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 Lewisville Texas General Warranty Deed from an Individual to Five (5) Individuals is a legal document that transfers the ownership of a property from one individual to a group of five individuals. This type of deed provides a guarantee that the property title is free and clear of any liens or encumbrances, and the seller (granter) warrants that they have the legal right to transfer the property. Here are a few different types of General Warranty Deeds that may be applicable: 1. Lewisville Texas General Warranty Deed with Joint Tenancy: This deed establishes joint tenancy, where all five individuals hold an equal share of ownership in the property. In this form of ownership, if one of the individuals passes away, their share automatically transfers to the remaining co-owners. 2. Lewisville Texas General Warranty Deed with Tenants in Common: This type of deed allows the five individuals to hold unequal shares of ownership in the property. Each individual's share is specified, and they have the right to transfer or sell their portion without the consent of the other co-owners. 3. Lewisville Texas General Warranty Deed with Survivorship: This deed includes a survivorship clause, ensuring that if one of the five individuals passes away, their share automatically transfers to the surviving co-owners. 4. Lewisville Texas General Warranty Deed from Individual to Five Individuals as Trustees: In this case, the property is transferred to the five individuals as trustees, allowing them to hold and manage the property in a fiduciary capacity for the benefit of a trust or another entity. The Lewisville Texas General Warranty Deed from an Individual to Five (5) Individuals is a comprehensive legal document that protects the rights of both the granter and the grantees. It establishes clear ownership, ensures title integrity, and provides a solid foundation for the cooperative ownership of the property by the five individuals.A Lewisville Texas General Warranty Deed from an Individual to Five (5) Individuals is a legal document that transfers the ownership of a property from one individual to a group of five individuals. This type of deed provides a guarantee that the property title is free and clear of any liens or encumbrances, and the seller (granter) warrants that they have the legal right to transfer the property. Here are a few different types of General Warranty Deeds that may be applicable: 1. Lewisville Texas General Warranty Deed with Joint Tenancy: This deed establishes joint tenancy, where all five individuals hold an equal share of ownership in the property. In this form of ownership, if one of the individuals passes away, their share automatically transfers to the remaining co-owners. 2. Lewisville Texas General Warranty Deed with Tenants in Common: This type of deed allows the five individuals to hold unequal shares of ownership in the property. Each individual's share is specified, and they have the right to transfer or sell their portion without the consent of the other co-owners. 3. Lewisville Texas General Warranty Deed with Survivorship: This deed includes a survivorship clause, ensuring that if one of the five individuals passes away, their share automatically transfers to the surviving co-owners. 4. Lewisville Texas General Warranty Deed from Individual to Five Individuals as Trustees: In this case, the property is transferred to the five individuals as trustees, allowing them to hold and manage the property in a fiduciary capacity for the benefit of a trust or another entity. The Lewisville Texas General Warranty Deed from an Individual to Five (5) Individuals is a comprehensive legal document that protects the rights of both the granter and the grantees. It establishes clear ownership, ensures title integrity, and provides a solid foundation for the cooperative ownership of the property by the five individuals.
