfer: 1. Dallas Texas General Warranty Deed — Individual to Four Individuals with Joint Tenancy: This deed establishes joint ownership among the four individuals, where each has an equal share in the property and the right of survivorship. In case of the death of one owner, their share automatically transfers to the remaining co-owners. 2. Dallas Texas General Warranty Deed — Individual to Four Individuals as Tenants in Common: This deed grants undivided interests in the property to the four individuals, allowing them to own unequal shares. Each owner has the right to transfer or sell their portion independently, and there is no right of survivorship. 3. Dallas Texas General Warranty Deed — Individual to Four Individuals as Community Property: This deed applies if the property is acquired during a valid marriage and the four individuals are a married couple or spouses. Typically, this type of ownership grants each spouse an undivided one-half interest in the property. In case of divorce or death, the property may be subject to division or inheritance rules. 4. Dallas Texas General Warranty Deed — Individual to Four Individuals as Tenants by the Entirety: Similar to community property, this deed is specific to married couples. It grants each spouse an undivided interest in the property, with the right of survivorship. This means that if one spouse passes away, the surviving spouse automatically becomes the sole owner. When drafting or reviewing a Dallas Texas General Warranty Deed — Individual to Four Individuals, it is crucial to consult an attorney or a qualified real estate professional to ensure its accuracy and compliance with local laws.
