This form is a General Warranty Deed where the grantor is an individual and the grantees are two individuals.
Keywords: McKinney Texas, General Warranty Deed, Individual to Two Individuals, types Description: A McKinney Texas General Warranty Deed for Individual to Two Individuals is a legal document that transfers ownership of real estate from an individual property owner to two individuals as joint owners. This type of deed ensures that the property being transferred is clear of any liens, encumbrances, or claims, thereby providing a guarantee to the new owners (grantees). The General Warranty Deed is a commonly used document in real estate transactions in McKinney, Texas, as it offers the highest level of protection to the new owners by guaranteeing that the seller (granter) holds clear, marketable title to the property and will defend against any future claims. There are several types of General Warranty Deeds for Individual to Two Individuals in McKinney, Texas, each catering to specific circumstances: 1. General Warranty Deed with Joint Tenancy: This type of deed ensures that the two individuals receiving the property share equal ownership interest and have rights of survivorship. If one of the joint tenants passes away, their share automatically transfers to the surviving joint tenant. 2. General Warranty Deed with Tenancy in Common: With this deed, the two individuals have separate, undivided ownership interests in the property. Each person's share can be transferred or inherited separately, and in case of death, it does not automatically transfer to the other person. 3. General Warranty Deed with Right of Survivorship: Similar to the joint tenancy deed, this type of deed grants equal ownership and rights of survivorship to the two individuals. If one of the owners passes away, their share immediately transfers to the surviving owner without going through probate. 4. General Warranty Deed with Marital Rights: This deed is commonly used when the two individuals are married to each other. It includes specific language to grant the property with certain marital rights and benefits, protecting the interests of both spouses. When preparing a McKinney Texas General Warranty Deed for Individual to Two Individuals, it is crucial to consult with an experienced real estate attorney to ensure all legal requirements and specific circumstances are properly addressed.Keywords: McKinney Texas, General Warranty Deed, Individual to Two Individuals, types Description: A McKinney Texas General Warranty Deed for Individual to Two Individuals is a legal document that transfers ownership of real estate from an individual property owner to two individuals as joint owners. This type of deed ensures that the property being transferred is clear of any liens, encumbrances, or claims, thereby providing a guarantee to the new owners (grantees). The General Warranty Deed is a commonly used document in real estate transactions in McKinney, Texas, as it offers the highest level of protection to the new owners by guaranteeing that the seller (granter) holds clear, marketable title to the property and will defend against any future claims. There are several types of General Warranty Deeds for Individual to Two Individuals in McKinney, Texas, each catering to specific circumstances: 1. General Warranty Deed with Joint Tenancy: This type of deed ensures that the two individuals receiving the property share equal ownership interest and have rights of survivorship. If one of the joint tenants passes away, their share automatically transfers to the surviving joint tenant. 2. General Warranty Deed with Tenancy in Common: With this deed, the two individuals have separate, undivided ownership interests in the property. Each person's share can be transferred or inherited separately, and in case of death, it does not automatically transfer to the other person. 3. General Warranty Deed with Right of Survivorship: Similar to the joint tenancy deed, this type of deed grants equal ownership and rights of survivorship to the two individuals. If one of the owners passes away, their share immediately transfers to the surviving owner without going through probate. 4. General Warranty Deed with Marital Rights: This deed is commonly used when the two individuals are married to each other. It includes specific language to grant the property with certain marital rights and benefits, protecting the interests of both spouses. When preparing a McKinney Texas General Warranty Deed for Individual to Two Individuals, it is crucial to consult with an experienced real estate attorney to ensure all legal requirements and specific circumstances are properly addressed.
