This form is a Warranty Deed where the grantor(s) and/or grantee(s) may be individuals, a limited partnership, or an LLC.
A Daly City California Warranty Deed is a legal document that transfers ownership of real property from an individual, limited partnership, or limited liability company (LLC) to another party, known as the grantee. This type of deed guarantees that the granter (the individual, limited partnership, or LLC) has the legal right to sell the property and will defend the grantee against any potential claims on the property. There are different variations of Daly City California Warranty Deeds depending on who is the granter or grantee: 1. Individual Granter: When an individual is the granter, they are typically the sole owner of the property and are transferring the ownership to the grantee. This type of deed is commonly used in situations such as selling a home, gifting property, or transferring ownership between family members. 2. Limited Partnership Granter: A limited partnership is a business entity that consists of at least one general partner who controls the operations and assumes personal liability, and one or more limited partners who invest capital but have limited liability. In this case, the limited partnership serves as the granter, transferring ownership of the property to the grantee. This type of deed is often used when a limited partnership decides to sell or transfer a jointly-owned property. 3. LLC Granter: An LLC is a popular business structure that provides limited liability protection to its owners, known as members. When an LLC serves as the granter, it means that the property is owned by the LLC, and the LLC is transferring ownership to the grantee. LCS are commonly used for real estate investments or holding properties, and a warranty deed ensures a smooth transfer of ownership. In all these variations, the Daly City California Warranty Deed provides a guarantee that the granter holds clear and marketable title to the property, meaning there are no undisclosed liens, encumbrances, or claims against the property. The deed also promises that the granter will defend the grantee from any future claims on the property arising from the granter's actions. Keywords: Daly City California, Warranty Deed, Individual, Limited Partnership, LLC, Granter, Grantee, ownership, real property, legal document, transfer, defend, claims, variations.A Daly City California Warranty Deed is a legal document that transfers ownership of real property from an individual, limited partnership, or limited liability company (LLC) to another party, known as the grantee. This type of deed guarantees that the granter (the individual, limited partnership, or LLC) has the legal right to sell the property and will defend the grantee against any potential claims on the property. There are different variations of Daly City California Warranty Deeds depending on who is the granter or grantee: 1. Individual Granter: When an individual is the granter, they are typically the sole owner of the property and are transferring the ownership to the grantee. This type of deed is commonly used in situations such as selling a home, gifting property, or transferring ownership between family members. 2. Limited Partnership Granter: A limited partnership is a business entity that consists of at least one general partner who controls the operations and assumes personal liability, and one or more limited partners who invest capital but have limited liability. In this case, the limited partnership serves as the granter, transferring ownership of the property to the grantee. This type of deed is often used when a limited partnership decides to sell or transfer a jointly-owned property. 3. LLC Granter: An LLC is a popular business structure that provides limited liability protection to its owners, known as members. When an LLC serves as the granter, it means that the property is owned by the LLC, and the LLC is transferring ownership to the grantee. LCS are commonly used for real estate investments or holding properties, and a warranty deed ensures a smooth transfer of ownership. In all these variations, the Daly City California Warranty Deed provides a guarantee that the granter holds clear and marketable title to the property, meaning there are no undisclosed liens, encumbrances, or claims against the property. The deed also promises that the granter will defend the grantee from any future claims on the property arising from the granter's actions. Keywords: Daly City California, Warranty Deed, Individual, Limited Partnership, LLC, Granter, Grantee, ownership, real property, legal document, transfer, defend, claims, variations.
