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 Pasadena Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common is a legal document used to transfer the ownership of a property located in Pasadena, Texas from an individual seller to two individual buyers as tenants in common. This type of deed provides a comprehensive warranty of title to the buyers. Keywords: Pasadena Texas, General Warranty Deed, Individual, Two Individuals, Tenants in Common There are several variations of the Pasadena Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common, which include: 1. Substitute Trustee: This type of general warranty deed includes provisions for the appointment of a substitute trustee, who can step in if the original trustee is unable or unwilling to perform their duties. 2. Life Estate: This variation of the general warranty deed specifies that the seller retains a life estate in the property, allowing them to continue living or using the property until their death. Upon the seller's death, full ownership transfers to the two buyers as tenants in common. 3. Joint Tenancy: In this type of deed, the two buyers hold an equal and undivided interest in the property with the right of survivorship. If one buyer passes away, their share automatically transfers to the surviving buyer. 4. Tenancy in Entirety: This variation of the general warranty deed is available only to married couples. It grants the two buyers equal and undivided ownership with right of survivorship. If one spouse passes away, the surviving spouse becomes the sole owner of the property. It is crucial to consult with a qualified attorney or real estate professional to determine the most appropriate type of Pasadena Texas General Warranty Deed for Individual to Two (2) Individuals as Tenants in Common, based on the specific circumstances of the property transfer.
