This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.
A Fulton Georgia Warranty Deed from a Limited Partnership or LLC refers to a legally binding document that transfers ownership of real property from the Limited Partnership or Limited Liability Company (LLC) to either the Granter or Grantee. This type of deed ensures that the Granter has the legal authority to transfer the property’s title and guarantees that the property is free from any liens or encumbrances, except for those specifically listed in the deed. Limited Partnership Deed: When a Limited Partnership serves as the Granter, it means the partnership is transferring the property title to the Grantee. A Limited Partnership typically consists of at least one general partner who assumes management responsibilities and unlimited personal liability, along with limited partners who contribute capital but have limited liability. The Limited Partnership Deed serves as proof of the transfer and provides assurance to the Grantee that the property is free from any claims or debts. Limited Liability Company (LLC) Deed: If an LLC is the Granter, it means that the LLC is transferring the property ownership to the Grantee. An LLC, as commonly known, is a flexible business structure that combines certain aspects of a corporation and a partnership. It offers limited liability protection to its members (owners) while allowing flexible management structures. The LLC Deed ensures a smooth and lawful transfer of property, safeguarding the interests of the Grantee. It is important to note that there can be variations within these types of deeds, depending on the specific circumstances or agreements between the Granter and Grantee. For example, a Fulton Georgia Warranty Deed may be specific to residential or commercial property, or it might include additional clauses or conditions that the Granter or Grantee may have agreed upon. Keywords: Fulton Georgia, Warranty Deed, Limited Partnership, LLC, Granter, Grantee, transfer of ownership, real property, property title, liens, encumbrances, Limited Partnership Deed, Limited Liability Company (LLC) Deed, limited liability, general partner, limited partner, LLC member.A Fulton Georgia Warranty Deed from a Limited Partnership or LLC refers to a legally binding document that transfers ownership of real property from the Limited Partnership or Limited Liability Company (LLC) to either the Granter or Grantee. This type of deed ensures that the Granter has the legal authority to transfer the property’s title and guarantees that the property is free from any liens or encumbrances, except for those specifically listed in the deed. Limited Partnership Deed: When a Limited Partnership serves as the Granter, it means the partnership is transferring the property title to the Grantee. A Limited Partnership typically consists of at least one general partner who assumes management responsibilities and unlimited personal liability, along with limited partners who contribute capital but have limited liability. The Limited Partnership Deed serves as proof of the transfer and provides assurance to the Grantee that the property is free from any claims or debts. Limited Liability Company (LLC) Deed: If an LLC is the Granter, it means that the LLC is transferring the property ownership to the Grantee. An LLC, as commonly known, is a flexible business structure that combines certain aspects of a corporation and a partnership. It offers limited liability protection to its members (owners) while allowing flexible management structures. The LLC Deed ensures a smooth and lawful transfer of property, safeguarding the interests of the Grantee. It is important to note that there can be variations within these types of deeds, depending on the specific circumstances or agreements between the Granter and Grantee. For example, a Fulton Georgia Warranty Deed may be specific to residential or commercial property, or it might include additional clauses or conditions that the Granter or Grantee may have agreed upon. Keywords: Fulton Georgia, Warranty Deed, Limited Partnership, LLC, Granter, Grantee, transfer of ownership, real property, property title, liens, encumbrances, Limited Partnership Deed, Limited Liability Company (LLC) Deed, limited liability, general partner, limited partner, LLC member.
