This form is a General Warranty Deed where the Grantors are eight individuals and the Grantees are two individuals. Grantors convey and generally warrant the described property to the Grantee. The Grantees, if they are not husband and wife, take the property as tenants in common or joint tenants with the right of survivorship. If the Grantees are husband and wife, they can take the property as tenants in common, joint tenants with the right of survivorship, community property or community property with the right of survivorship. This deed complies with all state statutory laws.
A Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees is a legal document that transfers the ownership of a property from eight individual sellers, known as granters, to two individual buyers, known as grantees. This type of deed provides a guarantee that the property is free from any encumbrances, liens, or claims, allowing the grantees to have clear and marketable title to the property. The deed includes detailed information about the property, such as its legal description, address, and parcel identification number. It also specifies the rights and responsibilities of the granters and grantees, including any restrictions or easements affecting the property. Some key features of the Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees are: 1. Clear Title: The granters assure that they are the true owners of the property and have the legal authority to sell it to the grantees. They warrant that the property is free of any undisclosed claims, defects, or liens that could impact the grantees' ownership rights. 2. Transfer of Ownership: The deed facilitates the transfer of ownership rights from the granters to the grantees. It legally establishes the grantees as the new owners of the property, providing them with legal protection and authority over the property. 3. Rights and Restrictions: The deed may outline any rights and restrictions associated with the property, such as easements, covenants, or homeowner association regulations. These details ensure that the grantees are aware of any limitations or obligations imposed on the property. 4. Consideration: The deed typically includes the amount of consideration (payment) exchanged between the granters and grantees for the property. This serves as proof of the transaction and may have tax implications for both parties. It is important to note that while the basic structure of the Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees remains consistent, there may be various subtypes depending on specific factors involved in the transaction. These could include variations based on the nature of the property (residential, commercial, agricultural), the presence of any encumbrances or liens, or additional terms negotiated by the parties involved. Collin County, Texas, has specific requirements and recording procedures for deeds. It is crucial for both the granters and grantees to consult with a qualified real estate attorney or title company to ensure the proper preparation, execution, and recording of the Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees.A Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees is a legal document that transfers the ownership of a property from eight individual sellers, known as granters, to two individual buyers, known as grantees. This type of deed provides a guarantee that the property is free from any encumbrances, liens, or claims, allowing the grantees to have clear and marketable title to the property. The deed includes detailed information about the property, such as its legal description, address, and parcel identification number. It also specifies the rights and responsibilities of the granters and grantees, including any restrictions or easements affecting the property. Some key features of the Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees are: 1. Clear Title: The granters assure that they are the true owners of the property and have the legal authority to sell it to the grantees. They warrant that the property is free of any undisclosed claims, defects, or liens that could impact the grantees' ownership rights. 2. Transfer of Ownership: The deed facilitates the transfer of ownership rights from the granters to the grantees. It legally establishes the grantees as the new owners of the property, providing them with legal protection and authority over the property. 3. Rights and Restrictions: The deed may outline any rights and restrictions associated with the property, such as easements, covenants, or homeowner association regulations. These details ensure that the grantees are aware of any limitations or obligations imposed on the property. 4. Consideration: The deed typically includes the amount of consideration (payment) exchanged between the granters and grantees for the property. This serves as proof of the transaction and may have tax implications for both parties. It is important to note that while the basic structure of the Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees remains consistent, there may be various subtypes depending on specific factors involved in the transaction. These could include variations based on the nature of the property (residential, commercial, agricultural), the presence of any encumbrances or liens, or additional terms negotiated by the parties involved. Collin County, Texas, has specific requirements and recording procedures for deeds. It is crucial for both the granters and grantees to consult with a qualified real estate attorney or title company to ensure the proper preparation, execution, and recording of the Collin Texas General Warranty Deed — Eight IndividuaGrantersrs to Two Individual Grantees.
