This form is a General Warranty Deed where the grantors are three individuals and the grantee is a limited partnership.
Description: A Collin Texas General Warranty Deed for Three Individuals to Limited Partnership is a legal document used to transfer ownership of a property from three individuals to a limited partnership in Collin County, Texas. This type of deed ensures that the individuals selling the property, referred to as granters, provide a guarantee to the limited partnership, known as the grantee, that they have clear and marketable title to the property and that they will defend against any future claims by third parties. This deed serves as proof of ownership transfer and protects the limited partnership by providing warranties and covenants, including: 1. Granter's Covenant of Basin: This confirms that the granters have full legal rights and are the actual owners of the property being transferred. 2. Covenant of Right to Convey: The granters assure that they have the authority and legal right to transfer the property to the limited partnership. 3. Covenant Against Encumbrances: The granters guarantee that the property is free from any liens, mortgages, or other encumbrances that may affect the title. 4. Covenant of Quiet Enjoyment: The granters ensure that the grantee will have undisturbed possession of the property without any interference or claims by third parties. 5. Covenant of General Warranty: This is a broad warranty where the granters assure the grantee that they will defend the property against all future title claims and will compensate the grantee for any losses incurred as a result. It's important to note that there may be various types of Collin Texas General Warranty Deeds for Three Individuals to Limited Partnership depending on specific circumstances. For example: 1. Collin Texas General Warranty Deed with Joint Tenancy: If the three individuals are joint tenants, meaning they each hold an equal and undivided interest in the property, this type of deed would be used to transfer their ownership to a limited partnership. 2. Collin Texas General Warranty Deed with Tenancy in Common: If the three individuals own the property as tenants in common, with distinct shares or percentages of ownership, this variation of the deed would be utilized to convey their portion of ownership to the limited partnership. 3. Collin Texas General Warranty Deed with Right of Survivorship: In the event one of the individuals passes away, this type of deed would ensure that the surviving individuals can transfer the deceased's share to the limited partnership without going through probate. These variations of deeds may have specific clauses and language tailored to the particular type of ownership held by the three individuals. It's advisable to consult with a qualified real estate attorney or legal professional to ensure accurate preparation and execution of the appropriate Collin Texas General Warranty Deed.Description: A Collin Texas General Warranty Deed for Three Individuals to Limited Partnership is a legal document used to transfer ownership of a property from three individuals to a limited partnership in Collin County, Texas. This type of deed ensures that the individuals selling the property, referred to as granters, provide a guarantee to the limited partnership, known as the grantee, that they have clear and marketable title to the property and that they will defend against any future claims by third parties. This deed serves as proof of ownership transfer and protects the limited partnership by providing warranties and covenants, including: 1. Granter's Covenant of Basin: This confirms that the granters have full legal rights and are the actual owners of the property being transferred. 2. Covenant of Right to Convey: The granters assure that they have the authority and legal right to transfer the property to the limited partnership. 3. Covenant Against Encumbrances: The granters guarantee that the property is free from any liens, mortgages, or other encumbrances that may affect the title. 4. Covenant of Quiet Enjoyment: The granters ensure that the grantee will have undisturbed possession of the property without any interference or claims by third parties. 5. Covenant of General Warranty: This is a broad warranty where the granters assure the grantee that they will defend the property against all future title claims and will compensate the grantee for any losses incurred as a result. It's important to note that there may be various types of Collin Texas General Warranty Deeds for Three Individuals to Limited Partnership depending on specific circumstances. For example: 1. Collin Texas General Warranty Deed with Joint Tenancy: If the three individuals are joint tenants, meaning they each hold an equal and undivided interest in the property, this type of deed would be used to transfer their ownership to a limited partnership. 2. Collin Texas General Warranty Deed with Tenancy in Common: If the three individuals own the property as tenants in common, with distinct shares or percentages of ownership, this variation of the deed would be utilized to convey their portion of ownership to the limited partnership. 3. Collin Texas General Warranty Deed with Right of Survivorship: In the event one of the individuals passes away, this type of deed would ensure that the surviving individuals can transfer the deceased's share to the limited partnership without going through probate. These variations of deeds may have specific clauses and language tailored to the particular type of ownership held by the three individuals. It's advisable to consult with a qualified real estate attorney or legal professional to ensure accurate preparation and execution of the appropriate Collin Texas General Warranty Deed.
