This form is a General Warranty Deed where the grantor is an individual and the grantees are three individuals with the right of survivorship.
A Brownsville Texas General Warranty Deed for Individual to Three (3) Individuals as Joint Tenants with Rights of Survivorship is a legal document that transfers ownership of a real property from an individual to three individuals, and designates their ownership as joint tenants with rights of survivorship. This type of deed is commonly used in Brownsville, Texas, and it assures the grantee (the three individuals) that the property is free from any liens, claims, or encumbrances, except those specifically mentioned in the deed. By executing this type of deed, the granter (individual transferring ownership) conveys the property's full ownership interest to the three individuals named in the deed. Each individual holds an equal interest in the property, and upon the death of one of the joint tenants, the surviving joint tenants automatically inherit the deceased tenant's interest, without the need for probate or a will. This type of deed provides certain key benefits, including the avoidance of probate proceedings, simplified transfer of property after the death of a joint tenant, and the ability to take advantage of homestead exemption for property tax purposes. Additionally, joint tenants with rights of survivorship can freely sell or transfer their interest in the property without the consent of other joint tenants. In Brownsville, Texas, there are different variations of the General Warranty Deed for Individual to Three (3) Individuals as Joint Tenants with Rights of Survivorship, such as: 1. Brownsville Texas Special Warranty Deed for Individual to Three (3) Individuals as Joint Tenants with Rights of Survivorship: Similar to the general warranty deed, this variation offers limited warranty protection where the granter guarantees that they have not caused any title defects during their ownership, but does not warrant against defects that may have existed before they acquired the property. 2. Brownsville Texas Quitclaim Deed for Individual to Three (3) Individuals as Joint Tenants with Rights of Survivorship: This type of deed transfers the granter's interest in the property to the three individuals without any warranties or guarantees. The granter simply "quits" their claim or interest in the property. It provides the least amount of protection for the grantee. When engaging in real estate transactions involving multiple individuals in Brownsville, Texas, it is vital to consult with a qualified real estate attorney or title company to ensure the correct deed type is selected and executed accurately, as it has significant legal implications on property ownership and transfer.
