This form is a Warranty Deed with a retained Enhanced Life Estate where the Grantor is an individual and the Grantee is an individual. This form is also known as a "Lady Bird" Deed. Grantor conveys the property to Grantee subject to an enhanced retained life estate. The Grantor retains the right to sell, encumber, mortgage or otherwise impair the interest Grantee might receive in the future, without joinder or notice to Grantee, with the exception of the right to transfer the property by will. This deed complies with all state statutory laws.
Houston Texas Lady Bird or Enhanced Life Estate Warranty Deed — Individual to Individual is a legal document used to transfer property ownership from one individual to another in Houston, Texas. This type of deed contains certain enhanced rights and protections for the person granting the property, known as the "granter," as well as the person receiving the property, known as the "grantee." The Lady Bird or Enhanced Life Estate Warranty Deed is designed to protect the granter's interests during their lifetime while ensuring a smooth transition of the property to the grantee upon their death. It allows the granter to retain control over the property, including the right to sell, mortgage, or lease it, as well as the right to collect any income generated by the property. In addition to the standard warranty of title, which guarantees that the granter has the legal right to transfer the property, the Lady Bird or Enhanced Life Estate Warranty Deed offers additional protections to the grantee, such as a warranty against acts by or through the granter. This means that the grantee is protected against any claims or actions brought against the property by the granter or anyone acting on their behalf. There are two main types of Houston Texas Lady Bird or Enhanced Life Estate Warranty Deed — Individual to Individual: 1. Lady Bird Deed: Also known as an enhanced life estate deed with powers, this type of deed allows the granter to retain complete control over the property during their lifetime. They can sell, mortgage, or lease the property without the grantee's consent. However, upon the granter's death, the property automatically passes to the grantee without the need for probate. This type of deed is often used to avoid probate and ensure a smooth transfer of property ownership. 2. Enhanced Life Estate Warranty Deed: This type of deed is similar to the Lady Bird Deed but may have slightly different terms and provisions. It also allows the granter to retain control over the property during their lifetime, with the property transferring to the grantee upon the granter's death without the need for probate. Both types of deeds offer benefits to both the granter and the grantee. The granter can maintain control and use of the property throughout their lifetime, while the grantee is assured of receiving the property without any potential claims or challenges after the granter's death. It's important for individuals in Houston, Texas, considering this type of deed to consult with an experienced real estate attorney who can provide guidance on the specific requirements and implications of the Lady Bird or Enhanced Life Estate Warranty Deed.Houston Texas Lady Bird or Enhanced Life Estate Warranty Deed — Individual to Individual is a legal document used to transfer property ownership from one individual to another in Houston, Texas. This type of deed contains certain enhanced rights and protections for the person granting the property, known as the "granter," as well as the person receiving the property, known as the "grantee." The Lady Bird or Enhanced Life Estate Warranty Deed is designed to protect the granter's interests during their lifetime while ensuring a smooth transition of the property to the grantee upon their death. It allows the granter to retain control over the property, including the right to sell, mortgage, or lease it, as well as the right to collect any income generated by the property. In addition to the standard warranty of title, which guarantees that the granter has the legal right to transfer the property, the Lady Bird or Enhanced Life Estate Warranty Deed offers additional protections to the grantee, such as a warranty against acts by or through the granter. This means that the grantee is protected against any claims or actions brought against the property by the granter or anyone acting on their behalf. There are two main types of Houston Texas Lady Bird or Enhanced Life Estate Warranty Deed — Individual to Individual: 1. Lady Bird Deed: Also known as an enhanced life estate deed with powers, this type of deed allows the granter to retain complete control over the property during their lifetime. They can sell, mortgage, or lease the property without the grantee's consent. However, upon the granter's death, the property automatically passes to the grantee without the need for probate. This type of deed is often used to avoid probate and ensure a smooth transfer of property ownership. 2. Enhanced Life Estate Warranty Deed: This type of deed is similar to the Lady Bird Deed but may have slightly different terms and provisions. It also allows the granter to retain control over the property during their lifetime, with the property transferring to the grantee upon the granter's death without the need for probate. Both types of deeds offer benefits to both the granter and the grantee. The granter can maintain control and use of the property throughout their lifetime, while the grantee is assured of receiving the property without any potential claims or challenges after the granter's death. It's important for individuals in Houston, Texas, considering this type of deed to consult with an experienced real estate attorney who can provide guidance on the specific requirements and implications of the Lady Bird or Enhanced Life Estate Warranty Deed.
