This form is a Warranty Deed where the grantor(s) and/or grantee(s) may be individuals, a limited partnership, or an LLC.
A Pomona California Warranty Deed is a legal document used in real estate transactions to transfer ownership of a property from an individual, limited partnership, or limited liability company (LLC) to another party. The warranty deed guarantees that the Granter (the seller) holds clear and marketable title to the property and includes certain covenants and warranties, ensuring the Granter's legal right to sell and defend the property. There are different variations of the Pomona California Warranty Deed depending on the type of entity serving as the Granter or Grantee. These variations include: 1. Individual to Individual Warranty Deed: This type of warranty deed is used when an individual is selling or transferring ownership of a property to another individual. It assures the Grantee that the Granter has the legal right to sell the property and guarantees the title against any claims or encumbrances other than those disclosed in the deed. 2. Limited Partnership to Individual Warranty Deed: When a limited partnership entity is the Granter, this warranty deed conveys the property's ownership to an individual. It provides a guarantee that the limited partnership has the power and authority to sell the property and that the property title is clear of any undisclosed claims or encumbrances. 3. Limited Liability Company to Individual Warranty Deed: This type of warranty deed is utilized when a limited liability company (LLC) is the Granter, and it transfers the property to an individual. The deed guarantees that the LLC has the legal capacity to sell the property and ensures that the property title is free from any hidden claims or encumbrances. 4. Individual to Limited Partnership Warranty Deed: In this scenario, an individual is the Granter, and a limited partnership is the Grantee. The warranty deed guarantees that the Granter holds clear title to the property and conveys the ownership to the limited partnership, protecting them against any undisclosed claims or encumbrances. 5. Individual to Limited Liability Company Warranty Deed: This warranty deed is used when an individual is the Granter, and a limited liability company (LLC) is the Grantee. It guarantees that the Granter has the legal right to sell the property and transfers ownership to the LLC, ensuring that the property title is clear and free from any undisclosed claims or encumbrances. Pomona California Warranty Deeds play a crucial role in establishing and securing property rights between individuals, limited partnerships, and limited liability companies. It is essential to consult with a qualified legal professional or real estate agent to ensure the proper execution and understanding of the warranty deed to protect the rights and interests of all parties involved in the transaction.
