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 San Antonio Texas General Warranty Deed from Individual to Five (5) Individuals is a legal document that transfers ownership of a property from one individual to five other individuals. This type of deed guarantees that the seller (granter) holds clear and marketable title to the property and promises to defend the title against any previous claims or encumbrances. The deed includes relevant keywords such as "San Antonio Texas" to specify the location where the property is situated. This is important as property laws and regulations vary from state to state. The inclusion of "General Warranty Deed" indicates that the granter is offering a full warranty of title and guarantees against any future claims made by other parties. The deed also specifies that the transfer is from an individual, meaning that the property is not being sold by a business or organization. The granter is likely an individual property owner looking to transfer ownership to five other individuals, referred to as grantees. It is worth noting that there may be different types of General Warranty Deeds when it comes to transferring ownership from an individual to five individuals. For example: 1. San Antonio Texas General Warranty Deed from Individual to Five Individuals — Equal Ownership: This type of deed ensures that the property is being transferred to the five individuals with equal ownership rights. Each grantee will have an undivided one-fifth interest in the property. 2. San Antonio Texas General Warranty Deed from Individual to Five Individuals — Specified Ownership Shares: In this case, the deed will specify the ownership shares of each individual. For instance, one grantee may hold a 50% ownership share, while the other four grantees each hold a 12.5% share. Both types of General Warranty Deeds should include the necessary legal descriptions of the property involved, identification of the granter and grantees, consideration (price) for the transfer, and any additional terms or conditions agreed upon by the parties. These deeds will also need to be properly signed, notarized, and recorded in the appropriate county's land records to make the transfer legally binding and public record.
