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 Houston Texas General Warranty Deed from a Corporation to Two (2) Corporations is a legal document that transfers ownership of a property from one corporation to two other corporations, ensuring that the property is free from any encumbrances or claims by the transferring corporation. This type of deed provides a guarantee to the receiving corporations, known as grantees, that the transferring corporation, known as the granter, has the legal authority to convey the property and that they will defend the title against any future claims. The General Warranty Deed is a commonly used type of deed in real estate transactions as it provides the highest level of safeguards to the grantees. It includes several key provisions that protect the interests of the grantees, such as: 1. Granter and Grantee: The deed clearly identifies the granter, the corporation transferring the property, and the grantees, the two corporations receiving the property. 2. Property Description: The deed contains a detailed description of the property being transferred, including boundaries, lot numbers, and any other relevant information that establishes its exact location. 3. Covenants: The deed includes various covenants, which are promises made by the granter to the grantees. These covenants typically include the following: a. Covenant of Basin: The granter warrants that they have legal ownership and possession of the property and have the right to transfer it. b. Covenant of Right to Convey: The granter guarantees that they have the authority to convey the property and that it is not subject to any restrictions that would prevent the transfer. c. Covenant against Encumbrances: The granter assures the grantees that the property is free from any encumbrances, such as liens or mortgages, except those that are explicitly stated in the deed. d. Covenant of Quiet Enjoyment: The granter guarantees that the grantees' title to the property will be secure against any lawful claims of third parties. e. Covenant of Warranty: The granter pledges to defend the title to the property and compensate the grantees for any losses they may incur due to any defects in the title. 4. Consideration and Execution: The deed states the consideration paid by the grantees for the transfer of the property and is signed by authorized representatives of both the granter and the grantees before a notary public. It is important to note that while the Houston Texas General Warranty Deed from a Corporation to Two (2) Corporations is the standard form used for transferring property from one corporation to two corporations, there may be variations or additional provisions specific to certain circumstances or specific agreements between the parties involved. It is advisable to consult with legal professionals familiar with relevant local laws and regulations to ensure compliance and accuracy in drafting and executing such deeds.A Houston Texas General Warranty Deed from a Corporation to Two (2) Corporations is a legal document that transfers ownership of a property from one corporation to two other corporations, ensuring that the property is free from any encumbrances or claims by the transferring corporation. This type of deed provides a guarantee to the receiving corporations, known as grantees, that the transferring corporation, known as the granter, has the legal authority to convey the property and that they will defend the title against any future claims. The General Warranty Deed is a commonly used type of deed in real estate transactions as it provides the highest level of safeguards to the grantees. It includes several key provisions that protect the interests of the grantees, such as: 1. Granter and Grantee: The deed clearly identifies the granter, the corporation transferring the property, and the grantees, the two corporations receiving the property. 2. Property Description: The deed contains a detailed description of the property being transferred, including boundaries, lot numbers, and any other relevant information that establishes its exact location. 3. Covenants: The deed includes various covenants, which are promises made by the granter to the grantees. These covenants typically include the following: a. Covenant of Basin: The granter warrants that they have legal ownership and possession of the property and have the right to transfer it. b. Covenant of Right to Convey: The granter guarantees that they have the authority to convey the property and that it is not subject to any restrictions that would prevent the transfer. c. Covenant against Encumbrances: The granter assures the grantees that the property is free from any encumbrances, such as liens or mortgages, except those that are explicitly stated in the deed. d. Covenant of Quiet Enjoyment: The granter guarantees that the grantees' title to the property will be secure against any lawful claims of third parties. e. Covenant of Warranty: The granter pledges to defend the title to the property and compensate the grantees for any losses they may incur due to any defects in the title. 4. Consideration and Execution: The deed states the consideration paid by the grantees for the transfer of the property and is signed by authorized representatives of both the granter and the grantees before a notary public. It is important to note that while the Houston Texas General Warranty Deed from a Corporation to Two (2) Corporations is the standard form used for transferring property from one corporation to two corporations, there may be variations or additional provisions specific to certain circumstances or specific agreements between the parties involved. It is advisable to consult with legal professionals familiar with relevant local laws and regulations to ensure compliance and accuracy in drafting and executing such deeds.
