This form is a Warranty Deed where the Grantor is a limited liability company and the Grantee is a limited liability company. Grantor conveys and warrants the described property to the Grantee. This deed complies with all state statutory laws.
Lee's Summit Missouri Warranty Deed from a Limited Liability Company to a Limited Liability Company is a legal document that transfers the ownership of real property from one LLC to another LLC in Lee's Summit, Missouri. The warranty deed ensures that the property is being transferred with a clear title and guarantees the buyer (transferee) that the LLC (transferor) holds legal ownership and has the right to sell the property. In this type of real estate transaction, the warranty deed provides certain assurances to the buyer, protecting their interests in case any future claims arise against the property. The transferor promises that they are the rightful owner of the property and have the authority to sell it. They also guarantee that there are no undisclosed liens, encumbrances, or claims against the property, except those specifically listed in the warranty deed. Furthermore, the warranty deed assures the transferee that they will be protected against any future legal actions resulting from title defects that may arise prior to the transfer. It provides a guarantee that the transferor will defend the title against any such claims or defects, even if they occurred before the transfer. Different types of Lee's Summit Missouri Warranty Deeds from an LLC to an LLC may include: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the buyer. It states that the transferor will defend the title against all claims, whether they occurred before or during their ownership of the property. 2. Special Warranty Deed: This warranty deed only guarantees that the transferor will defend the title against claims that arise during their ownership of the property. It does not extend to any defects or claims that existed prior to their ownership. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed can still be used in the transfer of property from one LLC to another. It makes no warranties or guarantees about the title or quality of the property. It simply transfers the interest the transferor has in the property to the transferee. When engaging in a Lee's Summit Missouri Warranty Deed from an LLC to an LLC, it is advised to consult with a real estate attorney or a title company to ensure all legal requirements are met and the transaction is conducted accurately. Additionally, it is essential to conduct a thorough title search to identify any potential title defects or encumbrances before finalizing the transfer.
