This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is a limited liability company. 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 Bronx New York Special Warranty Deed from an Individual to a Limited Liability Company is a legal document that signifies the transfer of ownership of a property located in the Bronx, New York, from an individual to a limited liability company (LLC). This type of deed includes specific provisions and guarantees that protect the buyer's interest in the property. The Special Warranty Deed is a widely used and recognized legal instrument in the real estate industry, providing essential information about the property's title and ownership transfer. This deed offers a limited guarantee by the granter (individual) that they have not encumbered the property during their ownership, except for any liabilities that may have arisen during their period of ownership. Here are different types or variations of Bronx New York Special Warranty Deeds from an Individual to an LLC: 1. Individual to Multi-Member LLC: This type of Special Warranty Deed is applicable when the property is being transferred from an individual to an LLC with multiple owners or members. The transfer of ownership may occur for various reasons, such as asset protection, tax advantages, or business planning. 2. Individual to Single-Member LLC: In this case, the Special Warranty Deed is used to transfer the property from an individual to an LLC with only one member or owner. This type of LLC is often chosen for real estate investment purposes, as it offers liability protection while maintaining the simplicity of a sole proprietorship. 3. Individual, as Trustee, to LLC: Sometimes, an individual may hold a property as a trustee of a trust. In such cases, a Special Warranty Deed is required to transfer the property from the individual acting as a trustee to an LLC. This type of arrangement is commonly seen in estate planning or asset protection strategies. 4. Individual, as Executor, to LLC: When a property is part of an estate, and an individual is acting as an executor or administrator, they can transfer the property to an LLC using a Special Warranty Deed. This type of transfer ensures proper distribution and management of the property in accordance with the deceased's estate plan. In all these types of Special Warranty Deeds, the essential elements include a detailed description of the property being transferred, the names and addresses of the individual granter and LLC grantee, a clear statement indicating that the granter is conveying the property, and any stipulations or restrictions that may accompany the transfer. It is important for both the individual granter and the LLC grantee to consult with legal professionals experienced in real estate transactions to ensure compliance with local laws and regulations. Using a Special Warranty Deed helps protect the buyer's interests and establishes a clear transfer of ownership, providing a solid foundation for future property transactions and management.A Bronx New York Special Warranty Deed from an Individual to a Limited Liability Company is a legal document that signifies the transfer of ownership of a property located in the Bronx, New York, from an individual to a limited liability company (LLC). This type of deed includes specific provisions and guarantees that protect the buyer's interest in the property. The Special Warranty Deed is a widely used and recognized legal instrument in the real estate industry, providing essential information about the property's title and ownership transfer. This deed offers a limited guarantee by the granter (individual) that they have not encumbered the property during their ownership, except for any liabilities that may have arisen during their period of ownership. Here are different types or variations of Bronx New York Special Warranty Deeds from an Individual to an LLC: 1. Individual to Multi-Member LLC: This type of Special Warranty Deed is applicable when the property is being transferred from an individual to an LLC with multiple owners or members. The transfer of ownership may occur for various reasons, such as asset protection, tax advantages, or business planning. 2. Individual to Single-Member LLC: In this case, the Special Warranty Deed is used to transfer the property from an individual to an LLC with only one member or owner. This type of LLC is often chosen for real estate investment purposes, as it offers liability protection while maintaining the simplicity of a sole proprietorship. 3. Individual, as Trustee, to LLC: Sometimes, an individual may hold a property as a trustee of a trust. In such cases, a Special Warranty Deed is required to transfer the property from the individual acting as a trustee to an LLC. This type of arrangement is commonly seen in estate planning or asset protection strategies. 4. Individual, as Executor, to LLC: When a property is part of an estate, and an individual is acting as an executor or administrator, they can transfer the property to an LLC using a Special Warranty Deed. This type of transfer ensures proper distribution and management of the property in accordance with the deceased's estate plan. In all these types of Special Warranty Deeds, the essential elements include a detailed description of the property being transferred, the names and addresses of the individual granter and LLC grantee, a clear statement indicating that the granter is conveying the property, and any stipulations or restrictions that may accompany the transfer. It is important for both the individual granter and the LLC grantee to consult with legal professionals experienced in real estate transactions to ensure compliance with local laws and regulations. Using a Special Warranty Deed helps protect the buyer's interests and establishes a clear transfer of ownership, providing a solid foundation for future property transactions and management.
