Texas Warranty Deed from Corporation to Individual
What this document covers
The Warranty Deed from Corporation to Individual is a legal document used to transfer property ownership from a corporation (the Grantor) to an individual (the Grantee). This form guarantees that the Grantor has the right to convey the property and that the property is free of encumbrances, except for the oil, gas, and minerals that are reserved by the Grantor. This deed provides legal assurance of title and differs from other property transfer forms in that it specifically involves a corporation as the seller and an individual as the buyer.
Key parts of this document
- Identification of parties: Names and details of the Grantor (corporation) and Grantee (individual).
- Description of property: Detailed identification of the property being transferred.
- Exclusions: A statement on excluded rights to oil, gas, and minerals.
- Warranties: Grantor's assurance regarding ownership and absence of encumbrances.
- Signature and acknowledgment: Execution of the deed with necessary witness and notary sections.
When to use this document
This form should be used when a corporation is transferring ownership of real estate to an individual. It is particularly relevant in situations such as a company selling off property assets to employees, shareholders, or other individuals, or when a corporation is executing a property division after reorganization or dissolution.
Intended users of this form
- Corporations looking to transfer real estate ownership to a person.
- Individuals receiving property from a corporate entity.
- Legal professionals or real estate agents facilitating the transfer process.
How to prepare this document
- Identify the Grantor and Grantee, including their legal names and addresses.
- Clearly describe the property being transferred, including any attachments if necessary.
- Include any exclusions for oil, gas, and mineral rights as specified.
- Enter the date and ensure all parties sign the deed.
- Have the deed notarized to affirm its legitimacy.
Does this document require notarization?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to include a complete legal description of the property.
- Not specifying the exclusions for oil, gas, and minerals.
- Omitting necessary signatures from either the Grantor or the Grantee.
- Forgetting to seek notarization if required by state law.
- Not providing proper identification for all parties involved.
Benefits of completing this form online
- Convenience: Download and complete the form from anywhere with internet access.
- Editability: Customize the document to fit specific property and personal details.
- Reliability: Forms are drafted by licensed attorneys, ensuring legal compliance.
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FAQ
A warranty deed is a higher level of protection produced by the seller upon the real estate closing. It includes a full legal description of the property, and confirms the title is clear and free from all liens, encumbrances, or title defects. Most property sales make use of a warranty deed.Our title agents can help.
Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.
A property deed, or house deed, is a legal document that transfers ownership of real estate from the grantor (seller) to the grantee (buyer). Property deeds are the legal tool of defining ownership. When a property or house is sold, the buyer and seller sign the deed to transfer ownership.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.
To officially prove ownership of a property, you will require Official Copies of the register and title plan; these are what people commonly refer to as title deeds because they are the irrefutable proof of ownership of a property. Note, this only applies to registered property.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
Find the most recent deed to the property. It is best to begin with a copy of the most recent deed to the property (the deed that transferred the property to the current grantor). Create a new deed. Sign and notarize the deed. File the documents in the county land records.