This form is a Special Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under grantor, but not otherwise. This deed complies with all state statutory laws.
In Austin, Texas, a Special Warranty Deed — Corporation to Corporation is a legal document used to transfer property ownership between two corporations. This type of deed ensures that the transferring corporation will defend the title of the property against any claims that may arise during its ownership, but only against claims that occurred during the time when the transferring corporation owned the property. The Special Warranty Deed — Corporation to Corporation is commonly used in real estate transactions to provide some level of protection to the receiving corporation. However, unlike a General Warranty Deed, which guarantees the title against all claims, a Special Warranty Deed only protects against claims that may arise during the time of the transferring corporation's ownership. This means that the receiving corporation may not have the same level of protection as they would with a General Warranty Deed. Additionally, a Special Warranty Deed — Corporation to Corporation may contain specific terms or conditions that are agreed upon by both corporations involved in the transfer. These terms can include limitations or special provisions that further define the warranty and scope of protection. It is important to note that there may be different variations of a Special Warranty Deed — Corporation to Corporation, such as: 1. Special Warranty Deed with Limitations: This type of deed may include specific limitations on the warranty provided by the transferring corporation. These limitations can restrict the coverage of the warranty to certain types of claims or certain time periods. 2. Special Warranty Deed with Indemnity: This deed may include an indemnity clause, whereby the transferring corporation agrees to compensate the receiving corporation for any losses or damages incurred due to title defects that arise during the transferring corporation's ownership. 3. Special Warranty Deed with Specific Conditions: This type of deed may contain certain conditions that need to be met for the warranty to be valid. For example, it may require the receiving corporation to fulfill certain obligations or perform certain actions in order to avail the warranty protection. Overall, the Special Warranty Deed — Corporation to Corporation serves as a legal document providing a limited warranty against any claims arising from the transferring corporation's ownership period. It is crucial for both parties involved to understand the specific terms and conditions outlined in the deed to ensure clarity and protection.In Austin, Texas, a Special Warranty Deed — Corporation to Corporation is a legal document used to transfer property ownership between two corporations. This type of deed ensures that the transferring corporation will defend the title of the property against any claims that may arise during its ownership, but only against claims that occurred during the time when the transferring corporation owned the property. The Special Warranty Deed — Corporation to Corporation is commonly used in real estate transactions to provide some level of protection to the receiving corporation. However, unlike a General Warranty Deed, which guarantees the title against all claims, a Special Warranty Deed only protects against claims that may arise during the time of the transferring corporation's ownership. This means that the receiving corporation may not have the same level of protection as they would with a General Warranty Deed. Additionally, a Special Warranty Deed — Corporation to Corporation may contain specific terms or conditions that are agreed upon by both corporations involved in the transfer. These terms can include limitations or special provisions that further define the warranty and scope of protection. It is important to note that there may be different variations of a Special Warranty Deed — Corporation to Corporation, such as: 1. Special Warranty Deed with Limitations: This type of deed may include specific limitations on the warranty provided by the transferring corporation. These limitations can restrict the coverage of the warranty to certain types of claims or certain time periods. 2. Special Warranty Deed with Indemnity: This deed may include an indemnity clause, whereby the transferring corporation agrees to compensate the receiving corporation for any losses or damages incurred due to title defects that arise during the transferring corporation's ownership. 3. Special Warranty Deed with Specific Conditions: This type of deed may contain certain conditions that need to be met for the warranty to be valid. For example, it may require the receiving corporation to fulfill certain obligations or perform certain actions in order to avail the warranty protection. Overall, the Special Warranty Deed — Corporation to Corporation serves as a legal document providing a limited warranty against any claims arising from the transferring corporation's ownership period. It is crucial for both parties involved to understand the specific terms and conditions outlined in the deed to ensure clarity and protection.
