This form is a General Warranty Deed where the grantors could be an individual/individuals or husband and wife and the grantees could be an individual or multiple individuals.
A Collin Texas General Warranty Deed for Individuals or Husband and Wife to an Individual or Individuals is a legal document used to transfer ownership of real property in Collin County, Texas. This type of deed guarantees that the property is free from any liens, encumbrances, or title defects, and provides protection to the buyer. The key elements covered in a Collin Texas General Warranty Deed include: 1. Parties Involved: The individuals or husband and wife (collectively referred to as the "granter[s]") who currently own the property and wish to transfer it, as well as the individual or individuals (referred to as the "grantee[s]") who will be the new owners. 2. Property Description: A detailed and accurate description of the property being transferred. This includes the legal description, including lot number, block number, and subdivision name, along with the physical address and any other unique identifiers. 3. Consideration: The amount of money paid or the value exchanged for the property must be mentioned in the deed. This demonstrates that the transfer is based on a valid contract and consideration. 4. Covenants and Warranties: Collin Texas General Warranty Deeds typically offer several warranties to protect the grantee. Some key covenants and warranties include: a. Covenant of Basin: Guarantees that the granter(s) possess the legal right and authority to transfer the property. b. Covenant of Right to Convey: Promises that the granter(s) have the right to sell the property, and it is free from any restrictions or limitations not mentioned in the deed. c. Covenant Against Encumbrances: Ensures that the property is free from liens, mortgages, judgments, or other encumbrances, except those explicitly mentioned in the deed. d. Covenant of Quiet Enjoyment: Assures that the grantee(s) will not face any legal claims or disputes regarding their ownership or possession of the property. e. Covenant of Warranty Forever: Provides an ongoing warranty, ensuring that the granter(s) will defend the grantee(s) against any lawful claims related to the property. Different variations of a Collin Texas General Warranty Deed may include: 1. Collin Texas Special Warranty Deed: This deed provides limited warranties, protecting the grantee only against claims arising during the granter's ownership of the property. It does not extend to previous owners. 2. Collin Texas Quitclaim Deed: Unlike a general warranty deed, a quitclaim deed offers no warranties or guarantees. It simply conveys the granter's interest in the property, if any, to the grantee. This type of deed is often used in situations where the parties have a pre-existing relationship or trust. It is essential to consult with a qualified real estate attorney or a title company to ensure that the appropriate type of deed is used and that it complies with all legal requirements in Collin County, Texas.A Collin Texas General Warranty Deed for Individuals or Husband and Wife to an Individual or Individuals is a legal document used to transfer ownership of real property in Collin County, Texas. This type of deed guarantees that the property is free from any liens, encumbrances, or title defects, and provides protection to the buyer. The key elements covered in a Collin Texas General Warranty Deed include: 1. Parties Involved: The individuals or husband and wife (collectively referred to as the "granter[s]") who currently own the property and wish to transfer it, as well as the individual or individuals (referred to as the "grantee[s]") who will be the new owners. 2. Property Description: A detailed and accurate description of the property being transferred. This includes the legal description, including lot number, block number, and subdivision name, along with the physical address and any other unique identifiers. 3. Consideration: The amount of money paid or the value exchanged for the property must be mentioned in the deed. This demonstrates that the transfer is based on a valid contract and consideration. 4. Covenants and Warranties: Collin Texas General Warranty Deeds typically offer several warranties to protect the grantee. Some key covenants and warranties include: a. Covenant of Basin: Guarantees that the granter(s) possess the legal right and authority to transfer the property. b. Covenant of Right to Convey: Promises that the granter(s) have the right to sell the property, and it is free from any restrictions or limitations not mentioned in the deed. c. Covenant Against Encumbrances: Ensures that the property is free from liens, mortgages, judgments, or other encumbrances, except those explicitly mentioned in the deed. d. Covenant of Quiet Enjoyment: Assures that the grantee(s) will not face any legal claims or disputes regarding their ownership or possession of the property. e. Covenant of Warranty Forever: Provides an ongoing warranty, ensuring that the granter(s) will defend the grantee(s) against any lawful claims related to the property. Different variations of a Collin Texas General Warranty Deed may include: 1. Collin Texas Special Warranty Deed: This deed provides limited warranties, protecting the grantee only against claims arising during the granter's ownership of the property. It does not extend to previous owners. 2. Collin Texas Quitclaim Deed: Unlike a general warranty deed, a quitclaim deed offers no warranties or guarantees. It simply conveys the granter's interest in the property, if any, to the grantee. This type of deed is often used in situations where the parties have a pre-existing relationship or trust. It is essential to consult with a qualified real estate attorney or a title company to ensure that the appropriate type of deed is used and that it complies with all legal requirements in Collin County, Texas.
