This form is a Warranty Deed where the Grantor is a limited liability company and the Grantees are husband and wife, or two individuals. Grantor conveys and warrants the described property to Grantee. This deed complies with all state statutory laws.
A Hennepin Minnesota Warranty Deed from LLC to Husband and Wife / Two Individuals is a legal document used to transfer ownership of real estate from a limited liability company (LLC) to a married couple or two individuals as joint owners. This type of deed offers a guarantee that the LLC, as the seller, possesses a clear title to the property and has the right to sell it. There are a few variations of Hennepin Minnesota Warranty Deeds that correspond to different circumstances and requirements: 1. General Warranty Deed: This is the most common type of warranty deed used in Hennepin County, Minnesota. It provides the highest level of protection to the buyers (husband and wife/two individuals) against any potential title issues or claims, both known and unknown, arising from prior owners. 2. Special Warranty Deed: This type of warranty deed only guarantees the title against any claims or encumbrances that may have occurred during the LLC's ownership of the property. It offers limited protection compared to a general warranty deed and covers only the LLC's period of ownership. 3. Quitclaim Deed: Unlike warranty deeds, a quitclaim deed does not provide any warranty or guarantee regarding the ownership status or title of the property. It simply transfers whatever interest the LLC holds (if any) to the couple or two individuals. This type of deed is typically used when the parties involved have a high level of trust or when the transfer is between family members. When completing a Hennepin Minnesota Warranty Deed from LLC to Husband and Wife / Two Individuals, certain information needs to be included: 1. LLC details: The full legal name of the LLC (granter), including its address and the state in which it is registered. 2. Couple/Individual details: The full names and addresses of the husband and wife/two individuals (grantees) who will be the new owners of the property. 3. Property description: A detailed description of the property being transferred, including its address, legal description, and any additional supportive information. 4. Consideration: The amount of consideration being provided by the husband and wife/two individuals as part of the purchase, although this may not be necessary if the transfer is a gift or part of a pre-existing agreement. 5. Signatures and notarization: The LLC representative authorized to convey the property (usually a manager or member) should sign the deed, and this signature needs to be notarized. Additionally, the husband and wife/two individuals also need to sign the deed, and their signatures may need notarization as well. It is essential to consult with a qualified attorney or real estate professional experienced in Hennepin County real estate transactions to ensure that the specific requirements and legalities of the warranty deed are properly fulfilled.
