This form is a Special Warranty Deed where the Grantor is an Individual and the Grantee is an Individual. Grantor conveys and specially warrants the described property to the Grantee. 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 Thornton Colorado Special Warranty Deed from Individual to a Limited Liability Company is a legal document that transfers ownership of real estate property from an individual to a limited liability company (LLC) while providing specific guarantees about the title's history. This type of deed is commonly used in real estate transactions within Thornton, Colorado. A Special Warranty Deed is a deed that guarantees that the granter (individual) holds the title to the property without any undisclosed encumbrances during their ownership. However, it limits the warranty only to any defects or encumbrances that occurred during the granter's ownership period. Key features of a Thornton Colorado Special Warranty Deed from Individual to a Limited Liability Company include: 1. Granter: The individual who currently holds the title to the property and intends to transfer it to the LLC. 2. Grantee: The limited liability company receiving the ownership rights to the property. 3. Property Description: The document includes a detailed description of the property being transferred, including its legal description, lot number, and address. 4. Title Guarantee: The granter guarantees that they have not encumbered the title of the property, except for any defects or encumbrances that may have occurred during their ownership. 5. Limited Warranty: Unlike a General Warranty Deed, which guarantees the property title against all defects, a Special Warranty Deed only provides protection for defects arising from the granter's period of ownership. 6. Consideration: The Special Warranty Deed specifies the consideration or payment made by the LLC in exchange for obtaining the property. 7. Signatures: Both the granter and the grantee, along with witnesses, must sign the document, and in some cases, a notary acknowledgment may be required. Different variations of a Special Warranty Deed from Individual to a Limited Liability Company may include: 1. Special Warranty Deed with Life Estate: This type of deed transfers the property to an LLC while granting a life estate interest to the granter or another specified individual. After the life estate holder's death, complete ownership passes to the LLC. 2. Special Warranty Deed with Quitclaim: A combination of a quitclaim deed and a special warranty deed, this document transfers the property but includes specific guarantees related to the granter's ownership period. Acquiring a property through a Thornton Colorado Special Warranty Deed from Individual to a Limited Liability Company provides the LLC with a level of assurance regarding the title's history, ensuring a smoother transition of ownership and protecting the LLC from unknown encumbrances or claims.A Thornton Colorado Special Warranty Deed from Individual to a Limited Liability Company is a legal document that transfers ownership of real estate property from an individual to a limited liability company (LLC) while providing specific guarantees about the title's history. This type of deed is commonly used in real estate transactions within Thornton, Colorado. A Special Warranty Deed is a deed that guarantees that the granter (individual) holds the title to the property without any undisclosed encumbrances during their ownership. However, it limits the warranty only to any defects or encumbrances that occurred during the granter's ownership period. Key features of a Thornton Colorado Special Warranty Deed from Individual to a Limited Liability Company include: 1. Granter: The individual who currently holds the title to the property and intends to transfer it to the LLC. 2. Grantee: The limited liability company receiving the ownership rights to the property. 3. Property Description: The document includes a detailed description of the property being transferred, including its legal description, lot number, and address. 4. Title Guarantee: The granter guarantees that they have not encumbered the title of the property, except for any defects or encumbrances that may have occurred during their ownership. 5. Limited Warranty: Unlike a General Warranty Deed, which guarantees the property title against all defects, a Special Warranty Deed only provides protection for defects arising from the granter's period of ownership. 6. Consideration: The Special Warranty Deed specifies the consideration or payment made by the LLC in exchange for obtaining the property. 7. Signatures: Both the granter and the grantee, along with witnesses, must sign the document, and in some cases, a notary acknowledgment may be required. Different variations of a Special Warranty Deed from Individual to a Limited Liability Company may include: 1. Special Warranty Deed with Life Estate: This type of deed transfers the property to an LLC while granting a life estate interest to the granter or another specified individual. After the life estate holder's death, complete ownership passes to the LLC. 2. Special Warranty Deed with Quitclaim: A combination of a quitclaim deed and a special warranty deed, this document transfers the property but includes specific guarantees related to the granter's ownership period. Acquiring a property through a Thornton Colorado Special Warranty Deed from Individual to a Limited Liability Company provides the LLC with a level of assurance regarding the title's history, ensuring a smoother transition of ownership and protecting the LLC from unknown encumbrances or claims.
