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 Carrollton Texas General Warranty Deed is a legal document that is commonly used in real estate transactions to transfer ownership of a property from one party to another. This type of deed provides the buyer (grantee) with the greatest level of protection and assurance regarding the property's title. A general warranty deed in Carrollton, Texas, assures the grantee that the property being transferred is free from any encumbrances or claims, except for those specifically stated in the deed. It guarantees that the granter (seller) has legal right to sell the property and that they will defend the grantee against any future claims to ownership. This type of deed includes several important elements, such as: 1. Granter and Grantee Information: The names and addresses of the parties involved in the transaction are clearly stated. 2. Property Description: A detailed description of the property being transferred is included, including its boundaries, address, and any other relevant information. 3. Title Covenants: The deed includes specific covenants or promises made by the granter to the grantee. These covenants typically consist of five main warranties: a. Covenant of Basin: The granter guarantees that they own the property and have the legal right to sell it. b. Covenant of Right to Convey: The granter assures that they have the authority to transfer the property's title to the grantee. c. Covenant of Quiet Enjoyment: The granter promises that the grantee will not be disturbed in their possession or use of the property due to any legal claims or encumbrances that might arise before the granter's ownership. d. Covenant Against Encumbrances: The granter guarantees that the property is free from any liens or encumbrances, except those mentioned in the deed. e. Covenant of Further Assurance: The granter pledges to take any necessary actions to perfect the grantee's title if any defects in the deed or title arise. Different types of general warranty deeds that might exist in Carrollton, Texas, include: 1. Individual General Warranty Deed: This is the most common type of general warranty deed used in residential real estate transactions between individual sellers and buyers. 2. Corporation General Warranty Deed: This deed is used when a corporation or business entity is selling or purchasing a property in Carrollton, Texas. 3. Trust General Warranty Deed: Trusts are sometimes used in real estate transactions for estate planning purposes. A trust general warranty deed is employed when a trust acts as the granter or grantee in the transaction. In conclusion, a Carrollton Texas General Warranty Deed is a legally binding document that ensures a buyer receives the maximum protection and assurance when purchasing a property. It guarantees that the granter has the legal right to sell the property and will defend the grantee against any future claims to the title. Different variations of general warranty deeds exist, depending on the nature of the parties involved in the transaction.
