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.
Lewisville Texas Special Warranty Deed from Two Individuals to Three Individuals is a legally binding document that transfers property ownership from two individuals to three individuals, ensuring clear title and limited warranties against defects in ownership. This type of deed provides specific assurances to the grantee, protecting their interests. The Lewisville Texas Special Warranty Deed falls under different variations, including: 1. Lewisville Texas Special Warranty Deed with Joint Tenancy: This type of deed is used when the two individuals hold ownership as joint tenants with the right of survivorship. It ensures that if one owner passes away, their share automatically transfers to the surviving owners. 2. Lewisville Texas Special Warranty Deed with Tenancy in Common: In this version, the two individuals hold ownership as tenants in common, which means their shares are distinct and can be inherited or transferred separately. This deed clarifies their respective interests and rights in the property. 3. Lewisville Texas Special Warranty Deed with Community Property Rights: This type of deed is applicable if the two individuals are married and reside in a community property state. It outlines their community property rights and interests in the property being transferred to the three individuals. The Lewisville Texas Special Warranty Deed offers several key features and provisions: 1. Granter(s): The two individuals who currently hold ownership of the property and are transferring it to the three individuals. 2. Grantee(s): The three individuals who will receive ownership rights to the property. 3. Property Description: A detailed legal description of the property being transferred, including boundaries, lot or parcel numbers, and any additional identifying information. 4. Special Warranty: The granter(s) provide a special warranty, guaranteeing that they have not caused, created, or allowed any defects or encumbrances on the title during their ownership tenure, except as explicitly stated in the deed. 5. Consideration: The value or consideration for the transfer of ownership, which can be monetary or non-monetary (e.g., love and affection). 6. Signatures and Notarization: The deed must be signed and notarized by all parties involved, including the granter(s) and grantees(s), for it to be legally valid. It is crucial to consult with a qualified real estate attorney or professional when preparing a Lewisville Texas Special Warranty Deed to ensure compliance with local laws and to address any unique circumstances or requirements.
