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 Wichita Falls Texas Special Warranty Deed from Two Individuals to Three Individuals is a legal document that transfers ownership of a property in Wichita Falls, Texas, from two individuals to three individuals, with a limited warranty of title. A special warranty deed is a type of real estate deed that guarantees that the granters (the two individuals) have the legal right to transfer the property to the grantees (the three individuals), and that they will defend the title against any claims that may arise during their ownership. However, unlike a general warranty deed, a special warranty deed only guarantees against claims or defects in the title that occurred during the time the granters owned the property. This type of deed is commonly used in real estate transactions and provides a level of protection to the grantees, ensuring that they receive the property with a clean title, free from any encumbrances or defects caused by the granters. The deed outlines the details of the property being transferred, including its legal description, boundaries, and any restrictions or easements that may exist. In Wichita Falls, Texas, there may be specific variations or types of special warranty deeds from two individuals to three individuals, such as: 1. Joint Tenancy with Right of Survivorship Special Warranty Deed: This type of deed establishes joint ownership between the three individuals, with the added protection that if one owner passes away, their share automatically goes to the surviving owners, avoiding probate. 2. Tenants in Common Special Warranty Deed: This variation allows the three individuals to own the property together but with separate and distinct shares. Each owner can sell, mortgage, or transfer their share without the consent of the others. 3. Life Estate Special Warranty Deed: This type of deed grants ownership to the three individuals for their lifetime. After their death, the property will transfer to another designated individual or entity, as specified in the deed. 4. Special Warranty Deed with Restrictions: In some cases, the deed may include restrictions or covenants that limit the use or development of the property. These restrictions are typically placed to maintain property value, preserve the neighborhood's character, or uphold specific land-use regulations. It is crucial to consult with an experienced real estate attorney or title company when dealing with a Special Warranty Deed from Two Individuals to Three Individuals in Wichita Falls, Texas, to ensure the transaction is legally valid and the terms are accurately reflected in the deed.A Wichita Falls Texas Special Warranty Deed from Two Individuals to Three Individuals is a legal document that transfers ownership of a property in Wichita Falls, Texas, from two individuals to three individuals, with a limited warranty of title. A special warranty deed is a type of real estate deed that guarantees that the granters (the two individuals) have the legal right to transfer the property to the grantees (the three individuals), and that they will defend the title against any claims that may arise during their ownership. However, unlike a general warranty deed, a special warranty deed only guarantees against claims or defects in the title that occurred during the time the granters owned the property. This type of deed is commonly used in real estate transactions and provides a level of protection to the grantees, ensuring that they receive the property with a clean title, free from any encumbrances or defects caused by the granters. The deed outlines the details of the property being transferred, including its legal description, boundaries, and any restrictions or easements that may exist. In Wichita Falls, Texas, there may be specific variations or types of special warranty deeds from two individuals to three individuals, such as: 1. Joint Tenancy with Right of Survivorship Special Warranty Deed: This type of deed establishes joint ownership between the three individuals, with the added protection that if one owner passes away, their share automatically goes to the surviving owners, avoiding probate. 2. Tenants in Common Special Warranty Deed: This variation allows the three individuals to own the property together but with separate and distinct shares. Each owner can sell, mortgage, or transfer their share without the consent of the others. 3. Life Estate Special Warranty Deed: This type of deed grants ownership to the three individuals for their lifetime. After their death, the property will transfer to another designated individual or entity, as specified in the deed. 4. Special Warranty Deed with Restrictions: In some cases, the deed may include restrictions or covenants that limit the use or development of the property. These restrictions are typically placed to maintain property value, preserve the neighborhood's character, or uphold specific land-use regulations. It is crucial to consult with an experienced real estate attorney or title company when dealing with a Special Warranty Deed from Two Individuals to Three Individuals in Wichita Falls, Texas, to ensure the transaction is legally valid and the terms are accurately reflected in the deed.
