Wilmington North Carolina General Warranty Deed from Individual to LLC

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• City: Wilmington
• Control #: NC-07-78
• Format: Word; Rich Text

Description

This Warranty Deed from Individual to LLC form is a Warranty Deed where the grantor is an individual and the grantee is a limited liability company. Grantor conveys and warrants 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 Wilmington North Carolina General Warranty Deed from an Individual to an LLC is a legal document that transfers ownership of real property (land or real estate) from an individual to a Limited Liability Company (LLC). This type of deed provides the buyer (the LLC) with certain assurances and protections regarding the property's title and ownership. In a General Warranty Deed, the individual (granter) guarantees that they have full legal ownership of the property and have the right to transfer it to the LLC (grantee). The deed also warrants that the property is free from any liens, encumbrances, or other claims that may affect the LLC's ownership. This type of deed includes several key elements: 1. Granter and Grantee Details: The deed begins by identifying the individual granter, their address, and the LLC grantee's name and address. 2. Property Description: The deed provides a detailed legal description of the property being transferred, including its boundaries, lot number, and any identifying features. 3. Consideration: The deed states the amount or value (consideration) for which the property is being transferred, which may include cash, assets, or other arrangements. 4. Covenants: The general warranty deed contains covenants or promises made by the granter to the grantee. These covenants typically include: — Covenanbasinin: Assurance that the granter has legal ownership of the property. — Covenant of Right to Convey: Assurance that the granter has the authority to transfer the property. — Covenant Against Encumbrances: Assurance that the property is free from any liens or claims. — Covenant of Quiet Enjoyment: Assurance that the grantee will not be disturbed in their ownership and use of the property. — Covenant of Warranty Forever: Assurance that the granter guarantees to defend the grantee's ownership from any future claims. It is important to note that there are no specific variations or types of Wilmington North Carolina General Warranty Deed from Individual to LLC. However, variations can occur based on specific circumstances or additional clauses that may be added to the deed. To create a legally binding Wilmington North Carolina General Warranty Deed, it is advisable to consult with a licensed attorney or use reputable online services that provide customizable deed forms, ensuring compliance with the local laws and regulations.

A Wilmington North Carolina General Warranty Deed from an Individual to an LLC is a legal document that transfers ownership of real property (land or real estate) from an individual to a Limited Liability Company (LLC). This type of deed provides the buyer (the LLC) with certain assurances and protections regarding the property's title and ownership. In a General Warranty Deed, the individual (granter) guarantees that they have full legal ownership of the property and have the right to transfer it to the LLC (grantee). The deed also warrants that the property is free from any liens, encumbrances, or other claims that may affect the LLC's ownership. This type of deed includes several key elements: 1. Granter and Grantee Details: The deed begins by identifying the individual granter, their address, and the LLC grantee's name and address. 2. Property Description: The deed provides a detailed legal description of the property being transferred, including its boundaries, lot number, and any identifying features. 3. Consideration: The deed states the amount or value (consideration) for which the property is being transferred, which may include cash, assets, or other arrangements. 4. Covenants: The general warranty deed contains covenants or promises made by the granter to the grantee. These covenants typically include: — Covenanbasinin: Assurance that the granter has legal ownership of the property. — Covenant of Right to Convey: Assurance that the granter has the authority to transfer the property. — Covenant Against Encumbrances: Assurance that the property is free from any liens or claims. — Covenant of Quiet Enjoyment: Assurance that the grantee will not be disturbed in their ownership and use of the property. — Covenant of Warranty Forever: Assurance that the granter guarantees to defend the grantee's ownership from any future claims. It is important to note that there are no specific variations or types of Wilmington North Carolina General Warranty Deed from Individual to LLC. However, variations can occur based on specific circumstances or additional clauses that may be added to the deed. To create a legally binding Wilmington North Carolina General Warranty Deed, it is advisable to consult with a licensed attorney or use reputable online services that provide customizable deed forms, ensuring compliance with the local laws and regulations.