This Warranty Deed from Husband and Wife to LLC form is a Warranty Deed where the grantors are husband and wife and the grantee is a limited liability company. Grantors convey and warrant the described property to grantee less oil, gas and minerals to which grantors reserve the right.
A Fargo North Dakota Warranty Deed from Husband and Wife to LLC is a legal document used to transfer ownership of real property from a married couple to a limited liability company (LLC) in Fargo, North Dakota. This type of deed provides a guarantee to the LLC that the property is free from any encumbrances or claims before the transfer. The deed typically includes the following key information: 1. Husband and Wife: This refers to the married couple who are the current owners of the property and are transferring their ownership to the LLC. 2. LLC: The LLC is the entity that will be acquiring ownership of the property. It is a legal business structure that provides limited liability protection for its members. 3. Property Description: The warranty deed contains a detailed description of the property being transferred, including its legal description, address, and any other relevant information that uniquely identifies the property. 4. Consideration: The consideration section states the value or consideration paid by the LLC to the husband and wife for the transfer of ownership. It may include monetary compensation or other valuable assets. 5. Covenants: The deed will include covenants or guarantees made by the husband and wife to the LLC, ensuring that they have full rights to the property, that it is free from any liens or encumbrances, and that they will defend the title against any future claims. 6. Signatures: The warranty deed must be signed by the husband and wife, as well as any required witnesses, to make it legally binding. Different types of Fargo North Dakota Warranty Deeds from Husband and Wife to LLC may include: 1. General Warranty Deed: This type of deed provides the broadest level of protection to the LLC, as it guarantees the title against all claims or encumbrances, even those arising before the husband and wife acquired the property. 2. Special Warranty Deed: This type of deed only guarantees the title against claims or encumbrances that arose during the period of ownership by the husband and wife. It does not provide protection against any pre-existing claims. 3. Quitclaim Deed: A quitclaim deed transfers ownership of the property without any guarantees or warranties. It simply conveys the interests that the husband and wife have in the property, if any, without any promises regarding the title's validity. It is important to consult with a qualified real estate attorney or professional to determine the most appropriate type of warranty deed and to ensure all legal requirements are met for the specific transaction in Fargo, North Dakota.
