This form is a General Warranty Deed where the grantors are three individuals and the grantee is a limited partnership.
A general warranty deed is a legal document used to transfer ownership of real property from three individuals to a limited partnership in Carrollton, Texas. This type of deed provides the highest level of protection to the buyer, as it guarantees that the property is free from any claims, liens, or encumbrances, both past and present. The Carrollton Texas General Warranty Deed for Three Individuals to Limited Partnership ensures that the three individuals, also known as granters, transfer their rights, title, and interest in the property to the limited partnership, referred to as the grantee. The deed includes a comprehensive set of covenants, which are legally binding promises made by the granters. Some key elements typically found in a Carrollton Texas General Warranty Deed for Three Individuals to Limited Partnership include: 1. Identification of Parties: The deed clearly identifies the three individuals who are transferring the property as well as the limited partnership that is receiving the property. 2. Property Description: The deed provides a detailed and accurate description of the property being transferred. This includes the street address, legal description, and any relevant survey or plat information. 3. Granting and Conveying Language: This language states that the granters are transferring their full and clear ownership rights to the limited partnership. It affirms that the granters have the legal authority to do so and that the property is free from any defects in title. 4. Covenants of Title: These are the promises made by the granters to the limited partnership. They guarantee that the granters have lawful ownership, the right to sell the property, and that there are no undisclosed encumbrances or claims against the property. 5. Warranty Clause: This clause ensures that the granters will defend the limited partnership against any future claims arising from defects in the title to the property. The granters will also compensate the limited partnership for any financial losses incurred due to these defects. 6. Execution and Notarization: The deed must be signed and dated by all three individuals transferring the property. Additionally, it must be notarized to make it legally binding and enforceable. There may be variations or specific types of Carrollton Texas General Warranty Deeds for Three Individuals to Limited Partnership based on the circumstances of the transaction. Some potential variations might include specific provisions related to the limited partnership agreement or additional clauses addressing particular concerns or conditions agreed upon by the parties involved.A general warranty deed is a legal document used to transfer ownership of real property from three individuals to a limited partnership in Carrollton, Texas. This type of deed provides the highest level of protection to the buyer, as it guarantees that the property is free from any claims, liens, or encumbrances, both past and present. The Carrollton Texas General Warranty Deed for Three Individuals to Limited Partnership ensures that the three individuals, also known as granters, transfer their rights, title, and interest in the property to the limited partnership, referred to as the grantee. The deed includes a comprehensive set of covenants, which are legally binding promises made by the granters. Some key elements typically found in a Carrollton Texas General Warranty Deed for Three Individuals to Limited Partnership include: 1. Identification of Parties: The deed clearly identifies the three individuals who are transferring the property as well as the limited partnership that is receiving the property. 2. Property Description: The deed provides a detailed and accurate description of the property being transferred. This includes the street address, legal description, and any relevant survey or plat information. 3. Granting and Conveying Language: This language states that the granters are transferring their full and clear ownership rights to the limited partnership. It affirms that the granters have the legal authority to do so and that the property is free from any defects in title. 4. Covenants of Title: These are the promises made by the granters to the limited partnership. They guarantee that the granters have lawful ownership, the right to sell the property, and that there are no undisclosed encumbrances or claims against the property. 5. Warranty Clause: This clause ensures that the granters will defend the limited partnership against any future claims arising from defects in the title to the property. The granters will also compensate the limited partnership for any financial losses incurred due to these defects. 6. Execution and Notarization: The deed must be signed and dated by all three individuals transferring the property. Additionally, it must be notarized to make it legally binding and enforceable. There may be variations or specific types of Carrollton Texas General Warranty Deeds for Three Individuals to Limited Partnership based on the circumstances of the transaction. Some potential variations might include specific provisions related to the limited partnership agreement or additional clauses addressing particular concerns or conditions agreed upon by the parties involved.
