This form is a Special Warranty Deed where the Grantor is a limited liability company and the Grantee is a non-profit corporation. 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.
Iowa Special Warranty Deed from an LLC to a Non-Profit Corporation
Category:
State:
Iowa
Control #:
IA-021-78
Format:
Word;
Rich Text
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Description Iowa Special Warranty Deed Form
Free preview Iowa Special Warranty Deed
How to fill out Iowa Special Warranty Deed From An LLC To A Non-Profit Corporation?
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FAQ
Retrieve your original deed. Get the appropriate deed form. Draft the deed. Sign the deed before a notary. Record the deed with the county recorder. Obtain the new original deed.
You must properly execute an Iowa deed to successfully transfer your property rights. A deed must be dated, and the property owner must sign it in the presence of a notary public. Signatures must be in an ink color that can be easily read and photocopied, such as black or dark blue.
In order to make the Warranty Deed legally binding, the Seller needs to sign it front of a notary public. Then signed and notarized deed must be filed at the city or county office for recording property documents. Before filing with this office all previously billed property taxes must be paid in full.
A warranty deed can be revoked. In most situations, the person signing the deed needs the cooperation of the person who received the deed to revoke it.If the deed was prepared for a property transfer as part of a typical sale, though, you probably will have to take legal action to revoke the deed.
Let's start with the definition of a deed: DEED: A written instrument by which one party, the Grantor, conveys the title of ownership in property to another party, the Grantee. A Warranty Deed contains promises, called covenants, that the Grantor makes to the Grantee.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title.The title would withstand third-party claims to ownership of the property. The grantor will do anything to ensure the grantee's title to the property.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating