Mecklenburg North Carolina General Warranty Deed from two Individuals to LLC

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• County: Mecklenburg
• Control #: NC-04-78
• Format: Word; Rich Text

Description

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 Mecklenburg North Carolina General Warranty Deed from two individuals to an LLC is a legal document used to transfer property ownership rights from two individuals (referred to as Granters) to a Limited Liability Company (referred to as the Grantee). This type of deed provides a guarantee and protection to the Grantee that the property being transferred is free from any encumbrances or claims. Keywords: Mecklenburg North Carolina, General Warranty Deed, individuals, LLC, property ownership, transfer, Granters, Limited Liability Company, Grantee, guarantee, protection, encumbrances, claims. There are different variations of Mecklenburg North Carolina General Warranty Deeds from two Individuals to an LLC, including: 1. Joint and Several Mecklenburg N.C. General Warranty Deed: This type of deed signifies that each individual Granter can be held responsible for fulfilling the warranties, covenants, and obligations mentioned in the deed, individually or jointly. It offers stronger protection to the Grantee, as they can pursue either individual Granter for any issues related to the property. 2. Equal Share Mecklenburg N.C. General Warranty Deed: In this type of deed, both individual Granters agree to transfer an equal share of their ownership interest to the LLC. This ensures an equal distribution of rights and responsibilities among the two individuals and the LLC. 3. Proportional Share Mecklenburg N.C. General Warranty Deed: Unlike the equal share deed, this type allows the Granters to transfer their ownership interest to the LLC in proportion to their individual contributions or value of the property. It ensures that the ownership shares in the LLC reflect the value or interest held by each individual Granter. 4. Limited Warranty Mecklenburg N.C. General Warranty Deed: This variation of the general warranty deed limits the warranties offered by the Granters to the period of their ownership only. It means that the Granters guarantee the property to be free from any defects, encumbrances, or claims that occurred during their ownership, but not before. The Grantee is only protected against issues arising after the Granters acquired the property. 5. Special Purpose Mecklenburg N.C. General Warranty Deed: This type of deed is used when the transfer of property to the LLC is done for a specific purpose or project. The deed may include additional clauses or conditions regarding the intended use of the property by the LLC or any restrictions placed on the property. In conclusion, a Mecklenburg North Carolina General Warranty Deed from two Individuals to an LLC is a legal document that facilitates the transfer of property ownership with guaranteed protection against any claims or encumbrances. The different types of deeds mentioned add variations in terms of joint liability, share distribution, warranty limitations, and specific purposes.

A Mecklenburg North Carolina General Warranty Deed from two individuals to an LLC is a legal document used to transfer property ownership rights from two individuals (referred to as Granters) to a Limited Liability Company (referred to as the Grantee). This type of deed provides a guarantee and protection to the Grantee that the property being transferred is free from any encumbrances or claims. Keywords: Mecklenburg North Carolina, General Warranty Deed, individuals, LLC, property ownership, transfer, Granters, Limited Liability Company, Grantee, guarantee, protection, encumbrances, claims. There are different variations of Mecklenburg North Carolina General Warranty Deeds from two Individuals to an LLC, including: 1. Joint and Several Mecklenburg N.C. General Warranty Deed: This type of deed signifies that each individual Granter can be held responsible for fulfilling the warranties, covenants, and obligations mentioned in the deed, individually or jointly. It offers stronger protection to the Grantee, as they can pursue either individual Granter for any issues related to the property. 2. Equal Share Mecklenburg N.C. General Warranty Deed: In this type of deed, both individual Granters agree to transfer an equal share of their ownership interest to the LLC. This ensures an equal distribution of rights and responsibilities among the two individuals and the LLC. 3. Proportional Share Mecklenburg N.C. General Warranty Deed: Unlike the equal share deed, this type allows the Granters to transfer their ownership interest to the LLC in proportion to their individual contributions or value of the property. It ensures that the ownership shares in the LLC reflect the value or interest held by each individual Granter. 4. Limited Warranty Mecklenburg N.C. General Warranty Deed: This variation of the general warranty deed limits the warranties offered by the Granters to the period of their ownership only. It means that the Granters guarantee the property to be free from any defects, encumbrances, or claims that occurred during their ownership, but not before. The Grantee is only protected against issues arising after the Granters acquired the property. 5. Special Purpose Mecklenburg N.C. General Warranty Deed: This type of deed is used when the transfer of property to the LLC is done for a specific purpose or project. The deed may include additional clauses or conditions regarding the intended use of the property by the LLC or any restrictions placed on the property. In conclusion, a Mecklenburg North Carolina General Warranty Deed from two Individuals to an LLC is a legal document that facilitates the transfer of property ownership with guaranteed protection against any claims or encumbrances. The different types of deeds mentioned add variations in terms of joint liability, share distribution, warranty limitations, and specific purposes.