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 Sterling Heights Michigan Warranty Deed from two Individuals to LLC is a legal document that transfers the ownership of a property from two individuals to a limited liability company (LLC) in Sterling Heights, Michigan. This type of deed provides a guarantee or warranty to the LLC that the property is free from any title defects or claims. The two individuals, known as granters, willingly transfer their ownership rights and interests in the property to the LLC, referred to as the grantee. The LLC becomes the new owner and assumes all responsibilities and liabilities associated with the property. There are different variations of Sterling Heights Michigan Warranty Deed from two Individuals to LLC, including: 1. General Warranty Deed: This type of deed provides the highest level of guarantee to the LLC. It assures that the granters have full authority to sell the property and that there are no encumbrances or title defects except those mentioned in the deed. 2. Special Warranty Deed: In this deed, the granters provide a limited warranty of title. It guarantees that the granters have not caused any title defects during their ownership, but it doesn't protect against defects that may have existed before their ownership. 3. Quitclaim Deed: This type of deed offers no warranties or guarantees to the LLC. It simply transfers the granters' interests in the property to the LLC without any assurance of clear title. This is typically used when the granters are unsure about the status of the title or when there is a pre-existing relationship between the granters and the LLC. When executing a Sterling Heights Michigan Warranty Deed from two Individuals to LLC, it is essential to involve a real estate attorney or a title company to ensure the legality, accuracy, and completeness of the document. The document should include a clear legal description of the property, the names and contact information of the granters and the LLC, and be signed and notarized by all parties involved. Transferring a property through a warranty deed is an important step in establishing the LLC's ownership rights and protecting it from potential title issues. It provides the LLC with the confidence and security that the property is being transferred with a clean and marketable title.
