This form is a General Warranty Deed where the grantor is an individual and the grantees are two individuals holding title as tenants in common.
A Harris Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common is a legal document that facilitates the transfer of ownership of a property located in Harris County, Texas. This type of deed is commonly used when an individual wants to transfer their property to two other individuals, with all parties having equal ownership rights. A General Warranty Deed provides the highest level of protection to the buyer, as it guarantees that the property being transferred is free from any encumbrances or claims. This means that the seller is responsible for defending the title against any claims that may arise in the future. The deed also ensures that the seller has the legal right to sell the property and transfer ownership. In a tenant in Common arrangement, each individual co-owner has an undivided interest in the property, but the ownership shares do not have to be equal. This means that each individual can sell, mortgage, or transfer their share without the consent of the other co-owners. Additionally, in the event one co-owner passes away, their share will pass to their heirs or beneficiaries rather than automatically transferring to the other co-owners. There are different variations of the Harris Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common, depending on the specific circumstances: 1. Harris Texas General Warranty Deed — Equal Ownership: This type of deed is used when both individuals hold an equal ownership interest in the property. The ownership share is typically divided equally between the two co-owners. 2. Harris Texas General Warranty Deed — Unequal Ownership: This variation is used when the ownership shares of the two individuals are not equal. For example, one individual may hold a 70% share, while the other holds a 30% share. This distribution can be tailored to the specific agreement between the parties involved. 3. Harris Texas General Warranty Deed with Specific Conditions: In some cases, the parties may wish to include specific conditions or provisions within the deed. This could include restrictions or easements, stipulations regarding land use or future developments, or any other specific agreements made between the parties. It is important to consult with a licensed attorney or real estate professional to ensure that the correct type of Harris Texas General Warranty Deed is used, and to ensure that all legal requirements are met during the transfer of ownership process.
