This form is a General Warranty Deed where the Grantor is a corporation and the Grantees are two (2) corporations. Grantor conveys and generally warrants the described property to the Grantees. This deed complies with all state statutory laws.
A Fort Worth Texas General Warranty Deed refers to a legal document used to transfer the ownership of real property from one corporation (referred to as the granter) to two other corporations (referred to as the grantees). This type of deed guarantees that the granter holds clear and marketable title to the property and ensures that they have the legal authority to transfer the property to the grantees. The General Warranty Deed is a commonly used type of deed in real estate transactions, providing the highest level of protection to the grantees. By using this deed, the granter guarantees that they will defend the title against any claims made by third parties and compensate the grantees for any losses incurred due to defects in the title. This warranty extends back to the property's origins, even before the granter acquired it. Fort Worth, Texas is the specific location where this General Warranty Deed is executed, indicating that the property being transferred is situated within the geographical jurisdiction of Fort Worth. However, it is important to note that there can be variations or additional types of General Warranty Deeds specific to Fort Worth, Texas. For instance: 1. Fort Worth Texas Special Warranty Deed: This deed provides similar protections as the General Warranty Deed, but it limits the granter's warranty of the title to the time period when they owned the property. It does not extend back to previous owners. 2. Fort Worth Texas Quitclaim Deed: Unlike the General Warranty Deed, the granter of a quitclaim deed provides no warranties or guarantees regarding the title. It essentially conveys any interest the granter may have in the property to the grantees without any claims, warranties, or obligations. To ensure accurate information, it is always recommended consulting with a local attorney, title company, or real estate professional familiar with the specific laws and regulations in Fort Worth, Texas regarding the different types of General Warranty Deeds.
