This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.
A Tempe Arizona Warranty Deed from Limited Partnership or LLC is a legal document that establishes the transfer of real property rights from a limited partnership or limited liability company (LLC) to another party, referred to as the granter or grantee. This deed provides a guarantee or warranty that the property being transferred is free from any encumbrances or claims, except as explicitly stated in the deed. One type of warranty deed involving a limited partnership is the General Warranty Deed. In this case, the limited partnership, acting as the granter, grants full ownership rights and warranties to the property. This means that if any issues arise regarding the title or ownership of the property, the grantee has legal recourse to seek compensation from the limited partnership. Another type of warranty deed involving an LLC is the Special Warranty Deed. Under this arrangement, the LLC, as the granter, guarantees the title to the property only for the duration when the LLC held ownership. It means that the granter acknowledges any encumbrances or claims that may exist prior to their ownership but does not assume responsibility for any future issues that may arise. The Tempe Arizona Warranty Deed from Limited Partnership or LLC includes essential details such as the legal description of the property, the names of the granter and grantee, the consideration or payment exchanged for the property, and any relevant terms or conditions. The document is typically notarized and filed with the county recorder's office to provide a public record of the property transfer. In summary, a Tempe Arizona Warranty Deed from Limited Partnership or LLC is a legally binding document that facilitates the transfer of real property rights from a limited partnership or LLC to another party. It provides assurances to the grantee regarding the ownership and title of the property, ensuring that it is free of encumbrances or claims. Different types of warranty deeds, such as General Warranty Deeds and Special Warranty Deeds, may be used depending on the extent of the guarantee provided by the granter.A Tempe Arizona Warranty Deed from Limited Partnership or LLC is a legal document that establishes the transfer of real property rights from a limited partnership or limited liability company (LLC) to another party, referred to as the granter or grantee. This deed provides a guarantee or warranty that the property being transferred is free from any encumbrances or claims, except as explicitly stated in the deed. One type of warranty deed involving a limited partnership is the General Warranty Deed. In this case, the limited partnership, acting as the granter, grants full ownership rights and warranties to the property. This means that if any issues arise regarding the title or ownership of the property, the grantee has legal recourse to seek compensation from the limited partnership. Another type of warranty deed involving an LLC is the Special Warranty Deed. Under this arrangement, the LLC, as the granter, guarantees the title to the property only for the duration when the LLC held ownership. It means that the granter acknowledges any encumbrances or claims that may exist prior to their ownership but does not assume responsibility for any future issues that may arise. The Tempe Arizona Warranty Deed from Limited Partnership or LLC includes essential details such as the legal description of the property, the names of the granter and grantee, the consideration or payment exchanged for the property, and any relevant terms or conditions. The document is typically notarized and filed with the county recorder's office to provide a public record of the property transfer. In summary, a Tempe Arizona Warranty Deed from Limited Partnership or LLC is a legally binding document that facilitates the transfer of real property rights from a limited partnership or LLC to another party. It provides assurances to the grantee regarding the ownership and title of the property, ensuring that it is free of encumbrances or claims. Different types of warranty deeds, such as General Warranty Deeds and Special Warranty Deeds, may be used depending on the extent of the guarantee provided by the granter.
