This form is a Special Warranty Deed where the Trust is the Grantor and the Grantees are two Individuals who will be joint tenants of the property with rights of survivorship. Grantor conveys and specially warrants the described property to the Grantees. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Texas special warranty deed template is a legal document used in real estate transactions to transfer ownership of property from one party to another. This template is specifically designed for use in the state of Texas and includes all the necessary information and provisions required by the Texas Property Code. A special warranty deed is a type of deed that guarantees that the granter (seller) holds clear title to the property during their ownership period. It also guarantees that the granter will defend the buyer against any claims or encumbrances that may arise from the granter's ownership period. The Texas special warranty deed template includes the following sections and information: 1. Parties involved: The template provides spaces to fill in the names and addresses of both the granter (seller) and the grantee (buyer). This ensures that the deed is properly executed and legally binding. 2. Legal description: The template includes a section to describe the property being transferred. This includes the address, lot number, block number, and any other specific information required to identify the property accurately. 3. Consideration: This section specifies the amount of money or other valuable consideration exchanged between the granter and grantee for the property. It is essential for tax purposes and to establish a legally enforceable transfer of ownership. 4. Covenants and warranties: The special warranty deed template includes a provision that outlines the covenants and warranties made by the granter. These include the assurance that the granter has not encumbered the property, except as expressly stated in the deed, and that they will defend the grantee against any claims relating to the title. 5. Execution and notarization: The template includes spaces for the granter's signature, the notary public's signature, and the date of execution. This ensures that the deed is properly executed and acknowledged according to Texas state laws. Different types of Texas special warranty deed templates may exist depending on specific circumstances and requirements. Some common variations include: 1. Residential special warranty deed template: Specifically designed for the transfer of residential properties, this template often includes additional provisions related to homeowner associations, restrictions, and disclosures specific to residential properties. 2. Commercial special warranty deed template: This template is tailored for commercial property transactions and may include specific provisions related to zoning, environmental hazards, and commercial use restrictions. 3. General special warranty deed template: This template is more generic and can be used for a wide range of property transactions, though some customization may be required to align with specific requirements. In conclusion, a Texas special warranty deed template is a comprehensive legal document that ensures the transfer of property ownership while providing certain guarantees to the buyer. By using this template, parties involved can ensure a smooth and legally compliant transfer of real estate within the state.
