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.
Pearland Texas General Warranty Deeds are legal documents used to transfer ownership of real estate property from an individual to five individuals in Pearland, Texas. This type of deed provides a guarantee or warranty by the seller that they have clear ownership of the property and that there are no outstanding liens or encumbrances on the property. There are different types of Pearland Texas General Warranty Deeds that can be used depending on the specific circumstances of the property transfer. One type is the General Warranty Deed with Survivorship Rights, which ensures that if any of the five individuals named in the deed passes away, their ownership interest automatically transfers to the remaining survivors. Another variation is the General Warranty Deed with Joint Tenancy, which establishes equal ownership and survivorship rights for all five individuals, ensuring that if one individual dies, their share is automatically transferred to the remaining joint tenants. Additionally, there is the General Warranty Deed with Rights of Partition, which allows the five individuals to divide or sell their interests in the property individually, giving them the right to partition the property among themselves or sell their share independently. It is important to consult with a qualified real estate attorney to determine the most appropriate type of Pearland Texas General Warranty Deed to use for the transfer of ownership in accordance with the specific needs and desires of the individuals involved.
