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.
A McKinney Texas Special Warranty Deed — Corporation to Corporation is a legal document executed by a corporation in McKinney, Texas, to transfer ownership rights of a property to another corporation. This type of deed provides limited warranty protection to the grantee, ensuring that the transferor makes no claims against the property during its ownership. Unlike a General Warranty Deed that provides full protection against any prior claims or encumbrances, a Special Warranty Deed guarantees that the granter will defend the title only against claims arising during their ownership period. It states that the property has not been encumbered or adversely affected by any actions of the granter, or any claims or liens under their control, except as mentioned within the deed itself. There may be several variations or specific types of McKinney Texas Special Warranty Deed — Corporation to Corporation, depending on the circumstances of the property transfer. Some potential distinctions include: 1. Special Warranty Deed with Exceptions: This type of deed lists specific exceptions or encumbrances that are present on the property, such as mortgages, liens, or easements. These exceptions are detailed within the deed, ensuring that the grantee is aware of any limitations or encumbrances on the property. 2. Special Warranty Deed in Lieu of Foreclosure: This deed may be used when a corporation acquires a property through the foreclosure process or to avoid foreclosure. It offers protection to the grantee against any claims arising from the granter's actions or obligations prior to the foreclosure. 3. Special Warranty Deed for Commercial Property: This type of deed is specifically designed for transferring ownership of commercial real estate properties between corporations in McKinney, Texas. It ensures limited warranty protection to the grantee, safeguarding against any claims from the corporate transferor. Regardless of the specific type, a McKinney Texas Special Warranty Deed — Corporation to Corporation is an essential legal document providing a measure of protection to the grantee when acquiring property from a corporation. It is crucial for both parties involved to thoroughly review and understand the terms and conditions stated within the deed before its execution. Consulting with a qualified attorney or real estate professional is highly recommended navigating the intricacies of this legal transaction and ensure compliance with related laws and regulations.A McKinney Texas Special Warranty Deed — Corporation to Corporation is a legal document executed by a corporation in McKinney, Texas, to transfer ownership rights of a property to another corporation. This type of deed provides limited warranty protection to the grantee, ensuring that the transferor makes no claims against the property during its ownership. Unlike a General Warranty Deed that provides full protection against any prior claims or encumbrances, a Special Warranty Deed guarantees that the granter will defend the title only against claims arising during their ownership period. It states that the property has not been encumbered or adversely affected by any actions of the granter, or any claims or liens under their control, except as mentioned within the deed itself. There may be several variations or specific types of McKinney Texas Special Warranty Deed — Corporation to Corporation, depending on the circumstances of the property transfer. Some potential distinctions include: 1. Special Warranty Deed with Exceptions: This type of deed lists specific exceptions or encumbrances that are present on the property, such as mortgages, liens, or easements. These exceptions are detailed within the deed, ensuring that the grantee is aware of any limitations or encumbrances on the property. 2. Special Warranty Deed in Lieu of Foreclosure: This deed may be used when a corporation acquires a property through the foreclosure process or to avoid foreclosure. It offers protection to the grantee against any claims arising from the granter's actions or obligations prior to the foreclosure. 3. Special Warranty Deed for Commercial Property: This type of deed is specifically designed for transferring ownership of commercial real estate properties between corporations in McKinney, Texas. It ensures limited warranty protection to the grantee, safeguarding against any claims from the corporate transferor. Regardless of the specific type, a McKinney Texas Special Warranty Deed — Corporation to Corporation is an essential legal document providing a measure of protection to the grantee when acquiring property from a corporation. It is crucial for both parties involved to thoroughly review and understand the terms and conditions stated within the deed before its execution. Consulting with a qualified attorney or real estate professional is highly recommended navigating the intricacies of this legal transaction and ensure compliance with related laws and regulations.
