This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is a limited liability company. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Lee's Summit Missouri Special Warranty Deed is a legal document that transfers ownership of real estate property from one person to another, while providing certain guarantees regarding the title of the property. This type of deed is commonly used in Lee's Summit, Missouri, and it offers specific protections to the buyer. The Special Warranty Deed is different from other types of deeds, such as a General Warranty Deed or Quitclaim Deed. While the General Warranty Deed provides the broadest level of protection, the Special Warranty Deed offers a more limited guarantee. One important feature of the Lee's Summit Missouri Special Warranty Deed is that it only guarantees the title against defects or claims that may have arisen during the time the seller owned the property. This means that the seller is not responsible for any potential issues that might have occurred prior to their ownership. However, it does not protect against any future claims or encumbrances. By using a Special Warranty Deed, the seller is assuring the buyer that they have not done anything to cause harm to the title, but they are not guaranteeing its history before their ownership. This type of deed is useful in situations where the seller is confident about their ownership history and wants to limit their liability. It is worth noting that there can be variations of the Lee's Summit Missouri Special Warranty Deed. These variations may include specific provisions or clauses tailored to meet the needs of the parties involved. Some common variations include: 1. Limited Special Warranty Deed: This type of deed may offer even more limited protections than a standard Special Warranty Deed, providing warranties only against specific claims or defects stated in the deed. 2. Special Warranty Deed with Covenants: This variation may include additional covenants or promises from the seller, such as guaranteeing against encumbrances or ensuring that the property is free from undisclosed liens. 3. Special Warranty Deed for Commercial Property: This type of Special Warranty Deed may have specific provisions geared towards commercial real estate transactions, addressing issues such as zoning restrictions or environmental concerns. In conclusion, a Lee's Summit Missouri Special Warranty Deed is a legal document used for the transfer of real estate ownership, with limited guarantees regarding the title. While it provides certain protections to the buyer, it differs from other types of deeds and may have variations with additional provisions based on the specific transaction or property.A Lee's Summit Missouri Special Warranty Deed is a legal document that transfers ownership of real estate property from one person to another, while providing certain guarantees regarding the title of the property. This type of deed is commonly used in Lee's Summit, Missouri, and it offers specific protections to the buyer. The Special Warranty Deed is different from other types of deeds, such as a General Warranty Deed or Quitclaim Deed. While the General Warranty Deed provides the broadest level of protection, the Special Warranty Deed offers a more limited guarantee. One important feature of the Lee's Summit Missouri Special Warranty Deed is that it only guarantees the title against defects or claims that may have arisen during the time the seller owned the property. This means that the seller is not responsible for any potential issues that might have occurred prior to their ownership. However, it does not protect against any future claims or encumbrances. By using a Special Warranty Deed, the seller is assuring the buyer that they have not done anything to cause harm to the title, but they are not guaranteeing its history before their ownership. This type of deed is useful in situations where the seller is confident about their ownership history and wants to limit their liability. It is worth noting that there can be variations of the Lee's Summit Missouri Special Warranty Deed. These variations may include specific provisions or clauses tailored to meet the needs of the parties involved. Some common variations include: 1. Limited Special Warranty Deed: This type of deed may offer even more limited protections than a standard Special Warranty Deed, providing warranties only against specific claims or defects stated in the deed. 2. Special Warranty Deed with Covenants: This variation may include additional covenants or promises from the seller, such as guaranteeing against encumbrances or ensuring that the property is free from undisclosed liens. 3. Special Warranty Deed for Commercial Property: This type of Special Warranty Deed may have specific provisions geared towards commercial real estate transactions, addressing issues such as zoning restrictions or environmental concerns. In conclusion, a Lee's Summit Missouri Special Warranty Deed is a legal document used for the transfer of real estate ownership, with limited guarantees regarding the title. While it provides certain protections to the buyer, it differs from other types of deeds and may have variations with additional provisions based on the specific transaction or property.
