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.
Irving Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property located in Irving, Texas from an individual seller to a group of five individuals as buyers. This type of deed provides a guarantee to the buyer that the seller has the legal right to sell the property and that there are no liens or encumbrances on the property, other than those specifically mentioned in the deed. There are various types of Irving Texas General Warranty Deed from Individual to Five (5) Individuals, including: 1. Conveyance Deed: This is a standard type of general warranty deed that transfers ownership from the individual seller to the five individuals without any conditions. 2. Joint Tenancy Deed: This type of warranty deed establishes joint ownership with rights of survivorship among the five individuals. In the event of the death of one of the owners, their share automatically passes to the remaining owners. 3. Tenants in Common Deed: This deed allows the five individuals to hold the property as tenants in common, where each has a distinct share of the property. Owners can sell or transfer their share independently and their share is not automatically passed to other owners upon death. 4. Community Property Deed: If the five individuals are married, this type of warranty deed may be used to transfer the property, establishing it as community property between the spouses. In community property states like Texas, both spouses have an equal interest in the property acquired during the marriage. A typical Irving Texas General Warranty Deed includes essential details such as the legal description of the property, the names and addresses of the individuals involved, the consideration (price) paid for the property, and the signatures of all parties involved, including a notary public. It is highly recommended consulting with a real estate attorney or a title company experienced in Texas real estate laws to ensure the deed is drafted accurately and legally binding.Irving Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property located in Irving, Texas from an individual seller to a group of five individuals as buyers. This type of deed provides a guarantee to the buyer that the seller has the legal right to sell the property and that there are no liens or encumbrances on the property, other than those specifically mentioned in the deed. There are various types of Irving Texas General Warranty Deed from Individual to Five (5) Individuals, including: 1. Conveyance Deed: This is a standard type of general warranty deed that transfers ownership from the individual seller to the five individuals without any conditions. 2. Joint Tenancy Deed: This type of warranty deed establishes joint ownership with rights of survivorship among the five individuals. In the event of the death of one of the owners, their share automatically passes to the remaining owners. 3. Tenants in Common Deed: This deed allows the five individuals to hold the property as tenants in common, where each has a distinct share of the property. Owners can sell or transfer their share independently and their share is not automatically passed to other owners upon death. 4. Community Property Deed: If the five individuals are married, this type of warranty deed may be used to transfer the property, establishing it as community property between the spouses. In community property states like Texas, both spouses have an equal interest in the property acquired during the marriage. A typical Irving Texas General Warranty Deed includes essential details such as the legal description of the property, the names and addresses of the individuals involved, the consideration (price) paid for the property, and the signatures of all parties involved, including a notary public. It is highly recommended consulting with a real estate attorney or a title company experienced in Texas real estate laws to ensure the deed is drafted accurately and legally binding.
