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.
Collin Texas Special Warranty Deed — Corporation to Corporation is a legal document used in real estate transactions within Collin County, Texas, when a corporation is transferring property rights to another corporation. This deed ensures that the corporation granting the property has the legal authority to do so and offers certain warranties to the grantee. In this type of deed, the granting corporation guarantees that it holds title to the property and has the legal right to convey it to the receiving corporation. However, unlike a general warranty deed, a special warranty deed only provides limited warranties related to the time the granter corporation owned the property. It protects the grantee from any defects or claims that may have arisen during the granter corporation's ownership. A Collin Texas Special Warranty Deed — Corporation to Corporation may include the following key elements: 1. Granter Corporation: The legal entity that owns the property and is transferring it to another corporation. 2. Grantee Corporation: The corporation that is receiving the property from the granter corporation. 3. Property Description: A detailed and accurate description of the property being transferred, including its legal description, boundaries, and any improvements on the land. 4. Consideration: The value or consideration provided by the grantee corporation to the granter corporation in exchange for the property. 5. Limited Warranties: The granter corporation warrants that it holds title to the property and will defend the title against any claims arising during its ownership. 6. Exceptions and Reservations: Any restrictions, encumbrances, or rights that the granter corporation wants to exclude from the transfer may be listed under this section. 7. Signatures: The deed must be signed by authorized representatives of both the granter and grantee corporations, followed by notarization. It's important to note that there may be variations of the Collin Texas Special Warranty Deed — Corporation to Corporation, such as a Collin Texas General Warranty Deed — Corporation to Corporation or a Collin Texas Quitclaim Deed — Corporation to Corporation. Each type of deed carries different levels of warranties and protections for the grantee corporation. Therefore, it is recommended to consult with a qualified attorney or a real estate professional familiar with Collin County laws for guidance on selecting the appropriate type of deed for a specific transaction.
