This Warranty Deed from Husband and Wife to Corporation form is a Warranty Deed where the grantors are husband and wife and the grantee is a corporation. Grantors warrant and convey the described property to grantees less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A Houston Texas Warranty Deed from Husband and Wife to Corporation is a legal document that transfers ownership of real property from a married couple to a corporation while providing a guarantee that the property is free from any previous claims, liens, or legal issues. This type of deed is commonly used in situations where a married couple wishes to convey their property to a corporation they own or plan to own in the future. The deed serves as a legally binding contract, indicating the intent of the husband and wife to transfer the property's ownership to the corporation. It typically includes vital information such as the names of the husband and wife (granters), the name of the corporation (grantee), a detailed legal description of the property, and the consideration given (often monetary) for the transfer. There are several variations of the Houston Texas Warranty Deed from Husband and Wife to Corporation, each serving specific purposes and emphasizing different aspects of the transaction. Some common types include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee, as the granters assure that they legally own the property and have the right to sell it. Additionally, the granters guarantee that the property is free from any encumbrances or title defects, even if they arose before they purchased the property. 2. Special Warranty Deed: This deed differs from the general warranty deed by limiting the granter's liability and guaranteeing to the grantee that they have not incurred any title defects, claims, or liens during their period of ownership. However, it does not cover issues that may have existed before the granter's ownership. 3. Quitclaim Deed: Unlike warranty deeds, quitclaim deeds provide no guarantees or warranties. Instead, the granters essentially release any interest or claim they have in the property, transferring it to the corporation without making any promises about the validity of the title. 4. Trustee's Deed: In situations where the property is held in a trust, the trustee may transfer ownership to the corporation using a trustee's deed. This type of deed confirms the trustee's authority to act on behalf of the trust and convey the property to the corporation. It is crucial to consult with a qualified real estate attorney or professional to ensure the appropriate type of deed is selected and accurately drafted to align with the specific requirements and goals of the husband and wife and the corporation involved in the transfer.
