This Warranty Deed from Individual to LLC form is a Warranty Deed where the grantor is an individual and the grantee is a limited liability company. Grantor conveys and warrants 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 Grand Rapids Michigan Warranty Deed from Individual to LLC is a legally binding document used to transfer ownership of real estate from an individual to a limited liability company (LLC) in the city of Grand Rapids, Michigan. This type of deed ensures that the individual granting the deed, known as the granter, guarantees that they hold clear and marketable title of the property and has the legal capacity to transfer ownership to the LLC. The Grand Rapids Michigan Warranty Deed from Individual to LLC is a vital legal instrument that outlines the specific details of the property transfer, such as the legal description of the property, the names of both the granter and the LLC, as well as other important terms and conditions related to the transfer. There are several variations of the Grand Rapids Michigan Warranty Deed from Individual to LLC, including: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee (LLC) as it guarantees that the property title is free from any defects or encumbrances, both present and those that may arise in the future. 2. Limited Warranty Deed: This deed also guarantees that the granter holds clear title to the property, but with a limited scope. The granter only guarantees against any defects or encumbrances that occurred during their ownership and not before. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed is sometimes used to transfer property from an individual to an LLC. However, it does not provide any guarantees or warranties about the title. It simply transfers whatever interest the granter has in the property to the LLC. It is crucial to consult with a qualified attorney or real estate professional to determine the most appropriate type of warranty deed based on the specific circumstances of the property transfer. Understanding the various types mentioned above will help ensure that the necessary protections and guarantees are in place during the transfer process.
