This form is a Special Warranty Deed where the Trust is the Grantor and the Grantees are two Individuals who will be joint tenants of the property with rights of survivorship. Grantor conveys and specially warrants the described property to the Grantees. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Houston Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal document used in real estate transactions to transfer ownership of a property from a trust to two individuals. This specific type of deed ensures that the property is held jointly by the individuals with the right of survivorship, meaning that if one owner passes away, their share automatically transfers to the surviving owner. To provide some context, a special warranty deed is a type of deed used in real estate transactions that guarantees that the granter (the trust in this case) has not encumbered the property in any way during their period of ownership, except for any claims or encumbrances that may have arisen from the granter's actions. This form of warranty deed offers a lesser level of protection compared to a general warranty deed. The term "Trust" in the description indicates that the property is held by the trust, which is a legal entity created for the purpose of owning and managing assets on behalf of beneficiaries. The trust is likely established by the current owner(s) of the property and is used as a means of passing on their ownership interests to the two individuals outlined in the deed. The phrase "Two Individuals as Joint Tenants" indicates that the property's ownership is shared equally between two individuals. In a joint tenancy, both parties have equal rights and interests in the property, and upon the death of one owner, their share automatically passes to the surviving owner(s) without going through probate. The inclusion of the "Rights of Survivorship" clause ensures that if one owner were to pass away, their share of the property would seamlessly transfer to the other owner(s), avoiding the need for additional legal processes. It's important to note that there may be variations or different types of Houston Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship based on specific circumstances, such as different parties involved, additional conditions or contingencies, or unique terms related to specific aspects of the property transfer. However, the basic structure and intent remain consistent — to transfer ownership from a trust to two individuals as joint tenants with rights of survivorship.A Houston Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal document used in real estate transactions to transfer ownership of a property from a trust to two individuals. This specific type of deed ensures that the property is held jointly by the individuals with the right of survivorship, meaning that if one owner passes away, their share automatically transfers to the surviving owner. To provide some context, a special warranty deed is a type of deed used in real estate transactions that guarantees that the granter (the trust in this case) has not encumbered the property in any way during their period of ownership, except for any claims or encumbrances that may have arisen from the granter's actions. This form of warranty deed offers a lesser level of protection compared to a general warranty deed. The term "Trust" in the description indicates that the property is held by the trust, which is a legal entity created for the purpose of owning and managing assets on behalf of beneficiaries. The trust is likely established by the current owner(s) of the property and is used as a means of passing on their ownership interests to the two individuals outlined in the deed. The phrase "Two Individuals as Joint Tenants" indicates that the property's ownership is shared equally between two individuals. In a joint tenancy, both parties have equal rights and interests in the property, and upon the death of one owner, their share automatically passes to the surviving owner(s) without going through probate. The inclusion of the "Rights of Survivorship" clause ensures that if one owner were to pass away, their share of the property would seamlessly transfer to the other owner(s), avoiding the need for additional legal processes. It's important to note that there may be variations or different types of Houston Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship based on specific circumstances, such as different parties involved, additional conditions or contingencies, or unique terms related to specific aspects of the property transfer. However, the basic structure and intent remain consistent — to transfer ownership from a trust to two individuals as joint tenants with rights of survivorship.
