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 Wichita Falls Texas Special Warranty Deed — Corporation to Corporation is a legally binding document that allows the transfer of real estate property from one corporation to another corporation, situated in the city of Wichita Falls, Texas. This type of deed signifies ownership transfer with certain guarantees or warranties. The Special Warranty Deed provides assurance to the buyer (corporation) that the property title is free from any encumbrances or defects that may have occurred during the ownership of the transferring corporation. However, it may not offer as extensive protection as a General Warranty Deed, which guarantees against defects or claims that arose before the transferring corporation acquired the property. It is important to note that there may be different variations or classifications of the Wichita Falls Texas Special Warranty Deed — Corporation to Corporation, depending on specific circumstances. Some common types of Special Warranty Deeds related to corporation transfers in Wichita Falls, Texas, include: 1. General Special Warranty Deed: This type of deed ensures that the transferring corporation holds the title to the property and has the right to transfer it. However, it does not provide guarantees against any defects that existed before the transferring corporation owned the property. 2. Special Warranty Deed with Limitations: This variation of the Special Warranty Deed may have certain limitations or exclusions specified within its language. These limitations could restrict liability for certain types of claims or defects, potentially altering the scope of protection provided by the deed. 3. Special Warranty Deed for Specific Use: In some cases, a corporation may transfer a property for a specific purpose, such as for commercial or industrial use. This type of Special Warranty Deed may include additional clauses or provisions relevant to the intended use of the property, ensuring that the buyer can utilize it as intended. 4. Special Warranty Deed with Indemnification: This variation of the Special Warranty Deed may incorporate provisions for indemnification, where the transferring corporation agrees to compensate the buyer for any losses or damages resulting from defects in the title. When engaging in a Corporation to Corporation property transfer in Wichita Falls, Texas, it is advisable to consult with a legal professional specializing in real estate law to ensure compliance with local regulations and to draft a Special Warranty Deed tailored to the specific needs and intentions of both corporations involved.A Wichita Falls Texas Special Warranty Deed — Corporation to Corporation is a legally binding document that allows the transfer of real estate property from one corporation to another corporation, situated in the city of Wichita Falls, Texas. This type of deed signifies ownership transfer with certain guarantees or warranties. The Special Warranty Deed provides assurance to the buyer (corporation) that the property title is free from any encumbrances or defects that may have occurred during the ownership of the transferring corporation. However, it may not offer as extensive protection as a General Warranty Deed, which guarantees against defects or claims that arose before the transferring corporation acquired the property. It is important to note that there may be different variations or classifications of the Wichita Falls Texas Special Warranty Deed — Corporation to Corporation, depending on specific circumstances. Some common types of Special Warranty Deeds related to corporation transfers in Wichita Falls, Texas, include: 1. General Special Warranty Deed: This type of deed ensures that the transferring corporation holds the title to the property and has the right to transfer it. However, it does not provide guarantees against any defects that existed before the transferring corporation owned the property. 2. Special Warranty Deed with Limitations: This variation of the Special Warranty Deed may have certain limitations or exclusions specified within its language. These limitations could restrict liability for certain types of claims or defects, potentially altering the scope of protection provided by the deed. 3. Special Warranty Deed for Specific Use: In some cases, a corporation may transfer a property for a specific purpose, such as for commercial or industrial use. This type of Special Warranty Deed may include additional clauses or provisions relevant to the intended use of the property, ensuring that the buyer can utilize it as intended. 4. Special Warranty Deed with Indemnification: This variation of the Special Warranty Deed may incorporate provisions for indemnification, where the transferring corporation agrees to compensate the buyer for any losses or damages resulting from defects in the title. When engaging in a Corporation to Corporation property transfer in Wichita Falls, Texas, it is advisable to consult with a legal professional specializing in real estate law to ensure compliance with local regulations and to draft a Special Warranty Deed tailored to the specific needs and intentions of both corporations involved.
