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 Travis Texas Warranty Deed from Husband and Wife to Corporation is a legally binding document that transfers ownership of real estate from a married couple to a corporation, ensuring that the property's title is free from any liens or claims. This deed provides a warranty or guarantee that the sellers, as well as any previous owners, have clear and marketable title to the property being conveyed to the corporation. Here are some relevant keywords that may help in understanding the concept: 1. Travis, Texas: Refers to the geographical location where the warranty deed is being executed, specifically in Travis County, Texas. 2. Warranty Deed: A type of deed used to guarantee the seller's ownership and the absence of any claims or liens on a property. 3. Husband and Wife: Denotes that the granters or sellers of the property are a married couple who jointly own the real estate. 4. Corporation: The entity that will become the new owner of the property, typically a legal entity formed for business purposes. 5. Property Transfer: The act of transferring ownership rights from the husband and wife to the corporation. 6. Marketable Title: The guarantee that the property is free from any defects, encumbrances, or other claims. There aren't specific types of Travis Texas Warranty Deed from Husband and Wife to Corporation, as the concept remains consistent. However, different variations may include additional clauses or provisions specific to each transaction, such as: 1. Special Warranty Deed: This type of warranty deed guarantees that the granter has not caused any title defects during their ownership, but doesn't cover any issues prior to their ownership. 2. General Warranty Deed: This deed provides the most comprehensive guarantee as it ensures the granter's full liability for any title defects, including those arising from previous owners. 3. Quitclaim Deed: Though not directly related to this topic, it's worth mentioning that a quitclaim deed may sometimes be used instead of a warranty deed. Unlike a warranty deed, a quitclaim deed makes no warranties or guarantees regarding the property's title, rights, or ownership. Remember, it's crucial to consult with a real estate attorney or legal professional when dealing with the specific details and requirements of a Travis Texas Warranty Deed from Husband and Wife to Corporation, as laws and regulations may vary.
