This form is a General Warranty Deed where the Grantor is an individual and the Grantees are two individuals. Grantors convey and generally warrant the described property to the Grantees with Grantor retaining a life estate. This deed complies with all state statutory laws.
A general warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party (granter) to another party (grantee). In the context of San Angelo, Texas, a general warranty deed can also include the provision of a reserved life estate in the granter's favor. This means that the granter retains the right to live on and use the property until their death or until they choose to relinquish the life estate. The San Angelo Texas General Warranty Deed from an Individual to Two Individuals with a Reserved Life Estate in Granter can be further categorized into two common types: 1. San Angelo Texas General Warranty Deed with Joint Tenancy: This type of deed is used when the two individuals receiving the property rights (grantees) wish to have equal ownership interests with the right of survivorship. In other words, if one of the grantees passes away, their ownership share automatically transfers to the surviving grantee(s) without going through probate. 2. San Angelo Texas General Warranty Deed with Tenancy in Common: This variation of the deed allows the two individuals (grantees) to own distinct percentages or interests in the property. Unlike joint tenancy, there is no right of survivorship. If one grantee passes away, their ownership interest is inherited or transferred according to their will or applicable laws of intestacy. In both types, the general warranty deed provides certain assurances to the grantees. The granter guarantees that they have proper legal authority to transfer the property, that the property is free from any encumbrances (unless stated in the deed), and that they will defend the grantees against any future title disputes or claims. This warranty typically extends to all prior owners of the property, ensuring clear title history. Keywords: general warranty deed, San Angelo Texas, individual, reserved life estate, granter, joint tenancy, tenancy in common, property ownership, right of survivorship, equal ownership interests, legal authority, free from encumbrances, defend against claims, clear title history.A general warranty deed is a legal document used in real estate transactions to transfer ownership of a property from one party (granter) to another party (grantee). In the context of San Angelo, Texas, a general warranty deed can also include the provision of a reserved life estate in the granter's favor. This means that the granter retains the right to live on and use the property until their death or until they choose to relinquish the life estate. The San Angelo Texas General Warranty Deed from an Individual to Two Individuals with a Reserved Life Estate in Granter can be further categorized into two common types: 1. San Angelo Texas General Warranty Deed with Joint Tenancy: This type of deed is used when the two individuals receiving the property rights (grantees) wish to have equal ownership interests with the right of survivorship. In other words, if one of the grantees passes away, their ownership share automatically transfers to the surviving grantee(s) without going through probate. 2. San Angelo Texas General Warranty Deed with Tenancy in Common: This variation of the deed allows the two individuals (grantees) to own distinct percentages or interests in the property. Unlike joint tenancy, there is no right of survivorship. If one grantee passes away, their ownership interest is inherited or transferred according to their will or applicable laws of intestacy. In both types, the general warranty deed provides certain assurances to the grantees. The granter guarantees that they have proper legal authority to transfer the property, that the property is free from any encumbrances (unless stated in the deed), and that they will defend the grantees against any future title disputes or claims. This warranty typically extends to all prior owners of the property, ensuring clear title history. Keywords: general warranty deed, San Angelo Texas, individual, reserved life estate, granter, joint tenancy, tenancy in common, property ownership, right of survivorship, equal ownership interests, legal authority, free from encumbrances, defend against claims, clear title history.
