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.
Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal document that transfers ownership of real property in Lewisville, Texas, between two individuals, who are referred to as joint tenants. This type of special warranty deed provides certain rights and protections to the parties involved. A special warranty deed is a type of deed that guarantees that the granter (the person transferring the property) holds legal title to the property and has the right to transfer it. However, unlike a general warranty deed, a special warranty deed only guarantees that there have been no encumbrances or claims against the property during the granter's ownership, and it provides no warranty against defects in title from previous owners. In this specific case, the special warranty deed is being executed within a trust agreement, indicating that the property is being held in trust on behalf of the two individuals. The trust acts as a legal entity that holds the property for the benefit of the named individuals. As joint tenants, the two individuals share equal ownership rights, and in the event that one of them passes away, the surviving joint tenant automatically inherits the deceased's share of the property without the need for probate. The Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is commonly used in real estate transactions to establish joint ownership and ensure the smooth transfer of property rights between the named individuals. This type of deed provides added protection to the parties by guaranteeing their joint rights and allowing for a seamless transfer of ownership upon the death of one joint tenant. It's important to note that there may be variations or additional clauses that can be included in a Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship, depending on the specific circumstances of the transaction. These variations may include provisions related to specific use restrictions, financial obligations, or other terms agreed upon by the parties involved. In summary, the Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is an important legal document that facilitates the transfer of property ownership between two individuals in Lewisville, Texas. This type of special warranty deed offers protections and specific rights to joint tenants, ensuring the smooth and efficient transfer of property rights both during the granter's ownership and upon the death of a joint tenant.Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is a legal document that transfers ownership of real property in Lewisville, Texas, between two individuals, who are referred to as joint tenants. This type of special warranty deed provides certain rights and protections to the parties involved. A special warranty deed is a type of deed that guarantees that the granter (the person transferring the property) holds legal title to the property and has the right to transfer it. However, unlike a general warranty deed, a special warranty deed only guarantees that there have been no encumbrances or claims against the property during the granter's ownership, and it provides no warranty against defects in title from previous owners. In this specific case, the special warranty deed is being executed within a trust agreement, indicating that the property is being held in trust on behalf of the two individuals. The trust acts as a legal entity that holds the property for the benefit of the named individuals. As joint tenants, the two individuals share equal ownership rights, and in the event that one of them passes away, the surviving joint tenant automatically inherits the deceased's share of the property without the need for probate. The Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is commonly used in real estate transactions to establish joint ownership and ensure the smooth transfer of property rights between the named individuals. This type of deed provides added protection to the parties by guaranteeing their joint rights and allowing for a seamless transfer of ownership upon the death of one joint tenant. It's important to note that there may be variations or additional clauses that can be included in a Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship, depending on the specific circumstances of the transaction. These variations may include provisions related to specific use restrictions, financial obligations, or other terms agreed upon by the parties involved. In summary, the Lewisville Texas Special Warranty Deed — Trust to Two Individuals as Joint Tenants with Rights of Survivorship is an important legal document that facilitates the transfer of property ownership between two individuals in Lewisville, Texas. This type of special warranty deed offers protections and specific rights to joint tenants, ensuring the smooth and efficient transfer of property rights both during the granter's ownership and upon the death of a joint tenant.
