This form is a General Warranty Deed where the Grantor is an individual and the Grantees are five (5) individuals. Grantor conveys and generally warrants the described property to the grantees. This deed complies with all state statutory laws.
An Austin Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that acts as proof of ownership transfer of real property from one individual to multiple individuals in Austin, Texas. This type of deed provides a guarantee or warranty to the new owners, known as grantees, that the property is free from any encumbrances, claims, or defects in title, except those explicitly mentioned in the deed. Keywords: Austin Texas, general warranty deed, individual, five individuals, ownership transfer, real property, grantees, encumbrances, claims, defects in title. There are various types of Austin Texas General Warranty Deeds from Individual to Five (5) Individuals, including: 1. Austin Texas General Warranty Deed from Individual to Five Individuals with Full Covenants: This type of deed provides the most comprehensive and strongest guarantee to the grantees, as it includes all the traditional covenants related to title, such as the covenant of basin (assurance of ownership), the covenant of quiet enjoyment (non-interference by third parties), the covenant against encumbrances (no hidden liabilities or burdens), the covenant of future assurances (promise to defend title in the future), and the covenant of warranty forever (compensation for any future claims). 2. Austin Texas General Warranty Deed from Individual to Five Individuals with Limited Covenants: This type of deed includes a limited set of covenants compared to the full covenants deed. It typically includes the covenant of basin, the covenant against encumbrances, and the covenant of quiet enjoyment. However, it may exclude the covenant of future assurances and the covenant of warranty forever. 3. Austin Texas General Warranty Deed from Individual to Five Individuals with Special Warranty: This type of deed offers a more limited warranty to the grantees. It guarantees that the granter (the individual transferring the property) has not caused any defects in the title during their ownership of the property. However, it does not provide a guarantee against any defects or claims that may have existed prior to the granter's ownership. 4. Austin Texas General Warranty Deed from Individual to Five Individuals with Quitclaim: This type of deed provides the least amount of protection to the grantees. It transfers the granter's interest in the property but does not provide any warranty or guarantee regarding the state of the title. The granter simply relinquishes their claim or interest in the property, and the grantees accept it "as is," assuming any risks or defects that may exist. Overall, the Austin Texas General Warranty Deed from Individual to Five (5) Individuals serves as a legally binding document that ensures a smooth and secure transfer of ownership, protecting the interests of both the granter and the grantees in Austin, Texas.
