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 Lewisville Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common is a legally binding document that conveys ownership of a property in Lewisville, Texas, from an individual seller to two individual buyers as tenants in common. This type of deed provides certain assurances to the buyers regarding the property's title, ensuring that the seller holds clear and marketable title. Keywords: Lewisville Texas, General Warranty Deed, Individual, Two Individuals, Tenants in Common In Lewisville, Texas, there are several variations of General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common, catering to specific needs and scenarios. Here are a few types: 1. Lewisville Texas General Warranty Deed with Joint Tenants Option: This variation allows the buyers to take ownership as joint tenants, where they have equal rights to the property. In case of the death of one tenant, the surviving tenant automatically inherits the deceased tenant's interest. 2. Lewisville Texas General Warranty Deed with Unequal Tenancy Shares: This type enables the buyers to hold ownership with varying percentages. For example, one buyer may hold a 60% share while the other holds a 40% share. This allows for the distribution of ownership based on contributions or agreements between the parties. 3. Lewisville Texas General Warranty Deed with Right of Survivorship: This type ensures that in case of the death of one of the tenants, the surviving tenant automatically inherits the deceased tenant's interest, thus avoiding the property going through probate. 4. Lewisville Texas General Warranty Deed with Tenants by Entire ties: This type is specifically for married couples. It grants ownership to the spouses as tenants by the entirety, a form of joint tenancy with rights of survivorship available only to married couples. These variations of Lewisville Texas General Warranty Deeds provide flexibility to suit the specific needs and circumstances of the individuals involved in the property transaction. It is essential to consult with legal professionals or real estate experts for guidance in choosing the appropriate deed type and to ensure compliance with local laws and regulations.A Lewisville Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common is a legally binding document that conveys ownership of a property in Lewisville, Texas, from an individual seller to two individual buyers as tenants in common. This type of deed provides certain assurances to the buyers regarding the property's title, ensuring that the seller holds clear and marketable title. Keywords: Lewisville Texas, General Warranty Deed, Individual, Two Individuals, Tenants in Common In Lewisville, Texas, there are several variations of General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common, catering to specific needs and scenarios. Here are a few types: 1. Lewisville Texas General Warranty Deed with Joint Tenants Option: This variation allows the buyers to take ownership as joint tenants, where they have equal rights to the property. In case of the death of one tenant, the surviving tenant automatically inherits the deceased tenant's interest. 2. Lewisville Texas General Warranty Deed with Unequal Tenancy Shares: This type enables the buyers to hold ownership with varying percentages. For example, one buyer may hold a 60% share while the other holds a 40% share. This allows for the distribution of ownership based on contributions or agreements between the parties. 3. Lewisville Texas General Warranty Deed with Right of Survivorship: This type ensures that in case of the death of one of the tenants, the surviving tenant automatically inherits the deceased tenant's interest, thus avoiding the property going through probate. 4. Lewisville Texas General Warranty Deed with Tenants by Entire ties: This type is specifically for married couples. It grants ownership to the spouses as tenants by the entirety, a form of joint tenancy with rights of survivorship available only to married couples. These variations of Lewisville Texas General Warranty Deeds provide flexibility to suit the specific needs and circumstances of the individuals involved in the property transaction. It is essential to consult with legal professionals or real estate experts for guidance in choosing the appropriate deed type and to ensure compliance with local laws and regulations.
