Cary North Carolina General Warranty Deed from two Individuals to LLC

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Cary
• Control #: NC-04-78
• Format: Word; Rich Text

Description

This Warranty Deed from two Individuals to LLC form is a Warranty Deed where the Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors. A General Warranty Deed is a legal document used in real estate transactions to transfer ownership rights from two individuals to a Limited Liability Company (LLC) in Cary, North Carolina. This type of deed guarantees that the granters (the individuals) have clear ownership of the property and will defend against any claims or encumbrances that might arise. In Cary, North Carolina, there are several types of General Warranty Deeds that can be used to transfer property ownership from individuals to an LLC. These may include: 1. Individual to LLC: This is the most common type of General Warranty Deed, where one or more individuals transfer their ownership rights to an LLC. It is essential to include all individual granters' names and the full legal name of the LLC as the grantee. 2. Joint Tenants with Right of Survivorship (TWOS) to LLC: In cases where two individuals jointly own a property with the right of survivorship, meaning if one of them passes away, the other automatically acquires full ownership, a General Warranty Deed can be used to transfer their joint ownership to an LLC. This ensures that the LLC becomes the new owner with the same survivorship rights. 3. Tenants in Common to LLC: When two or more individuals own a property as tenants in common, meaning each has a specific percentage of ownership that can be independently transferred or sold, a General Warranty Deed can be used to transfer their respective shares to an LLC. This deed ensures that the LLC becomes a new co-owner of the property, holding the same percentage of ownership as the individuals. The process of creating a Cary North Carolina General Warranty Deed from two individuals to an LLC involves several steps. Firstly, the deed must accurately identify the granters and the LLC as the grantee. It should include the full legal description of the property being transferred, including boundary details and any recorded plat or map references. Additionally, the deed must state the granters' intention to pass clear title to the LLC, guaranteeing that they have legal ownership rights and that the property is free from encumbrances, such as liens or legal claims. The deed should also include warranties of title, which promise that the granters will defend against any future claims that might arise against the property. To make the General Warranty Deed legally binding, it must be signed and notarized by the granters, indicating their voluntary consent to transfer ownership, and witnessed by a notary public. Following the execution of the deed, it should be recorded at the county recorder's office in Cary, North Carolina, to provide public notice of the ownership transfer. When dealing with real estate transactions, it is highly recommended consulting with a qualified attorney or a real estate professional familiar with Cary, North Carolina's laws and regulations regarding General Warranty Deeds. They can provide guidance and ensure that the transfer of property ownership is done accurately and in accordance with all legal requirements.

A General Warranty Deed is a legal document used in real estate transactions to transfer ownership rights from two individuals to a Limited Liability Company (LLC) in Cary, North Carolina. This type of deed guarantees that the granters (the individuals) have clear ownership of the property and will defend against any claims or encumbrances that might arise. In Cary, North Carolina, there are several types of General Warranty Deeds that can be used to transfer property ownership from individuals to an LLC. These may include: 1. Individual to LLC: This is the most common type of General Warranty Deed, where one or more individuals transfer their ownership rights to an LLC. It is essential to include all individual granters' names and the full legal name of the LLC as the grantee. 2. Joint Tenants with Right of Survivorship (TWOS) to LLC: In cases where two individuals jointly own a property with the right of survivorship, meaning if one of them passes away, the other automatically acquires full ownership, a General Warranty Deed can be used to transfer their joint ownership to an LLC. This ensures that the LLC becomes the new owner with the same survivorship rights. 3. Tenants in Common to LLC: When two or more individuals own a property as tenants in common, meaning each has a specific percentage of ownership that can be independently transferred or sold, a General Warranty Deed can be used to transfer their respective shares to an LLC. This deed ensures that the LLC becomes a new co-owner of the property, holding the same percentage of ownership as the individuals. The process of creating a Cary North Carolina General Warranty Deed from two individuals to an LLC involves several steps. Firstly, the deed must accurately identify the granters and the LLC as the grantee. It should include the full legal description of the property being transferred, including boundary details and any recorded plat or map references. Additionally, the deed must state the granters' intention to pass clear title to the LLC, guaranteeing that they have legal ownership rights and that the property is free from encumbrances, such as liens or legal claims. The deed should also include warranties of title, which promise that the granters will defend against any future claims that might arise against the property. To make the General Warranty Deed legally binding, it must be signed and notarized by the granters, indicating their voluntary consent to transfer ownership, and witnessed by a notary public. Following the execution of the deed, it should be recorded at the county recorder's office in Cary, North Carolina, to provide public notice of the ownership transfer. When dealing with real estate transactions, it is highly recommended consulting with a qualified attorney or a real estate professional familiar with Cary, North Carolina's laws and regulations regarding General Warranty Deeds. They can provide guidance and ensure that the transfer of property ownership is done accurately and in accordance with all legal requirements.