This form is a Warranty Deed where the grantor(s) and/or grantee(s) may be individuals, a limited partnership, or an LLC.
A Visalia California Warranty Deed is a legal document that transfers ownership of real property in Visalia, California from an individual, limited partnership, or LLC (Limited Liability Company) to another individual or entity. This type of deed provides assurance to the grantee (buyer) that the granter (seller) holds clear title to the property and guarantees protection against any possible claims or disputes made against the property's ownership. When an individual is the granter or grantee of the Warranty Deed, it means that the property is being transferred by or to a single person. This is a common scenario for residential properties, where an individual may sell their home or purchase one from another individual. In cases where a limited partnership is involved, the Warranty Deed will reflect the transfer of property by or to a partnership consisting of general and limited partners. This type of entity is often formed when multiple individuals come together to invest in real estate or business ventures. The Warranty Deed ensures that the property's ownership is properly transferred within the partnership or to a new owner. If an LLC is the granter or grantee of the Warranty Deed, it indicates that the property is being transferred by or to a Limited Liability Company. LCS are popular for real estate investment purposes as they provide liability protection to their members while allowing for flexible management structures. The Warranty Deed secures the transfer of property within the LLC or to an outside party. In summary, a Visalia California Warranty Deed can be categorized based on the type of entity involved in the property transfer, namely individuals, limited partnerships, and LCS. These deeds guarantee that the property being transferred has a valid and clear title, providing protection and peace of mind to the grantee.
