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.
College Station Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property from an individual to a group of five individuals in College Station, Texas. This deed provides a guarantee to the buyer, known as the grantee, that the seller, known as the granter, holds a clear and marketable title to the property and has the legal right to convey it. In College Station, Texas, there are various types of General Warranty Deeds that can be used to transfer property from an individual to five individuals, depending on specific circumstances and requirements. These may include: 1. College Station Texas General Warranty Deed with Survivorship Rights: This type of deed is commonly used when the granters and grantees want the property to pass to the surviving owners upon the death of one owner. It provides joint tenants with the right of survivorship, ensuring that their interest in the property automatically transfers to the surviving owners without the need for probate. 2. College Station Texas General Warranty Deed Tenants in Common: In this type of deed, the property is conveyed to the five individuals as tenants in common. Each individual holds an individual and undivided interest in the property, and upon the death of one owner, their share will pass to their heirs or as designated in their will. 3. College Station Texas General Warranty Deed with Right of Partition: This deed allows the five individuals to hold the property as joint tenants with the right of partition. It means that each individual has an equal share in the property, and if any owner wishes to sell or partition their interest, they have the legal right to do so. However, the property must be divided in a fair and equitable manner among the co-owners. Regardless of the specific type of General Warranty Deed used, it is crucial for all parties involved to consult with an experienced real estate attorney to draft and review the deed carefully. This ensures that all legal requirements are met, and the transfer of property proceeds smoothly without any future disputes or title issues.College Station Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property from an individual to a group of five individuals in College Station, Texas. This deed provides a guarantee to the buyer, known as the grantee, that the seller, known as the granter, holds a clear and marketable title to the property and has the legal right to convey it. In College Station, Texas, there are various types of General Warranty Deeds that can be used to transfer property from an individual to five individuals, depending on specific circumstances and requirements. These may include: 1. College Station Texas General Warranty Deed with Survivorship Rights: This type of deed is commonly used when the granters and grantees want the property to pass to the surviving owners upon the death of one owner. It provides joint tenants with the right of survivorship, ensuring that their interest in the property automatically transfers to the surviving owners without the need for probate. 2. College Station Texas General Warranty Deed Tenants in Common: In this type of deed, the property is conveyed to the five individuals as tenants in common. Each individual holds an individual and undivided interest in the property, and upon the death of one owner, their share will pass to their heirs or as designated in their will. 3. College Station Texas General Warranty Deed with Right of Partition: This deed allows the five individuals to hold the property as joint tenants with the right of partition. It means that each individual has an equal share in the property, and if any owner wishes to sell or partition their interest, they have the legal right to do so. However, the property must be divided in a fair and equitable manner among the co-owners. Regardless of the specific type of General Warranty Deed used, it is crucial for all parties involved to consult with an experienced real estate attorney to draft and review the deed carefully. This ensures that all legal requirements are met, and the transfer of property proceeds smoothly without any future disputes or title issues.
