This form is a General Warranty Deed where the Grantors are three 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 general warranty deed is a legal document commonly used in Amarillo, Texas, to transfer real estate ownership from one party to another. This type of deed provides secure protection for the buyer, ensuring that the property is free from any title defects or claims. By granting a warranty, the seller guarantees that they hold clear ownership of the property and have the right to sell it. In Amarillo, Texas, there are generally two types of general warranty deeds: 1. Amarillo Texas General Warranty Deed with Full Covenants: This deed offers the highest level of protection for the buyer. It includes explicit promises from the seller (granter) that they will defend the buyer (grantee) against any future claims to the property. The covenants contained in this type are as follows: covenant of basin (owner's legal right to convey the property), covenant of quiet enjoyment (buyer's right to possess the property without interference), covenant against encumbrances (no undisclosed liens or encumbrances), covenant of warranty (assurance to defend against future claims), and covenant for further assurances (seller will provide additional necessary documents). 2. Amarillo Texas Special Warranty Deed: This deed is typically used when the seller is not willing to provide full protection against claims arising before their ownership. While it offers some protection, it is narrower in scope compared to the full covenants deed. The special warranty deed only guarantees that the seller has not incurred any title defects during their ownership of the property. It is important to note that when obtaining a general warranty deed, it is advisable for the buyer to conduct a thorough title search to ensure no undisclosed encumbrances exist on the property. Additionally, it is recommended to consult with a real estate attorney during the transaction process to ensure a smooth and legally sound transfer of ownership. By understanding the different types of general warranty deeds available in Amarillo, Texas, buyers can make more informed decisions and protect their property investment with confidence.A general warranty deed is a legal document commonly used in Amarillo, Texas, to transfer real estate ownership from one party to another. This type of deed provides secure protection for the buyer, ensuring that the property is free from any title defects or claims. By granting a warranty, the seller guarantees that they hold clear ownership of the property and have the right to sell it. In Amarillo, Texas, there are generally two types of general warranty deeds: 1. Amarillo Texas General Warranty Deed with Full Covenants: This deed offers the highest level of protection for the buyer. It includes explicit promises from the seller (granter) that they will defend the buyer (grantee) against any future claims to the property. The covenants contained in this type are as follows: covenant of basin (owner's legal right to convey the property), covenant of quiet enjoyment (buyer's right to possess the property without interference), covenant against encumbrances (no undisclosed liens or encumbrances), covenant of warranty (assurance to defend against future claims), and covenant for further assurances (seller will provide additional necessary documents). 2. Amarillo Texas Special Warranty Deed: This deed is typically used when the seller is not willing to provide full protection against claims arising before their ownership. While it offers some protection, it is narrower in scope compared to the full covenants deed. The special warranty deed only guarantees that the seller has not incurred any title defects during their ownership of the property. It is important to note that when obtaining a general warranty deed, it is advisable for the buyer to conduct a thorough title search to ensure no undisclosed encumbrances exist on the property. Additionally, it is recommended to consult with a real estate attorney during the transaction process to ensure a smooth and legally sound transfer of ownership. By understanding the different types of general warranty deeds available in Amarillo, Texas, buyers can make more informed decisions and protect their property investment with confidence.
