A Charlotte North Carolina Warranty Deed from a Limited Partnership or Limited Liability Company (LLC) serves as a legal document that transfers ownership rights of a property from the Granter (either the Limited Partnership or LLC) to the Grantee. The term "Warranty Deed" signifies that the Granter guarantees clear and unencumbered property title, promising to defend it against any claims by third parties. In Charlotte, North Carolina, there are several types of Warranty Deeds that may involve a Limited Partnership or LLC as the Granter, or the entity receiving the property as the Grantee. These include: 1. General Warranty Deed: This type of deed provides the highest level of protection for the Grantee. The Granter represents that they own the property, have the right to sell it, and will defend the title against any claims arising before or during their tenure of ownership. This type of deed offers the most comprehensive warranty for the Grantee. 2. Special Warranty Deed: With a Special Warranty Deed, the Granter guarantees that they have not caused or allowed any encumbrances during their ownership of the property, except as specifically stated in the deed. This means that any claims arising from before the Granter's ownership may not be covered. The level of protection for the Grantee in a Special Warranty Deed is limited to the Granter's tenure of ownership. 3. Quitclaim Deed: Although not a Warranty Deed, a Quitclaim Deed may also involve a Limited Partnership or LLC as the Granter. In this case, the Granter relinquishes any claim or interest they may have in the property, without providing any warranties or guarantees. A Quitclaim Deed offers the least amount of protection for the Grantee, as it does not ensure that the Granter has clear ownership rights. It is essential to conduct a thorough title search and review any associated legal documentation to ensure the validity and accuracy of the property's title before proceeding with any real estate transactions involving a Charlotte North Carolina Warranty Deed from a Limited Partnership or LLC as the Granter or Grantee.
Charlotte North Carolina Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee
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How to fill out Charlotte North Carolina Warranty Deed From Limited Partnership Or LLC Is The Grantor, Or Grantee?
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