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.
In Austin, Texas, a Special Warranty Deed refers to a legal document that enables the transfer of real estate ownership between two individuals (granters) to three individuals (grantees). This deed guarantees that the granters have legally obtained and hold the title to the property being transferred. A Special Warranty Deed is different from a General Warranty Deed or Quitclaim Deed. While all three types of deeds convey ownership rights, a Special Warranty Deed provides a limited warranty to the grantees. It assures that the granters have not only held the property during their ownership period but also warrant against any defects, liens, or claims that may have arisen during their tenure. In the context of Austin, Texas, there may be different variations of the Special Warranty Deed from Two Individuals to Three Individuals. These variations could include: 1. Special Warranty Deed with Right of Survivorship: This type of deed ensures that if one of the three grantees passes away, their ownership share automatically transfers to the surviving grantees without the need for probate proceedings. 2. Special Warranty Deed with Delinquent Taxes: This variation addresses any outstanding tax liabilities associated with the property. The granters will promise to settle any unpaid taxes up until the date of the deed's execution. 3. Special Warranty Deed Subject to Easements: When a property has existing easements, such as right of way or utility access, this type of special warranty deed states that the grantees accept the property subject to those existing easements. 4. Special Warranty Deed with Encumbrances: Should the property have specific encumbrances, such as mortgages or liens, this special warranty deed would confirm that the granters warrant against those specific encumbrances only. These various types of Special Warranty Deeds from Two Individuals to Three Individuals provide added specificity and protections based on the unique circumstances of the property transfer. It is essential to consult with a knowledgeable real estate attorney or professional to understand the specific terms, conditions, and implications of each type of Special Warranty Deed.In Austin, Texas, a Special Warranty Deed refers to a legal document that enables the transfer of real estate ownership between two individuals (granters) to three individuals (grantees). This deed guarantees that the granters have legally obtained and hold the title to the property being transferred. A Special Warranty Deed is different from a General Warranty Deed or Quitclaim Deed. While all three types of deeds convey ownership rights, a Special Warranty Deed provides a limited warranty to the grantees. It assures that the granters have not only held the property during their ownership period but also warrant against any defects, liens, or claims that may have arisen during their tenure. In the context of Austin, Texas, there may be different variations of the Special Warranty Deed from Two Individuals to Three Individuals. These variations could include: 1. Special Warranty Deed with Right of Survivorship: This type of deed ensures that if one of the three grantees passes away, their ownership share automatically transfers to the surviving grantees without the need for probate proceedings. 2. Special Warranty Deed with Delinquent Taxes: This variation addresses any outstanding tax liabilities associated with the property. The granters will promise to settle any unpaid taxes up until the date of the deed's execution. 3. Special Warranty Deed Subject to Easements: When a property has existing easements, such as right of way or utility access, this type of special warranty deed states that the grantees accept the property subject to those existing easements. 4. Special Warranty Deed with Encumbrances: Should the property have specific encumbrances, such as mortgages or liens, this special warranty deed would confirm that the granters warrant against those specific encumbrances only. These various types of Special Warranty Deeds from Two Individuals to Three Individuals provide added specificity and protections based on the unique circumstances of the property transfer. It is essential to consult with a knowledgeable real estate attorney or professional to understand the specific terms, conditions, and implications of each type of Special Warranty Deed.
