This Warranty Deed from two Individuals to LLC form is a Warranty Deed where the Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
Keywords: Cedar Rapids Iowa, warranty deed, two individuals, LLC, types A Cedar Rapids Iowa warranty deed from two individuals to an LLC is a legal document used to transfer ownership of property from one or more individuals (granters) to a limited liability company (grantee) in Cedar Rapids, Iowa. This type of deed provides a guarantee or warranty that the granters have clear and marketable title to the property and that they have the legal right to sell it. There are several types of Cedar Rapids Iowa warranty deeds depending on the specific circumstances and requirements. Some of these include: 1. General Warranty Deed: This is the most common type of warranty deed used in Cedar Rapids, Iowa. It guarantees that the granters have clear title to the property and will defend it against any claims or challenges. 2. Special Warranty Deed: This type of deed only guarantees that the granters have not encumbered the property during their ownership. It does not provide protection against claims or encumbrances that may have existed prior to their ownership. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is sometimes used in these situations. It transfers whatever interest the granters may have in the property to the LLC but does not provide any warranty or guarantee of clear title. The Cedar Rapids Iowa warranty deed from two individuals to an LLC typically includes key information such as: — Full legal description of the property, including lot numbers, boundaries, and any easements or encumbrances. — Identification of thgrantersrs (individuals) and the grantee (LLC) with their full names, addresses, and contact information. — Statement of consideration, which is the amount of money or value exchanged in the transaction. — Covenanbasinin, which states that the granters have legal ownership and the right to sell the property. — Covenant against encumbrances, which confirms that there are no liens or other claims on the property, except those specifically mentioned in the deed. — Indemnity clause, which provides a guarantee by the granters to defend the grantee against any legal challenges to the title. — Notarization and signatures of all parties involved. It is important to consult with an attorney or a real estate professional familiar with Cedar Rapids, Iowa laws to draft and execute the appropriate type of warranty deed based on the specific circumstances and requirements of the transaction.
