This form is a Special Warranty Deed where the Grantor is an individual and the Grantees are husband and wife. Grantor conveys and specially warrants the described property to the Grantees. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
Description: An Odessa Texas Special Warranty Deed — Individual to Husband and Wife is a legal document used to transfer property ownership from an individual seller (granter) to a married couple (grantees) with certain warranties and guarantees. This type of deed is specifically designed to protect the interests of the married couple by providing limited warranties against any potential defects in the property's title during the seller's ownership period. It ensures that the granter will fix any issues related to the title, if any arise, during their ownership tenure, but it doesn't provide the same level of protection as a general warranty deed. The Odessa Texas Special Warranty Deed — Individual to Husband and Wife includes the following key information: 1. Parties involved: The granter, who is the individual seller, and the grantees, who are the husband and wife purchasing the property together. 2. Property description: It includes a detailed description of the property being transferred, such as its address, legal description, and any additional details required to identify the specific property. 3. Special Warranty: The deed specifies that the seller warrants against any title defects or claims that might have occurred during the granter's ownership period. However, it does not cover any claims or defects that may have existed prior to their ownership. 4. Consideration: The deed includes the amount paid by the husband and wife to the individual seller, also known as the purchase price or consideration, for the transfer of the property's ownership rights. 5. Execution: The document must be properly executed, signed, and notarized by both parties involved to make it legally binding and enforceable. The different types or variations of Odessa Texas Special Warranty Deed — Individual to Husband and Wife may include additional clauses, stipulations, or conditions as per the specific requirements of the involved parties. Some possible variations may include: 1. Special Warranty Deed with Survivorship Rights: This type of deed ensures that if one spouse passes away, the other spouse automatically becomes the sole owner of the property by right of survivorship, without the necessity of probate proceedings. 2. Special Warranty Deed with Parallel Tenancy: This variation establishes the ownership as a Joint Tenancy with Right of Survivorship, where both spouses own an equal share of the property, and if one spouse passes away, their share automatically transfers to the surviving spouse. 3. Special Warranty Deed with Tenants in Common: In this case, the property is owned by the couple as Tenants in Common, allowing each spouse to have a distinct and separate percentage of ownership. If one spouse passes away, their share does not automatically transfer to the surviving spouse, but can be disposed of as per their will or applicable laws of inheritance. These different variations provide flexibility and options for couples to choose the type of ownership that best suits their circumstances and estate planning goals.Description: An Odessa Texas Special Warranty Deed — Individual to Husband and Wife is a legal document used to transfer property ownership from an individual seller (granter) to a married couple (grantees) with certain warranties and guarantees. This type of deed is specifically designed to protect the interests of the married couple by providing limited warranties against any potential defects in the property's title during the seller's ownership period. It ensures that the granter will fix any issues related to the title, if any arise, during their ownership tenure, but it doesn't provide the same level of protection as a general warranty deed. The Odessa Texas Special Warranty Deed — Individual to Husband and Wife includes the following key information: 1. Parties involved: The granter, who is the individual seller, and the grantees, who are the husband and wife purchasing the property together. 2. Property description: It includes a detailed description of the property being transferred, such as its address, legal description, and any additional details required to identify the specific property. 3. Special Warranty: The deed specifies that the seller warrants against any title defects or claims that might have occurred during the granter's ownership period. However, it does not cover any claims or defects that may have existed prior to their ownership. 4. Consideration: The deed includes the amount paid by the husband and wife to the individual seller, also known as the purchase price or consideration, for the transfer of the property's ownership rights. 5. Execution: The document must be properly executed, signed, and notarized by both parties involved to make it legally binding and enforceable. The different types or variations of Odessa Texas Special Warranty Deed — Individual to Husband and Wife may include additional clauses, stipulations, or conditions as per the specific requirements of the involved parties. Some possible variations may include: 1. Special Warranty Deed with Survivorship Rights: This type of deed ensures that if one spouse passes away, the other spouse automatically becomes the sole owner of the property by right of survivorship, without the necessity of probate proceedings. 2. Special Warranty Deed with Parallel Tenancy: This variation establishes the ownership as a Joint Tenancy with Right of Survivorship, where both spouses own an equal share of the property, and if one spouse passes away, their share automatically transfers to the surviving spouse. 3. Special Warranty Deed with Tenants in Common: In this case, the property is owned by the couple as Tenants in Common, allowing each spouse to have a distinct and separate percentage of ownership. If one spouse passes away, their share does not automatically transfer to the surviving spouse, but can be disposed of as per their will or applicable laws of inheritance. These different variations provide flexibility and options for couples to choose the type of ownership that best suits their circumstances and estate planning goals.
