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 Fargo North Dakota Warranty Deed from two Individuals to LLC is a legal document that transfers the ownership of real property from two individuals to a limited liability company (LLC) in Fargo, North Dakota. This type of deed provides a guarantee, or warranty, that the property being transferred is free from any encumbrances or claims, and that the granter (individuals) has the legal right to transfer ownership. Keywords: Fargo North Dakota, Warranty Deed, two Individuals, LLC, real property, ownership, limited liability company, guarantee, encumbrances, claims, granter, legal right There are different types of Fargo North Dakota Warranty Deed from two Individuals to LLC, which include: 1. General Warranty Deed: This type of deed provides the most comprehensive protection for the grantee (LLC). It guarantees that the property being transferred is free from any defects in title, even if they originated before the individuals acquired ownership. The granters are fully responsible for any claims and legal issues arising from the property. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the granter has not caused any encumbrances or defects in title during their ownership period. It does not cover any issues that may have existed prior to their ownership. This type of deed is often used when the individuals are unsure about previous ownership history or title issues. 3. Quitclaim Deed: A quitclaim deed is a simpler form of the warranty deed, which provides no warranty or guarantee of title. It transfers the individuals' ownership interest in the property to the LLC without making any promises or certifying the ownership quality. This type of deed is commonly used when the individuals transferring ownership have no knowledge or liability regarding the property's history. In conclusion, a Fargo North Dakota Warranty Deed from two Individuals to LLC is a legal instrument used to transfer ownership of real property from two individuals to an LLC in Fargo, North Dakota. This document ensures that the grantee receives the property without any encumbrances or claims, and that the granters have the legal right to transfer ownership. The types of warranty deed include general warranty deed, special warranty deed, and quitclaim deed, each offering different levels of protection and assurance to the grantee.
