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.
A Collin Texas General Warranty Deed from Four Granters to One Grantee is a legal document used in real estate transactions to transfer ownership of a property from multiple sellers, known as granters, to a single buyer, referred to as the grantee. This type of deed guarantees that the granters have the legal right to sell the property and provides certain warranties and assurances to protect the buyer. In Collin County, Texas, there are two main variations of this type of deed: Individual Collin Texas General Warranty Deed from Four Granters to One Grantee and Entity Collin Texas General Warranty Deed from Four Granters to One Grantee. 1. Individual Collin Texas General Warranty Deed from Four Granters to One Grantee: In this scenario, four individual owners or granters collectively transfer their ownership rights to a single buyer. Each granter is responsible for providing warranties and assurances against any potential claims or encumbrances on the property. This type of deed ensures that each granter has the legal authority to sell their portion of the property and guarantees the buyer's ownership rights. 2. Entity Collin Texas General Warranty Deed from Four Granters to One Grantee: Here, four granters who jointly own the property as an entity, such as a partnership or corporation, transfer their ownership interests to a single buyer. Similar to the individual deed, every granter is obligated to provide warranties and assurances regarding the property's title. The entity deed ensures that the buyer acquires full ownership rights and protects them from any undisclosed claims or encumbrances. Regardless of the type, a Collin Texas General Warranty Deed from Four Granters to One Grantee includes various essential elements. These include the legal description of the property, the names and addresses of the granters and grantee, the consideration or purchase price, any encumbrances or liens on the property, and the signatures of all parties involved. Additionally, the deed may contain specific covenants and warranties made by the granters, promising that they have valid ownership and authority to sell without any undisclosed issues.
