Bexar Texas Seller's Affidavit and Declaration Concerning Warranties in Assignment is a legal document that serves as a declaration by the seller of a property in Bexar County, Texas. This affidavit and declaration are crucial in real estate transactions and are often required to protect the interests of both the buyer and seller. The Seller's Affidavit and Declaration Concerning Warranties in Assignment typically includes the following details: 1. Identification of the Parties: The affidavit starts by identifying the seller and buyer involved in the assignment of the property. The seller is required to provide their full legal name and contact information. 2. Property Description: A detailed description of the property being sold is included, which may consist of the address, lot number, legal description, and any other relevant details to accurately identify the property. 3. Warranty Disclaimer: The affidavit and declaration may include a clause where the seller denies making any warranties or guarantees about the property, except as explicitly mentioned in the sales contract. This clause protects the seller from potential future claims by the buyer related to the property's condition. 4. Disclosure of Known Defects: The seller is obligated to disclose any known defects or issues with the property. This includes both physical problems with the structure or systems within the property, and any legal issues or encumbrances on the property. This disclosure is crucial for the buyer to make an informed decision regarding the purchase. 5. Accuracy of Information: The seller affirms that all the information provided in the affidavit is true and accurate to the best of their knowledge. This statement ensures that the seller takes responsibility for the information they disclose. 6. Assignment of Warranties: If the property being sold has any existing warranties, the seller may assign those warranties to the buyer. This means that the buyer can benefit from any remaining warranty coverage on the property. Different types of Bexar Texas Seller's Affidavit and Declaration Concerning Warranties in Assignment may exist depending on the specific requirements of the transaction or the preferences of the parties involved. Some variations could include additional clauses or sections addressing specific concerns or circumstances of the sale. It is crucial to consult with a qualified real estate attorney or legal professional familiar with Texas laws and regulations to ensure the accuracy and completeness of the Seller's Affidavit and Declaration Concerning Warranties in Assignment.
Bexar Texas Seller's Affidavit and Declaration Concerning Warranties in Assignment
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How to fill out Bexar Texas Seller's Affidavit And Declaration Concerning Warranties In Assignment?
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