Cary North Carolina Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee

State:
North Carolina
City:
Cary
Control #:
NC-SDEED-7
Format:
Word; 
Rich Text
Instant download

Description

This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC. A Cary North Carolina Warranty Deed from Limited Partnership or LLC is a legal document used when transferring real estate ownership between parties. In this scenario, either the Limited Partnership or the LLC serves as the Granter (seller) or the Grantee (buyer). This deed type provides a guarantee or warranty from the Granter that they own the property free and clear of any liens or encumbrances, and they have the right to transfer the title to the Grantee. There are several variations of the Cary North Carolina Warranty Deed from Limited Partnership or LLC: 1. General Warranty Deed: This type of deed ensures the highest level of protection for the Grantee. It guarantees that the Granter will defend the title against any claims that may arise from the chain of previous ownership. 2. Special Warranty Deed: This deed offers a more limited warranty compared to the General Warranty Deed. It assures the Grantee that the Granter will defend the title against any claims that may arise during the Granter's ownership period. However, it does not include any claims that might surface from previous owners. 3. Quitclaim Deed: This deed is sometimes used when the Granter is uncertain about the ownership rights or does not want to make any warranties to the Grantee. It transfers whatever interest or rights the Granter has in the property without any guarantees. When a Limited Partnership or LLC acts as the Granter in a Cary North Carolina Warranty Deed, it signifies that the property is being transferred from the entity's ownership to the Grantee's ownership. Conversely, if the Limited Partnership or LLC is the Grantee, it indicates that the property is being acquired by the entity. It is important for the Granter and Grantee to carefully review and understand the details of the Cary North Carolina Warranty Deed, including any additional provisions, restrictions, or covenants that may be included in the document. Consulting with a qualified real estate attorney is highly recommended ensuring a smooth and legally sound transfer of property ownership.

A Cary North Carolina Warranty Deed from Limited Partnership or LLC is a legal document used when transferring real estate ownership between parties. In this scenario, either the Limited Partnership or the LLC serves as the Granter (seller) or the Grantee (buyer). This deed type provides a guarantee or warranty from the Granter that they own the property free and clear of any liens or encumbrances, and they have the right to transfer the title to the Grantee. There are several variations of the Cary North Carolina Warranty Deed from Limited Partnership or LLC: 1. General Warranty Deed: This type of deed ensures the highest level of protection for the Grantee. It guarantees that the Granter will defend the title against any claims that may arise from the chain of previous ownership. 2. Special Warranty Deed: This deed offers a more limited warranty compared to the General Warranty Deed. It assures the Grantee that the Granter will defend the title against any claims that may arise during the Granter's ownership period. However, it does not include any claims that might surface from previous owners. 3. Quitclaim Deed: This deed is sometimes used when the Granter is uncertain about the ownership rights or does not want to make any warranties to the Grantee. It transfers whatever interest or rights the Granter has in the property without any guarantees. When a Limited Partnership or LLC acts as the Granter in a Cary North Carolina Warranty Deed, it signifies that the property is being transferred from the entity's ownership to the Grantee's ownership. Conversely, if the Limited Partnership or LLC is the Grantee, it indicates that the property is being acquired by the entity. It is important for the Granter and Grantee to carefully review and understand the details of the Cary North Carolina Warranty Deed, including any additional provisions, restrictions, or covenants that may be included in the document. Consulting with a qualified real estate attorney is highly recommended ensuring a smooth and legally sound transfer of property ownership.

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Cary North Carolina Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee