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.
In Collin, Texas, a General Warranty Deed from an Individual to Five (5) Individuals refers to a legal document that transfers ownership of a property from one individual to five other individuals. This type of deed offers a comprehensive protection to the recipients, known as grantees, guaranteeing that the property being conveyed is free from any liens, encumbrances, or title defects. The Collin Texas General Warranty Deed is an important legal instrument used to facilitate the smooth transfer of real estate ownership rights. By executing this deed, the granter ensures that they hold the legal authority to sell the property and pass on clear title to the five recipients. There might be variations of the Collin Texas General Warranty Deed from Individual to Five Individuals, such as: 1. Joint Tenancy General Warranty Deed: This type of deed establishes equal ownership interests among the five individuals, giving them the right of survivorship. If one individual passes away, their interest automatically transfers to the remaining four. 2. Tenants in Common General Warranty Deed: With this deed, each of the five individuals holds a separate and distinct ownership interest in the property. Unlike joint tenancy, there is no right of survivorship, and each individual can transfer their interest independently. 3. Community Property General Warranty Deed: Relevant for married couples, this type of deed treats the property as community property, meaning both spouses have equal ownership interests. If one spouse passes away, their share transfers to the surviving spouse. When preparing a Collin Texas General Warranty Deed from an Individual to Five Individuals, it is vital to include specific keywords that ensure the deed is legally accurate and binding. Some relevant keywords for this document could include: — Collin CountyTextxa— - General Warranty Deed — Individually namegrantero— - Five individual grantees — Property descriptio— - Legal description of the real estate — Free and cleatitletl— - Warranty of title — Grantor's covenants and representations — Consideration (the amount paid for the property) — Signatures of thgranteror and all five grantees Notarizationio— - Recording with the appropriate County Clerk's office Remember, consulting with a qualified real estate attorney or a professional specializing in real estate transactions is highly recommended ensuring all legal requirements are met and to draft an accurate Collin Texas General Warranty Deed from Individual to Five Individuals.In Collin, Texas, a General Warranty Deed from an Individual to Five (5) Individuals refers to a legal document that transfers ownership of a property from one individual to five other individuals. This type of deed offers a comprehensive protection to the recipients, known as grantees, guaranteeing that the property being conveyed is free from any liens, encumbrances, or title defects. The Collin Texas General Warranty Deed is an important legal instrument used to facilitate the smooth transfer of real estate ownership rights. By executing this deed, the granter ensures that they hold the legal authority to sell the property and pass on clear title to the five recipients. There might be variations of the Collin Texas General Warranty Deed from Individual to Five Individuals, such as: 1. Joint Tenancy General Warranty Deed: This type of deed establishes equal ownership interests among the five individuals, giving them the right of survivorship. If one individual passes away, their interest automatically transfers to the remaining four. 2. Tenants in Common General Warranty Deed: With this deed, each of the five individuals holds a separate and distinct ownership interest in the property. Unlike joint tenancy, there is no right of survivorship, and each individual can transfer their interest independently. 3. Community Property General Warranty Deed: Relevant for married couples, this type of deed treats the property as community property, meaning both spouses have equal ownership interests. If one spouse passes away, their share transfers to the surviving spouse. When preparing a Collin Texas General Warranty Deed from an Individual to Five Individuals, it is vital to include specific keywords that ensure the deed is legally accurate and binding. Some relevant keywords for this document could include: — Collin CountyTextxa— - General Warranty Deed — Individually namegrantero— - Five individual grantees — Property descriptio— - Legal description of the real estate — Free and cleatitletl— - Warranty of title — Grantor's covenants and representations — Consideration (the amount paid for the property) — Signatures of thgranteror and all five grantees Notarizationio— - Recording with the appropriate County Clerk's office Remember, consulting with a qualified real estate attorney or a professional specializing in real estate transactions is highly recommended ensuring all legal requirements are met and to draft an accurate Collin Texas General Warranty Deed from Individual to Five Individuals.
