This form is a General Warranty Deed where the Grantors are three individuals and the Grantee is a limited liability company. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A Fort Worth Texas General Warranty Deed — Three Individuals to a Limited Liability Company is a legal document used to transfer ownership of real estate from three individuals to a limited liability company (LLC). This type of deed provides a guarantee to the LLC and any subsequent buyers that the property is free from any undisclosed encumbrances, liens, or claims to title. It ensures that the three individuals have clear and marketable title to the property and are granting the same to the LLC. The Fort Worth Texas General Warranty Deed includes the following essential elements: 1. Identification of the Granters: It identifies the three individuals (referred to as granters) who currently own the property and are transferring it to the LLC. This includes their legal names, addresses, and any other pertinent information for identification purposes. 2. Identification of the Grantee: It identifies the LLC (referred to as the grantee), by stating its legal name, address, and any other relevant information. 3. Property Description: It provides a detailed description of the property being transferred, including its physical address, boundaries, and any other necessary information to ensure accurate identification. 4. Consideration: It specifies the amount or value of consideration (payment) exchanged for the transfer of the property. 5. Covenants: The General Warranty Deed typically includes various covenants that provide assurances to the grantee. These covenants include: a) Covenant of Basin: Guarantees that the granters have lawful ownership of the property and the right to convey it to the LLC. b) Covenant of Quiet Enjoyment: Ensures that the LLC will not be disturbed in their ownership and possession of the property by any third-party claims or encumbrances. c) Covenant Against Encumbrances: Assures that the property is free from any undisclosed encumbrances or liens except those specifically stated in the deed. d) Covenant of Warranty: Promises that the granters will defend the title against any lawful claims and will compensate the grantee for any losses suffered due to a defect in the title. There may be variations of the Fort Worth Texas General Warranty Deed — Three Individuals to a Limited Liability Company, depending on specific circumstances or the preferences of the parties involved. These variations may include additional provisions, special conditions, or modifications to the covenants mentioned above. It is essential to review the specific deed being used to ensure it meets the requirements and preferences of the parties involved.A Fort Worth Texas General Warranty Deed — Three Individuals to a Limited Liability Company is a legal document used to transfer ownership of real estate from three individuals to a limited liability company (LLC). This type of deed provides a guarantee to the LLC and any subsequent buyers that the property is free from any undisclosed encumbrances, liens, or claims to title. It ensures that the three individuals have clear and marketable title to the property and are granting the same to the LLC. The Fort Worth Texas General Warranty Deed includes the following essential elements: 1. Identification of the Granters: It identifies the three individuals (referred to as granters) who currently own the property and are transferring it to the LLC. This includes their legal names, addresses, and any other pertinent information for identification purposes. 2. Identification of the Grantee: It identifies the LLC (referred to as the grantee), by stating its legal name, address, and any other relevant information. 3. Property Description: It provides a detailed description of the property being transferred, including its physical address, boundaries, and any other necessary information to ensure accurate identification. 4. Consideration: It specifies the amount or value of consideration (payment) exchanged for the transfer of the property. 5. Covenants: The General Warranty Deed typically includes various covenants that provide assurances to the grantee. These covenants include: a) Covenant of Basin: Guarantees that the granters have lawful ownership of the property and the right to convey it to the LLC. b) Covenant of Quiet Enjoyment: Ensures that the LLC will not be disturbed in their ownership and possession of the property by any third-party claims or encumbrances. c) Covenant Against Encumbrances: Assures that the property is free from any undisclosed encumbrances or liens except those specifically stated in the deed. d) Covenant of Warranty: Promises that the granters will defend the title against any lawful claims and will compensate the grantee for any losses suffered due to a defect in the title. There may be variations of the Fort Worth Texas General Warranty Deed — Three Individuals to a Limited Liability Company, depending on specific circumstances or the preferences of the parties involved. These variations may include additional provisions, special conditions, or modifications to the covenants mentioned above. It is essential to review the specific deed being used to ensure it meets the requirements and preferences of the parties involved.
