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 warranty deed is a legal document used in Oakland, Michigan to transfer real estate ownership from two individuals to a Limited Liability Company (LLC). This type of deed guarantees that the individuals, known as granters, have full legal authority to sell the property to the LLC, known as the grantee, and that the property is free from any liens or encumbrances. Oakland County in Michigan offers three common types of warranty deeds when two individuals are transferring property ownership to an LLC: General Warranty Deed, Special Warranty Deed, and Quitclaim Deed. 1. General Warranty Deed: This is the most common type of warranty deed used in Oakland, Michigan. It provides the highest level of protection for the grantee, as it guarantees that the granter will defend the title against any claims. The granters assure that the property is free from any defects in title, both during their ownership and prior. This type of warranty deed offers the most comprehensive protection to the grantee, assuring them that they are receiving clear and marketable title. 2. Special Warranty Deed: A special warranty deed is another type of warranty deed used in Oakland, Michigan, but with a more limited scope. It guarantees that the granter will defend the title only against claims that arose during their period of ownership. This means that the grantee may not receive protection against any defects or claims that existed prior to the granters' ownership. Special warranty deeds are often used in commercial real estate transactions, where the granter may have had minimal or shorter ownership of the property. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is sometimes used when two individuals transfer property to an LLC in Oakland, Michigan. A quitclaim deed offers the least amount of protection to the grantee. It only transfers the granters' interest in the property without any warranty or guarantee of clear title. This means that the grantee accepts the property "as-is," assuming any existing liens, encumbrances, or claims against the property. Quitclaim deeds are often used in familial or informal transfers, where the granters and the grantee have a pre-existing relationship or understanding of the property's history. In conclusion, when two individuals are transferring property ownership to an LLC in Oakland, Michigan, they can use a General Warranty Deed, Special Warranty Deed, or Quitclaim Deed. The choice depends on the desired level of protection and the circumstances of the property transfer. It is advisable to consult with a real estate attorney or professional to determine the most appropriate warranty deed based on individual circumstances.A warranty deed is a legal document used in Oakland, Michigan to transfer real estate ownership from two individuals to a Limited Liability Company (LLC). This type of deed guarantees that the individuals, known as granters, have full legal authority to sell the property to the LLC, known as the grantee, and that the property is free from any liens or encumbrances. Oakland County in Michigan offers three common types of warranty deeds when two individuals are transferring property ownership to an LLC: General Warranty Deed, Special Warranty Deed, and Quitclaim Deed. 1. General Warranty Deed: This is the most common type of warranty deed used in Oakland, Michigan. It provides the highest level of protection for the grantee, as it guarantees that the granter will defend the title against any claims. The granters assure that the property is free from any defects in title, both during their ownership and prior. This type of warranty deed offers the most comprehensive protection to the grantee, assuring them that they are receiving clear and marketable title. 2. Special Warranty Deed: A special warranty deed is another type of warranty deed used in Oakland, Michigan, but with a more limited scope. It guarantees that the granter will defend the title only against claims that arose during their period of ownership. This means that the grantee may not receive protection against any defects or claims that existed prior to the granters' ownership. Special warranty deeds are often used in commercial real estate transactions, where the granter may have had minimal or shorter ownership of the property. 3. Quitclaim Deed: While not technically a warranty deed, a quitclaim deed is sometimes used when two individuals transfer property to an LLC in Oakland, Michigan. A quitclaim deed offers the least amount of protection to the grantee. It only transfers the granters' interest in the property without any warranty or guarantee of clear title. This means that the grantee accepts the property "as-is," assuming any existing liens, encumbrances, or claims against the property. Quitclaim deeds are often used in familial or informal transfers, where the granters and the grantee have a pre-existing relationship or understanding of the property's history. In conclusion, when two individuals are transferring property ownership to an LLC in Oakland, Michigan, they can use a General Warranty Deed, Special Warranty Deed, or Quitclaim Deed. The choice depends on the desired level of protection and the circumstances of the property transfer. It is advisable to consult with a real estate attorney or professional to determine the most appropriate warranty deed based on individual circumstances.
