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North Carolina General Warranty Deed from Individual to LLC

Nc Llc

Name: North Carolina General Warranty Deed from Individual to LLC
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.57 (349 reviews)

Category:

North Carolina Real Estate - Deeds - Warranty

State:

North Carolina

Control #:

NC-07-78

Format:

Instant download

Description Individual Llc Form

This Warranty Deed from Individual to LLC form is a Warranty Deed where the grantor is an individual and the grantee is a limited liability company. Grantor conveys and warrants 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.

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North Carolina Warranty Deed Form Form Rating

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Llc Limited Liability Form popularity

Nc Llc Application Other Form Names

Limited Liability Company Agreement North Carolina Warranty Deed Pdf Deed Liability Company North Carolina Llc Agreement Nc Deed Company North Carolina Llc Application North Carolina Llc Company

North Carolina Llc File FAQ

A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.

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.

However, there are substantial downsides associated with transferring your primary home into an LLC.If you are using your personal residence for estate planning purposes, a qualified personal residence trust (QPRT) may be more effective than transferring your property to a limited liability company.

They are (1) covenant for seisin; (2) covenant of the right to convey; (3) covenant against encumbrances; (4) covenant for QUIET ENJOYMENT; (5) covenant of general WARRANTY; and (6) covenant for further assurances.

A general warranty deed covers the property's entire history. It guarantees the property is free-and-clear from defects or encumbrances, no matter when they happened or under whose ownership.With a special warranty deed, the guarantee covers only the period when the seller held title to the property.

The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.

The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.

The North Carolina general warranty deed is used to transfer property in North Carolina from one person to another legally. A warranty deed comes with a guarantee from the seller that the property has clear title.

A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.

Nc Llc

Description Individual Llc Form

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North Carolina Warranty Deed Form Form Rating

Llc Limited Liability Form popularity

Nc Llc Application Other Form Names

North Carolina Llc File FAQ

Why would someone have a special warranty deed?

Who keeps original warranty deed?

Can I transfer my primary residence to an LLC?

What are the five warranties in a general warranty deed?

What is the difference between warranty deed and general warranty deed?

Who keeps the original deed?

What are the requirements of a general warranty deed?

What is a general warranty deed in North Carolina?

Is a general warranty deed the same as a deed?

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Nc Llc

Description Individual Llc Form

Llc Limited Liability Company Related forms

Related legal definitions

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How to fill out North Carolina Warranty Deed?

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