This Warranty Deed from two Individuals to LLC form is a Warranty Deed where the Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and warrant 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.
In Phoenix, Arizona, a Warranty Deed from two Individuals to LLC is a legal document that facilitates the transfer of ownership of real property from two individuals to a Limited Liability Company (LLC). The warranty deed serves as a guarantee or promise by the sellers (the individuals) that they have legal ownership of the property and have the right to sell it to the LLC without any encumbrances. This type of deed is commonly used when individuals want to transfer a property they own jointly to an LLC, which may be formed for various purposes such as investment, real estate development, or business operations. The Warranty Deed offers certain protections to the buyer (the LLC) by warranting the title of the property and providing assurance that there are no undisclosed liens, claims, or competing ownership rights. There are different types of Warranty Deeds that can be used in Phoenix, Arizona, to transfer property from two individuals to an LLC. Some commonly known types include: 1. General Warranty Deed: This is the most comprehensive form of warranty deed, providing a broad set of guarantees and warranties by the sellers. It ensures that the sellers will defend the title against any claims arising from before or during their ownership. 2. Special Warranty Deed: This type of deed limits the warranties to claims that arose only during the sellers' ownership. It does not cover any potential claims against the property that may have existed prior to the sellers' ownership. 3. Quitclaim Deed: Unlike the warranty deeds, a quitclaim deed does not provide any warranties or guarantees about the property's title. It simply transfers whatever interest the sellers have in the property to the LLC, without making any claims about its legality or validity. It is crucial to carefully choose the type of Warranty Deed based on the circumstances and level of assurance required by the LLC. Consulting with a real estate attorney or professional is recommended to ensure the correct type of deed is executed.In Phoenix, Arizona, a Warranty Deed from two Individuals to LLC is a legal document that facilitates the transfer of ownership of real property from two individuals to a Limited Liability Company (LLC). The warranty deed serves as a guarantee or promise by the sellers (the individuals) that they have legal ownership of the property and have the right to sell it to the LLC without any encumbrances. This type of deed is commonly used when individuals want to transfer a property they own jointly to an LLC, which may be formed for various purposes such as investment, real estate development, or business operations. The Warranty Deed offers certain protections to the buyer (the LLC) by warranting the title of the property and providing assurance that there are no undisclosed liens, claims, or competing ownership rights. There are different types of Warranty Deeds that can be used in Phoenix, Arizona, to transfer property from two individuals to an LLC. Some commonly known types include: 1. General Warranty Deed: This is the most comprehensive form of warranty deed, providing a broad set of guarantees and warranties by the sellers. It ensures that the sellers will defend the title against any claims arising from before or during their ownership. 2. Special Warranty Deed: This type of deed limits the warranties to claims that arose only during the sellers' ownership. It does not cover any potential claims against the property that may have existed prior to the sellers' ownership. 3. Quitclaim Deed: Unlike the warranty deeds, a quitclaim deed does not provide any warranties or guarantees about the property's title. It simply transfers whatever interest the sellers have in the property to the LLC, without making any claims about its legality or validity. It is crucial to carefully choose the type of Warranty Deed based on the circumstances and level of assurance required by the LLC. Consulting with a real estate attorney or professional is recommended to ensure the correct type of deed is executed.
