This form is a General Warranty Deed where the Grantors are four individuals and the Grantee is an individual. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
Arlington, Texas General Warranty Deed from Four Granters to One Grantee is a legally binding document that transfers ownership of real property from multiple individuals, referred to as granters, to a single person or entity known as the grantee. This type of deed provides a guarantee by the granters that they have full legal rights to sell the property and that there are no encumbrances or claims against it, except those explicitly disclosed in the deed. In Arlington, Texas, there are different variations of the General Warranty Deed from Four Granters to One Grantee, designed to meet specific circumstances or requirements. These variations include: 1. Joint Tenancy with Right of Survivorship: This type of deed provides equal ownership shares to all four granters, with the right of survivorship. In the event of the death of one granter, their share automatically transfers to the remaining granters, avoiding the need for probate. 2. Tenancy in Common: This deed allows the granters to specify unequal ownership shares, enabling each granter to hold a distinct portion of the property. Unlike joint tenancy, the right of survivorship does not apply, and upon the death of a granter, their share becomes part of their estate and can be passed on to their heirs. 3. Life Estate Deed: This type of deed grants ownership rights to the grantee for the duration of their life. Once the grantee passes away, ownership reverts to the original granters or passes to another beneficiary specified in the deed. Regardless of the specific type, all Arlington, Texas General Warranty Deeds from Four Granters to One Grantee serve as a legal instrument to transfer property rights, document the transfer of ownership, and protect the grantee against any future claims or liens against the property. It is essential to consult with a qualified attorney or real estate professional to ensure the appropriate type of deed is used and that all legal requirements and obligations are met.Arlington, Texas General Warranty Deed from Four Granters to One Grantee is a legally binding document that transfers ownership of real property from multiple individuals, referred to as granters, to a single person or entity known as the grantee. This type of deed provides a guarantee by the granters that they have full legal rights to sell the property and that there are no encumbrances or claims against it, except those explicitly disclosed in the deed. In Arlington, Texas, there are different variations of the General Warranty Deed from Four Granters to One Grantee, designed to meet specific circumstances or requirements. These variations include: 1. Joint Tenancy with Right of Survivorship: This type of deed provides equal ownership shares to all four granters, with the right of survivorship. In the event of the death of one granter, their share automatically transfers to the remaining granters, avoiding the need for probate. 2. Tenancy in Common: This deed allows the granters to specify unequal ownership shares, enabling each granter to hold a distinct portion of the property. Unlike joint tenancy, the right of survivorship does not apply, and upon the death of a granter, their share becomes part of their estate and can be passed on to their heirs. 3. Life Estate Deed: This type of deed grants ownership rights to the grantee for the duration of their life. Once the grantee passes away, ownership reverts to the original granters or passes to another beneficiary specified in the deed. Regardless of the specific type, all Arlington, Texas General Warranty Deeds from Four Granters to One Grantee serve as a legal instrument to transfer property rights, document the transfer of ownership, and protect the grantee against any future claims or liens against the property. It is essential to consult with a qualified attorney or real estate professional to ensure the appropriate type of deed is used and that all legal requirements and obligations are met.
