This form is a Special Warranty Deed where the Grantors are two individuals and the Grantees are three individuals. Grantors convey and specially warrant the described property to the Grantees. The Grantors only warrant and will defend the property only as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals is a legal document that facilitates the transfer of real estate ownership between two parties, referred to as Granters, and three parties, known as Grantees. This specific type of deed provides a limited warranty of title, meaning the Granters guarantee that they have not taken any actions that would negatively impact the title of the property during their ownership, but do not provide warranty against any prior defects or claims. There are two main types of Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals: 1. Abilene Texas Special Warranty Deed with Joint Tenancy: In this type of deed, the three Grantees will have an equal undivided interest in the property, with the right of survivorship. This means that if one of the Grantees passes away, their share of the property automatically transfers to the remaining Grantees. 2. Abilene Texas Special Warranty Deed with Tenants in Common: This variation of the special warranty deed allows the three Grantees to have separate and distinct shares of the property. Unlike joint tenancy, there is no right of survivorship. If one of the Grantees passes away, their share will be distributed according to their individual estate plan or intestacy laws. Important keywords related to Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals: — Abilene, Texas: Indicates the specific location where the deed is being executed and the property is situated. — Special Warranty Deed: The specific type of deed being used for the transfer of real estate ownership. — Two Individuals: ThGrantersrs or sellers of the property. — Three Individuals: The Grantees or buyers of the property. — Limited warranty of title: The promise made by the Granters that they have not caused any title issues during their ownership. — Real Estate Ownership: The legal right and interest in a property. Grantersrs: The individuals transferring ownership of the property. — Grantees: The individuals receiving ownership of the property. — Joint Tenancy: A form of co-ownership where all owners have equal shares and the right of survivorship. — Tenants in Common: A form of co-ownership where each owner has a distinct share and no right of survivorship. Overall, the Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals ensures a transfer of property with a limited warranty of title, providing peace of mind for the Grantees while outlining their shared or separate ownership rights based on the chosen type of deed.Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals is a legal document that facilitates the transfer of real estate ownership between two parties, referred to as Granters, and three parties, known as Grantees. This specific type of deed provides a limited warranty of title, meaning the Granters guarantee that they have not taken any actions that would negatively impact the title of the property during their ownership, but do not provide warranty against any prior defects or claims. There are two main types of Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals: 1. Abilene Texas Special Warranty Deed with Joint Tenancy: In this type of deed, the three Grantees will have an equal undivided interest in the property, with the right of survivorship. This means that if one of the Grantees passes away, their share of the property automatically transfers to the remaining Grantees. 2. Abilene Texas Special Warranty Deed with Tenants in Common: This variation of the special warranty deed allows the three Grantees to have separate and distinct shares of the property. Unlike joint tenancy, there is no right of survivorship. If one of the Grantees passes away, their share will be distributed according to their individual estate plan or intestacy laws. Important keywords related to Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals: — Abilene, Texas: Indicates the specific location where the deed is being executed and the property is situated. — Special Warranty Deed: The specific type of deed being used for the transfer of real estate ownership. — Two Individuals: ThGrantersrs or sellers of the property. — Three Individuals: The Grantees or buyers of the property. — Limited warranty of title: The promise made by the Granters that they have not caused any title issues during their ownership. — Real Estate Ownership: The legal right and interest in a property. Grantersrs: The individuals transferring ownership of the property. — Grantees: The individuals receiving ownership of the property. — Joint Tenancy: A form of co-ownership where all owners have equal shares and the right of survivorship. — Tenants in Common: A form of co-ownership where each owner has a distinct share and no right of survivorship. Overall, the Abilene Texas Special Warranty Deed from Two Individuals to Three Individuals ensures a transfer of property with a limited warranty of title, providing peace of mind for the Grantees while outlining their shared or separate ownership rights based on the chosen type of deed.
