This form is a General Warranty Deed where the grantors are three individuals and the grantee is a limited partnership.
A San Antonio Texas General Warranty Deed for Three Individuals to Limited Partnership is a legal document that facilitates the transfer of real estate ownership rights from three individual sellers to a limited partnership entity in San Antonio, Texas. This type of deed provides a guarantee from the sellers that they have clear and marketable title to the property, meaning there are no undisclosed debts, liens, or claims that could adversely affect the new owner's rights. In the context of a limited partnership, this deed serves as a means for the individuals to contribute their ownership interests or shares in the property to the limited partnership, which is a distinct legal entity formed for a specific business purpose. The limited partnership structure allows for both general partners, who are responsible for managing the partnership and have unlimited liability, and limited partners, who possess limited liability but have no direct management authority. The San Antonio Texas General Warranty Deed for Three Individuals to Limited Partnership may also be referred to as a "San Antonio General Warranty Deed for Three Individuals to LP" or simply a "San Antonio Warranty Deed to Limited Partnership." These variations in naming typically depend on the preferences or requirements of the parties involved in the transaction or the specific legal language used in the document. It is crucial to note that this description provides a general overview of the purpose and nature of a San Antonio Texas General Warranty Deed for Three Individuals to Limited Partnership. However, it is always essential to consult with a licensed attorney or real estate professional for accurate guidance and specific information tailored to your unique circumstances.A San Antonio Texas General Warranty Deed for Three Individuals to Limited Partnership is a legal document that facilitates the transfer of real estate ownership rights from three individual sellers to a limited partnership entity in San Antonio, Texas. This type of deed provides a guarantee from the sellers that they have clear and marketable title to the property, meaning there are no undisclosed debts, liens, or claims that could adversely affect the new owner's rights. In the context of a limited partnership, this deed serves as a means for the individuals to contribute their ownership interests or shares in the property to the limited partnership, which is a distinct legal entity formed for a specific business purpose. The limited partnership structure allows for both general partners, who are responsible for managing the partnership and have unlimited liability, and limited partners, who possess limited liability but have no direct management authority. The San Antonio Texas General Warranty Deed for Three Individuals to Limited Partnership may also be referred to as a "San Antonio General Warranty Deed for Three Individuals to LP" or simply a "San Antonio Warranty Deed to Limited Partnership." These variations in naming typically depend on the preferences or requirements of the parties involved in the transaction or the specific legal language used in the document. It is crucial to note that this description provides a general overview of the purpose and nature of a San Antonio Texas General Warranty Deed for Three Individuals to Limited Partnership. However, it is always essential to consult with a licensed attorney or real estate professional for accurate guidance and specific information tailored to your unique circumstances.
