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.
A Lansing Michigan Warranty Deed from two Individuals to LLC is a legally binding document that transfers the ownership of a property from two individuals to a limited liability company (LLC) while guaranteeing that the property is free from any defects or claims. This deed provides a clear title to the LLC, offering protection and assurance to the new owners. In Lansing Michigan, there are two primary types of Warranty Deed from two Individuals to LLC: 1. General Warranty Deed: A General Warranty Deed ensures the highest level of protection for the buyer. It guarantees that the two individuals transferring the property to the LLC have legal ownership rights and possess the authority to sell the property. Additionally, it stipulates that the property is free from any encumbrances, such as liens, mortgages, or other claims, that could jeopardize the LLC's ownership rights. 2. Special Warranty Deed: A Special Warranty Deed, also known as a Limited Warranty Deed, provides a lesser degree of protection compared to a General Warranty Deed. It assures the LLC that the individuals transferring the property have not caused any title defects or encumbrances during their ownership period. It only covers issues arising during the time the two individuals owned the property and does not protect against previous claims or defects. Key elements typically included in a Lansing Michigan Warranty Deed from two Individuals to LLC: 1. Identification of Parties: The deed starts by identifying the granters (the two individuals transferring the property) and the grantee (the LLC). 2. Property Description: Detailed information about the property being transferred, including its legal description, the physical address, and any other identifying factors. 3. Consideration: The amount or value exchanged for the property, usually stated as a monetary figure but can also be "for valuable consideration." 4. Covenants: The deed will contain specific covenants, which are legally binding promises made by the granters to the grantee and future owners. These covenants typically include a warranty against any defects, quiet enjoyment, further assurances, and a covenant of basin. 5. Signatures and Notarization: The granters must sign the deed, indicating their agreement to transfer the property to the LLC. The signatures must be notarized for validity. It's important to consult with a real estate attorney or professional to ensure compliance with Lansing Michigan's specific laws and regulations regarding Warranty Deeds from Individuals to LCS. This ensures a smooth transfer of ownership and reduces the risk of future disputes or title issues.
