This form is a General Warranty Deed where the Grantors are three individuals and the Grantee is a limited liability company. Grantors convey and generally warrant the described property to the Grantee. This deed complies with all state statutory laws.
A General Warranty Deed is a legal instrument used to transfer the ownership of real estate from three individuals to a Limited Liability Company (LLC) in Lakewood, Colorado. This document provides a detailed and comprehensive description of the transfer of property rights, ensuring that the LLC receives full ownership and protection against any prior claims or defects in the property title. In Lakewood, Colorado, there are two common types of General Warranty Deeds used when transferring property rights from three individuals to an LLC: 1. Individual to LLC General Warranty Deed: This type of deed is executed when three individual owners of real estate decide to transfer the property to a newly formed or existing LLC. The deed guarantees that the three individuals, known as granters, have legal ownership rights and convey them to the LLC, known as the grantee, free from any encumbrances or claims. 2. Joint Tenancy with Right of Survivorship to LLC General Warranty Deed: This type of deed is used when three individuals own the property as joint tenants with the right of survivorship. Upon the death of one joint tenant, the ownership rights automatically pass to the surviving joint tenants. In this case, the three individuals wish to transfer the property to an LLC while maintaining the same survivorship rights. The General Warranty Deed ensures that the LLC becomes the new owner, preserving the joint tenancy rights. The Lakewood Colorado General Warranty Deed — Three Individuals to a Limited Liability Company includes several essential elements: 1. Granters: The names and addresses of the three individuals transferring the property ownership to the LLC. 2. Grantee: The name and address of the LLC that will receive ownership rights. 3. Legal Description: A detailed description of the property, including its boundaries, size, and any other relevant identifiers. 4. Consideration: The price or payment agreed upon for the transfer. This can be a monetary amount or another form of consideration. 5. Warranties: The deed contains various warranties by the granters, such as: — Covenanbasinin: Thgrantersrs guarantee they have full legal ownership and the right to transfer the property. — Covenant of Quiet Enjoyment: Thgrantersrs assure that the grantee will not face any third-party claims to the property title. — Covenant of Further Assurances: Thgrantersrs agree to provide any additional documents or actions required to perfect the transfer of ownership. 6. Notary Acknowledgment: The deed must be signed by the granters in the presence of a notary public who acknowledges their signatures. 7. Recording Information: Once executed, the deed must be recorded with the appropriate county recorder's office to ensure it becomes part of the public record. In conclusion, the Lakewood Colorado General Warranty Deed — Three Individuals to a Limited Liability Company is a legal document that facilitates the transfer of property rights from three individuals to an LLC. It ensures that the LLC obtains full ownership while providing protection against any prior claims or defects in the property title. This deed comes in two common types: Individual to LLC and Joint Tenancy with Right of Survivorship to LLC, depending on the ownership structure.A General Warranty Deed is a legal instrument used to transfer the ownership of real estate from three individuals to a Limited Liability Company (LLC) in Lakewood, Colorado. This document provides a detailed and comprehensive description of the transfer of property rights, ensuring that the LLC receives full ownership and protection against any prior claims or defects in the property title. In Lakewood, Colorado, there are two common types of General Warranty Deeds used when transferring property rights from three individuals to an LLC: 1. Individual to LLC General Warranty Deed: This type of deed is executed when three individual owners of real estate decide to transfer the property to a newly formed or existing LLC. The deed guarantees that the three individuals, known as granters, have legal ownership rights and convey them to the LLC, known as the grantee, free from any encumbrances or claims. 2. Joint Tenancy with Right of Survivorship to LLC General Warranty Deed: This type of deed is used when three individuals own the property as joint tenants with the right of survivorship. Upon the death of one joint tenant, the ownership rights automatically pass to the surviving joint tenants. In this case, the three individuals wish to transfer the property to an LLC while maintaining the same survivorship rights. The General Warranty Deed ensures that the LLC becomes the new owner, preserving the joint tenancy rights. The Lakewood Colorado General Warranty Deed — Three Individuals to a Limited Liability Company includes several essential elements: 1. Granters: The names and addresses of the three individuals transferring the property ownership to the LLC. 2. Grantee: The name and address of the LLC that will receive ownership rights. 3. Legal Description: A detailed description of the property, including its boundaries, size, and any other relevant identifiers. 4. Consideration: The price or payment agreed upon for the transfer. This can be a monetary amount or another form of consideration. 5. Warranties: The deed contains various warranties by the granters, such as: — Covenanbasinin: Thgrantersrs guarantee they have full legal ownership and the right to transfer the property. — Covenant of Quiet Enjoyment: Thgrantersrs assure that the grantee will not face any third-party claims to the property title. — Covenant of Further Assurances: Thgrantersrs agree to provide any additional documents or actions required to perfect the transfer of ownership. 6. Notary Acknowledgment: The deed must be signed by the granters in the presence of a notary public who acknowledges their signatures. 7. Recording Information: Once executed, the deed must be recorded with the appropriate county recorder's office to ensure it becomes part of the public record. In conclusion, the Lakewood Colorado General Warranty Deed — Three Individuals to a Limited Liability Company is a legal document that facilitates the transfer of property rights from three individuals to an LLC. It ensures that the LLC obtains full ownership while providing protection against any prior claims or defects in the property title. This deed comes in two common types: Individual to LLC and Joint Tenancy with Right of Survivorship to LLC, depending on the ownership structure.
