This form is a Warranty Deed where the Grantor is a limited liability company and the Grantee is also a limited liability company. Grantor conveys and warrants the described property to the Grantee. This deed complies with all state statutory laws.
A warranty deed is an essential legal document used in real estate transactions to transfer ownership of a property from one party to another. In the case of Coral Springs, Florida, when a Limited Liability Company (LLC) transfers property ownership to another LLC, a Coral Springs Florida Warranty Deed from a Limited Liability Company to a Limited Liability Company is required. This type of transfer ensures that the property's title is clear of any legal issues or claims and guarantees the buyer that the property is being conveyed with a clean and marketable title. Key Features of a Coral Springs Florida Warranty Deed from a Limited Liability Company to a Limited Liability Company: 1. Property Description: The deed contains a detailed description of the property being transferred, including the legal description, address, and parcel number. This ensures that the correct property is being conveyed and is essential for future reference. 2. Granter and Grantee Information: The warranty deed identifies the LLC that currently owns the property (the granter) and the LLC that will become the new owner (the grantee). The deed includes their legal names, addresses, and any other necessary identification details. 3. Consideration: This section states the amount of money or any other form of consideration involved in the transfer. Consideration could be cash, property, services rendered, or any combination agreed upon between the parties involved in the transaction. 4. Warranties: The warranty deed includes various warranties that the granter provides to the grantee. These warranties ensure that the grantee receives a clear title to the property and that the granter will defend the title against any claims or disputes. The most common warranties are the covenant of basin (ensuring the granter has legal ownership of the property), the covenant of right to convey (ensuring the granter has the authority to sell the property), and the covenant against encumbrances (ensuring the property is free of liens or mortgages). 5. Signature and Notarization: The warranty deed must be signed by the granter(s) in the presence of a notary public. Notarization acts as an official confirmation that the signatures are genuine and ensures the transfer's legality. Types of Coral Springs Florida Warranty Deed from a Limited Liability Company to a Limited Liability Company: 1. General Warranty Deed: This type of warranty deed provides the broadest level of protection to the grantee. It guarantees the grantee against any title defects, liens, or encumbrances that arose before or during the granter's ownership. 2. Special Warranty Deed: This warranty deed only guarantees the grantee against defects, liens, or encumbrances that occurred during the granter's ownership. It does not offer protection against any issues that may have existed before the granter acquired the property. In conclusion, a Coral Springs Florida Warranty Deed from a Limited Liability Company to a Limited Liability Company is a legal document used to transfer property ownership with the assurance of a clear and marketable title. It affords protection and security to the buyer, ensuring that the property is free from any outstanding claims or disputes. By understanding the content and types of warranty deeds, parties involved in real estate transactions can make informed decisions while safeguarding their interests.
