Wake North Carolina General Warranty Deed from two Individuals to LLC

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• County: Wake
• 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 Wake North Carolina General Warranty Deed from two individuals to an LLC is a legal document that is used to transfer ownership of a real property from two individuals (granters) to a Limited Liability Company (LLC) (grantee). This type of deed contains specific covenants and warranties that ensure the grantee is receiving clear and marketable title to the property. A Wake North Carolina General Warranty Deed provides the highest level of protection to the grantee by guaranteeing that the granters have the legal authority to sell the property and that there are no encumbrances, undisclosed liens, or claims on the property. This means that the LLC is obtaining full ownership and possession of the property without any potential legal issues. There are several types of Wake North Carolina General Warranty Deeds from two individuals to an LLC, each serving a specific purpose. These variations include: 1. Individual-to-LLC Deed with Full Covenants: This type of deed includes all the standard covenants and warranties such as the covenant of basin (granters have legal ownership of the property), the covenant of right to convey (granters have the authority to sell the property), the covenant against encumbrances (no undisclosed claims or liens on the property), and the covenant of quiet enjoyment (grantee will not be disturbed in their ownership and possession of the property). 2. Individual-to-LLC Deed with Limited Covenants: This type of deed may exclude certain covenants and warranties, providing a lesser level of protection to the grantee. The specific covenants included will depend on the agreement between the parties involved. 3. Individual-to-LLC Deed with Specific Exceptions: In some cases, the granters may include specific exceptions or reservations in the deed, which means that certain rights, interests, or restrictions will not be transferred to the LLC. These exceptions may include easements, mineral rights, or restrictive covenants. 4. Individual-to-LLC Deed with Additional Consideration: If the LLC is paying additional consideration (such as money or other assets) for the property, this variation of the deed may include specific provisions addressing the additional payment and any associated terms and conditions. It is important to consult with a qualified attorney or real estate professional familiar with Wake North Carolina laws and regulations when preparing or executing a Wake North Carolina General Warranty Deed from two individuals to an LLC. They can provide guidance on the specific requirements and help ensure a smooth and legally binding transfer of ownership.

A Wake North Carolina General Warranty Deed from two individuals to an LLC is a legal document that is used to transfer ownership of a real property from two individuals (granters) to a Limited Liability Company (LLC) (grantee). This type of deed contains specific covenants and warranties that ensure the grantee is receiving clear and marketable title to the property. A Wake North Carolina General Warranty Deed provides the highest level of protection to the grantee by guaranteeing that the granters have the legal authority to sell the property and that there are no encumbrances, undisclosed liens, or claims on the property. This means that the LLC is obtaining full ownership and possession of the property without any potential legal issues. There are several types of Wake North Carolina General Warranty Deeds from two individuals to an LLC, each serving a specific purpose. These variations include: 1. Individual-to-LLC Deed with Full Covenants: This type of deed includes all the standard covenants and warranties such as the covenant of basin (granters have legal ownership of the property), the covenant of right to convey (granters have the authority to sell the property), the covenant against encumbrances (no undisclosed claims or liens on the property), and the covenant of quiet enjoyment (grantee will not be disturbed in their ownership and possession of the property). 2. Individual-to-LLC Deed with Limited Covenants: This type of deed may exclude certain covenants and warranties, providing a lesser level of protection to the grantee. The specific covenants included will depend on the agreement between the parties involved. 3. Individual-to-LLC Deed with Specific Exceptions: In some cases, the granters may include specific exceptions or reservations in the deed, which means that certain rights, interests, or restrictions will not be transferred to the LLC. These exceptions may include easements, mineral rights, or restrictive covenants. 4. Individual-to-LLC Deed with Additional Consideration: If the LLC is paying additional consideration (such as money or other assets) for the property, this variation of the deed may include specific provisions addressing the additional payment and any associated terms and conditions. It is important to consult with a qualified attorney or real estate professional familiar with Wake North Carolina laws and regulations when preparing or executing a Wake North Carolina General Warranty Deed from two individuals to an LLC. They can provide guidance on the specific requirements and help ensure a smooth and legally binding transfer of ownership.