Warranty Deed with Vendor's Lien
(Residential Transaction) (TX)

Summary

This template is a warranty deed commonly used by a seller/grantor to transfer title to Texas residential real property to a buyer/grantee. A warranty deed warrants title to the property through the entire chain of title. This template includes practical guidance, drafting notes, and optional clauses. This particular deed template also provides language for a vendor's lien, which will run in favor of the party providing the financing for the transaction. This deed contemplates that the property will be paid in the form of cash and seller financing through a promissory note provided by the grantee to the grantor; the vendor's lien will be held by the grantor until such time the grantee pays off the note, at which time the deed becomes absolute. This template may be tailored to suit each transaction. For another deed template that may be used in commercial or residential transactions, see General/Special Warranty Deed (TX). For templates of deeds to use in commercial transactions in Texas, see Deed (without Warranties) (TX) and Quitclaim Deed (Commercial Transaction) (TX). For information on the process of buying and selling real property in Texas, see Purchasing and Selling Commercial Real Estate Resource Kit (TX) and Residential Purchase and Sale Transactions Resource Kit (TX). For more information on commercial real estate ownership in Texas, see Commercial Real Estate Ownership (TX). For information on recording real property documents in Texas, see Recording Procedures (TX) and Recording Rules for Real Property Documents (TX). For information on deed transfer taxes in Texas, see Real Property Transfer Taxes (TX). For information on title insurance in Texas, see Title Insurance (TX). For more information on deeds in general, see Types of Deeds and Key Provisions. See also Thompson on Real Property, Thomas Editions § 82.04 and Powell on Real Property § 81A.03. For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit. See also Junior Associate Real Estate Resource Kit (Commercial Purchase and Sale). For a full listing of key content covering purchasing and selling residential real estate, see Purchasing and Selling Residential Real Estate Resource Kit. For a list of key resources covering real estate-related tasks for associates, in-house attorneys, and interns, see First Year Associate Resource Kit: Real Estate, Summer Associate Resource Kit: Real Estate, In-House Real Estate Resource Kit, and Federal Government Summer Intern Resource Kit: Real Estate.