This form is a General Warranty Deed where the grantor is an individual and the grantees are individuals holding title as joint tenants.
A San Angelo Texas General Warranty Deed for Individual to Individuals as Joint Tenants is a legal document that transfers ownership of real property from one person (the granter) to multiple individuals (the grantees) as joint tenants. This type of deed provides a robust guarantee to the grantees, ensuring that the granter holds clear and marketable title to the property and will defend against any future claims or issues that may arise. The San Angelo Texas General Warranty Deed for Individual to Individuals as Joint Tenants establishes a joint tenancy, which is a form of co-ownership where each tenant has an equal undivided interest in the property. This means that all joint tenants have the right to possess and use the entire property, and if one tenant passes away, their interest automatically transfers to the surviving joint tenants. This arrangement offers advantages such as the avoidance of probate and the ability to transfer the property to future generations without going through the legal process of wills or trusts. There may be variations or subtypes of the San Angelo Texas General Warranty Deed for Individual to Individuals as Joint Tenants based on specific circumstances or preferences. These variations might include: 1. San Angelo Texas General Warranty Deed with Right of Survivorship: This variant includes an additional clause explicitly stating that the joint tenancy is accompanied by the right of survivorship. This means that if one joint tenant passes away, their interest automatically transfers to the surviving joint tenants, without the need for probate or any legal proceedings. 2. San Angelo Texas General Warranty Deed with Unequal Interests: While joint tenancies typically assume equal shares, some individuals may wish to establish an unequal distribution of ownership among the joint tenants. In such cases, a provision outlining the specific percentage or fractional interest of each tenant is added to the deed. 3. San Angelo Texas General Warranty Deed with Included Restrictions: Occasionally, certain restrictions or limitations may need to be imposed on the usage of the property. These restrictions could include clauses governing the type of activities allowed, architectural guidelines, or restrictions related to development or usage. Such clauses are added as additional terms within the general warranty deed. It is crucial to consult with a qualified real estate attorney or legal professional familiar with Texas laws to ensure the appropriate type of San Angelo Texas General Warranty Deed for Individual to Individuals as Joint Tenants is selected according to specific needs and intentions.
