This form is a General Warranty Deed where the grantor is an individual and the grantee is a non-profit corporation.
Collin Texas General Warranty Deed for Individual to Nonprofit Corporation is a legal document that transfers ownership of real estate property from an individual to a nonprofit organization in Collin County, Texas. This deed provides a guarantee or warranty to the nonprofit corporation that the property is free from any liens, encumbrances, or claims of ownership. It ensures a clear title and protects the nonprofit corporation from any future legal disputes or claims regarding the property. Keywords: Collin Texas, general warranty deed, individual, nonprofit corporation, property ownership, real estate, Collin County, Texas, liens, encumbrances, claims of ownership, clear title, legal disputes. There are primarily two types of Collin Texas General Warranty Deeds for an individual to a nonprofit corporation: 1. Statutory General Warranty Deed: This type of deed follows the statutory requirements set forth by the state of Texas. It guarantees that the individual transferring the property holds a valid title and has the legal authority to transfer ownership to the nonprofit corporation. The deed also ensures that there are no undisclosed encumbrances or claims that could affect the property. 2. Special Warranty Deed: This type of deed provides a warranty or guarantee of title only during the time the individual owned the property. It limits the warranty to the individual's ownership period, and any future claims or disputes arising from a previous owner's actions or title issues are not covered. It is essential for the nonprofit corporation to thoroughly research the property's title history and potential encumbrances before accepting a special warranty deed. Furthermore, it is crucial for both parties involved — the individual transferring the property and the nonprofit corporation receiving it — to consult with legal professionals experienced in real estate transactions, to ensure the proper drafting and execution of the Collin Texas General Warranty Deed.Collin Texas General Warranty Deed for Individual to Nonprofit Corporation is a legal document that transfers ownership of real estate property from an individual to a nonprofit organization in Collin County, Texas. This deed provides a guarantee or warranty to the nonprofit corporation that the property is free from any liens, encumbrances, or claims of ownership. It ensures a clear title and protects the nonprofit corporation from any future legal disputes or claims regarding the property. Keywords: Collin Texas, general warranty deed, individual, nonprofit corporation, property ownership, real estate, Collin County, Texas, liens, encumbrances, claims of ownership, clear title, legal disputes. There are primarily two types of Collin Texas General Warranty Deeds for an individual to a nonprofit corporation: 1. Statutory General Warranty Deed: This type of deed follows the statutory requirements set forth by the state of Texas. It guarantees that the individual transferring the property holds a valid title and has the legal authority to transfer ownership to the nonprofit corporation. The deed also ensures that there are no undisclosed encumbrances or claims that could affect the property. 2. Special Warranty Deed: This type of deed provides a warranty or guarantee of title only during the time the individual owned the property. It limits the warranty to the individual's ownership period, and any future claims or disputes arising from a previous owner's actions or title issues are not covered. It is essential for the nonprofit corporation to thoroughly research the property's title history and potential encumbrances before accepting a special warranty deed. Furthermore, it is crucial for both parties involved — the individual transferring the property and the nonprofit corporation receiving it — to consult with legal professionals experienced in real estate transactions, to ensure the proper drafting and execution of the Collin Texas General Warranty Deed.
