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.
A Waco Texas Special Warranty Deed from Two Individuals to Three Individuals is a legal document that facilitates the transfer of property ownership from two individuals (granters) to three individuals (grantees) within the Waco, Texas jurisdiction. This type of deed provides certain warranties and assurances regarding the title to the property being transferred. The special warranty deed provides the grantees with limited guarantees and protection, typically pertaining to any defects or encumbrances that may have arisen during the tenure of the granters, rather than extending to any previous owners or time periods. This means that the granters assure the grantees that they have not caused any encumbrances or defects on the property, but do not guarantee that no issues existed prior to their ownership. In the context of Waco, Texas, there are different variations of special warranty deeds that individuals can utilize based on specific circumstances or preferences. These variations include: 1. Waco Texas Special Warranty Deed (Individual to Individual): This refers to a transfer of property ownership between two individuals. It may involve various property types such as residential, commercial, or vacant land. 2. Waco Texas Special Warranty Deed (Joint Tenancy to Three Individuals): This type of deed signifies a transfer of property ownership from a group of individuals who jointly owned the property as tenants in common, to three individuals. It ensures the transfer of their respective shares and interests. 3. Waco Texas Special Warranty Deed (Married Couple to Three Individuals): In cases where a married couple jointly owns a property, this special warranty deed facilitates the transfer of ownership to three individuals. It helps divide their ownership interests while providing limited warranties. 4. Waco Texas Special Warranty Deed (Trust to Three Individuals): If the property is held under a trust, this special warranty deed allows the trustees to transfer property ownership to three individuals. It includes specific provisions related to the trust's terms and guidelines for the transfer. When drafting or executing a Waco Texas Special Warranty Deed from Two Individuals to Three Individuals, it is crucial to consult with a qualified attorney or real estate professional familiar with Texas law to ensure the document accurately reflects the parties' intentions and abides by state-specific requirements. Additionally, a title search should be conducted to verify the property's ownership history and any existing encumbrances before executing the deed.
