This form is a General Warranty Deed where the Grantors are two individuals and the Grantees are an individual and a limited liability company. Grantors convey and generally warrant the described property to the Grantees as tenants in common. This deed complies with all state statutory laws.
Keywords: McKinney Texas, General Warranty Deed, Two Individuals, Individual, LLC Description: A McKinney Texas General Warranty Deed — Two Individuals to an IndividuaAlanaan an LLC is a legal document used to transfer ownership of a property from two individuals to both an individual and a Limited Liability Company (LLC). This type of deed provides a guarantee that the property is free from any title defects or claims, and the sellers have the legal right to transfer the property. There are different variations of the McKinney Texas General Warranty Deed — Two Individuals to an IndividuaAlanaan an LLC, which include: 1. Joint Tenancy with Right of Survivorship: In this type of deed, two individuals jointly own the property, and upon the death of one owner, the other owner automatically becomes the sole owner of the property. This type of ownership is common among married couples or close family members. 2. Tenants in Common: With this type of deed, two individuals each have a separate, undivided ownership interest in the property. Unlike joint tenancy, if one owner passes away, their ownership interest can be transferred to their heirs or sold. The general process of creating a McKinney Texas General Warranty Deed — Two Individuals to an IndividuaAlanaan an LLC involves the following steps: 1. Research: The two individuals (sellers) must ensure they have clear ownership of the property and have the legal right to sell it. They should also confirm any conditions or restrictions associated with the property. 2. Drafting the Deed: It is recommended to seek professional assistance from a real estate attorney to draft the General Warranty Deed. The deed should include the legal description of the property, the names of the granters (sellers) and grantees (buyers), and a clear statement of the transfer of ownership. 3. Execution: Both the granters and the grantees must sign the deed in the presence of a notary public. The notary public will then acknowledge their signatures. 4. Filing: The executed deed should be filed at the appropriate county clerk's office in McKinney, Texas. The filing fee may vary depending on the county. It's crucial for both the individuals and the LLC to seek legal advice, review the deed thoroughly, and understand the rights and responsibilities associated with the property transfer. Consulting a real estate attorney ensures a smooth and legally binding transaction. Please note that this is a general description of a McKinney Texas General Warranty Deed — Two Individuals to an IndividuaAlanaan an LLC, and it is advisable to consult a legal professional for specific guidance and advice related to your situation.
