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 Pasadena Texas Special Warranty Deed — Corporation to Corporation is a legal document that facilitates the transfer of property ownership from one corporation to another in the city of Pasadena, Texas. This particular type of deed provides a limited warranty or guarantee to the buyer (transferee) that the property being transferred is free from any defects or encumbrances during the period of the ownership held by the seller (transferor) corporation. Corporation to corporation transactions often involve commercial real estate, where one corporation sells a property to another corporation for various purposes such as expansion, investment, or relocation. The Pasadena Texas Special Warranty Deed — Corporation to Corporation serves as a safeguard for the purchasing corporation, ensuring that they receive a property with a clean title and without any undisclosed claims. This type of deed specifies the names of both the selling and purchasing corporations involved in the transaction, along with their respective addresses and legal entities. The deed includes a detailed legal description of the property, including its boundaries, dimensions, and any improvements or structures situated on the property. In addition to outlining the transfer of ownership, the Pasadena Texas Special Warranty Deed — Corporation to Corporation also provides important information regarding warranties, liens, and limitations. It typically includes a section to indemnify the purchasing corporation against any claims arising from defects in the title, construction, or any undisclosed liens or encumbrances that occurred during the seller's period of ownership. It is important to note that there are no specific variations or types of Pasadena Texas Special Warranty Deed — Corporation to Corporation. However, different versions or templates of the deed may be used by corporations to suit their specific needs or comply with state requirements. In conclusion, the Pasadena Texas Special Warranty Deed — Corporation to Corporation is a legal instrument used for transferring property ownership from one corporation to another in Pasadena, Texas. It ensures that the buying corporation receives a property with a limited guarantee against defects and encumbrances during the seller's ownership period.A Pasadena Texas Special Warranty Deed — Corporation to Corporation is a legal document that facilitates the transfer of property ownership from one corporation to another in the city of Pasadena, Texas. This particular type of deed provides a limited warranty or guarantee to the buyer (transferee) that the property being transferred is free from any defects or encumbrances during the period of the ownership held by the seller (transferor) corporation. Corporation to corporation transactions often involve commercial real estate, where one corporation sells a property to another corporation for various purposes such as expansion, investment, or relocation. The Pasadena Texas Special Warranty Deed — Corporation to Corporation serves as a safeguard for the purchasing corporation, ensuring that they receive a property with a clean title and without any undisclosed claims. This type of deed specifies the names of both the selling and purchasing corporations involved in the transaction, along with their respective addresses and legal entities. The deed includes a detailed legal description of the property, including its boundaries, dimensions, and any improvements or structures situated on the property. In addition to outlining the transfer of ownership, the Pasadena Texas Special Warranty Deed — Corporation to Corporation also provides important information regarding warranties, liens, and limitations. It typically includes a section to indemnify the purchasing corporation against any claims arising from defects in the title, construction, or any undisclosed liens or encumbrances that occurred during the seller's period of ownership. It is important to note that there are no specific variations or types of Pasadena Texas Special Warranty Deed — Corporation to Corporation. However, different versions or templates of the deed may be used by corporations to suit their specific needs or comply with state requirements. In conclusion, the Pasadena Texas Special Warranty Deed — Corporation to Corporation is a legal instrument used for transferring property ownership from one corporation to another in Pasadena, Texas. It ensures that the buying corporation receives a property with a limited guarantee against defects and encumbrances during the seller's ownership period.
