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.
A League City Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property from an individual seller to five individual buyers. This type of deed provides a guarantee or warranty to the buyers that the seller has clear and marketable title to the property, and that there are no undisclosed liens, encumbrances, or claims against it. The General Warranty Deed serves as proof of ownership and ensures that the buyer has the right to possess, use, and transfer the property. It includes essential details such as the names and addresses of the seller and buyers, a legal description of the property, the purchase price, and the date of the transfer. In League City, Texas, there may be various variations or types of General Warranty Deed from Individual to Five (5) Individuals, depending on specific circumstances: 1. League City Texas General Warranty Deed with Survivorship: This type of deed includes a survivorship clause, meaning that if one of the five individuals were to pass away, their share of the property automatically transfers to the remaining surviving owners. 2. League City Texas General Warranty Deed with Joint Tenancy: Similar to the survivorship deed, this type of deed establishes joint tenancy, where all five individuals equally own the property with the right of survivorship. If one owner dies, their share automatically transfers to the remaining joint tenants. 3. League City Texas General Warranty Deed as Tenants-in-Common: In this case, the property is transferred to the five individuals as tenants-in-common, allowing each owner to hold an individual and distinct share of the property. If one tenant-in-common passes away, their share does not automatically pass to the remaining owners, but rather to their heirs or as directed in their will. 4. League City Texas General Warranty Deed with Restrictions: This type of deed may come with specific restrictions or covenants that limit certain uses or actions on the property, such as restrictions on building certain structures or engaging in certain businesses. Regardless of the specific type, a League City Texas General Warranty Deed from Individual to Five (5) Individuals ensures a smooth and lawful transfer of property ownership, providing both parties with legal protection and peace of mind. It is crucial to seek the advice of a qualified real estate attorney to ensure compliance with all applicable laws and to draft an enforceable and tailored deed.A League City Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property from an individual seller to five individual buyers. This type of deed provides a guarantee or warranty to the buyers that the seller has clear and marketable title to the property, and that there are no undisclosed liens, encumbrances, or claims against it. The General Warranty Deed serves as proof of ownership and ensures that the buyer has the right to possess, use, and transfer the property. It includes essential details such as the names and addresses of the seller and buyers, a legal description of the property, the purchase price, and the date of the transfer. In League City, Texas, there may be various variations or types of General Warranty Deed from Individual to Five (5) Individuals, depending on specific circumstances: 1. League City Texas General Warranty Deed with Survivorship: This type of deed includes a survivorship clause, meaning that if one of the five individuals were to pass away, their share of the property automatically transfers to the remaining surviving owners. 2. League City Texas General Warranty Deed with Joint Tenancy: Similar to the survivorship deed, this type of deed establishes joint tenancy, where all five individuals equally own the property with the right of survivorship. If one owner dies, their share automatically transfers to the remaining joint tenants. 3. League City Texas General Warranty Deed as Tenants-in-Common: In this case, the property is transferred to the five individuals as tenants-in-common, allowing each owner to hold an individual and distinct share of the property. If one tenant-in-common passes away, their share does not automatically pass to the remaining owners, but rather to their heirs or as directed in their will. 4. League City Texas General Warranty Deed with Restrictions: This type of deed may come with specific restrictions or covenants that limit certain uses or actions on the property, such as restrictions on building certain structures or engaging in certain businesses. Regardless of the specific type, a League City Texas General Warranty Deed from Individual to Five (5) Individuals ensures a smooth and lawful transfer of property ownership, providing both parties with legal protection and peace of mind. It is crucial to seek the advice of a qualified real estate attorney to ensure compliance with all applicable laws and to draft an enforceable and tailored deed.
