This form is a Special Warranty Deed where the Grantor is a limited liability company and the Grantee is a limited liability company. Grantor conveys and specially warrants the described property to the Grantee. The Grantor will only warrant and defend the property as to claims of persons claiming by, through or under Grantors, but not otherwise. This deed complies with all state statutory laws.
A Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company refers to a legal document that facilitates the transfer of real estate ownership from one limited liability company (LLC) to another LLC in Chicago, Illinois. This type of deed ensures that the seller (transferor) offers a limited warranty of title, guaranteeing that they have not committed any actions that may have resulted in defects in the title during their ownership, except for those explicitly mentioned in the deed. Therefore, the deed provides more protection and assurance to the buyer (transferee) than a general warranty deed, which guarantees against all defects, even those from previous owners. When using a Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company, it is crucial that both the transferor and transferee are organized as LCS. The exact language and format of the deed may vary depending on the specific requirements in Chicago and Illinois. Minor differences may exist in terms of formatting or wording, but the basic structure and intent of the deed remain the same. It is important to note that there are no specific variations or subtypes of the Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company. However, there may be other types of special warranty deeds used for transfers between different entities, such as individuals or corporations, in addition to different types of deeds that may be used in Chicago and Illinois for various purposes, such as quitclaim deeds or warranty deeds for residential or commercial properties. Overall, the Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company is a legal instrument designed to effectively transfer real estate ownership from one LLC to another in Chicago, Illinois, providing limited protection against defects in the title arising from the seller's actions during their period of ownership.A Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company refers to a legal document that facilitates the transfer of real estate ownership from one limited liability company (LLC) to another LLC in Chicago, Illinois. This type of deed ensures that the seller (transferor) offers a limited warranty of title, guaranteeing that they have not committed any actions that may have resulted in defects in the title during their ownership, except for those explicitly mentioned in the deed. Therefore, the deed provides more protection and assurance to the buyer (transferee) than a general warranty deed, which guarantees against all defects, even those from previous owners. When using a Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company, it is crucial that both the transferor and transferee are organized as LCS. The exact language and format of the deed may vary depending on the specific requirements in Chicago and Illinois. Minor differences may exist in terms of formatting or wording, but the basic structure and intent of the deed remain the same. It is important to note that there are no specific variations or subtypes of the Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company. However, there may be other types of special warranty deeds used for transfers between different entities, such as individuals or corporations, in addition to different types of deeds that may be used in Chicago and Illinois for various purposes, such as quitclaim deeds or warranty deeds for residential or commercial properties. Overall, the Chicago Illinois Special Warranty Deed — Limited Liability Company to Limited Liability Company is a legal instrument designed to effectively transfer real estate ownership from one LLC to another in Chicago, Illinois, providing limited protection against defects in the title arising from the seller's actions during their period of ownership.
