This form is a Warranty Deed where the Grantor is a limited liaibilty company and the Grantee is a corporation. Grantor conveys and warrants the described property to the Grantee. This deed complies with all state statutory laws.
A Bronx New York Warranty Deed from Limited Liability Company to Corporation is a legal document that transfers ownership of real estate property located in the Bronx, New York, from a Limited Liability Company (LLC) to a Corporation. This type of deed is commonly used when a company wants to transfer ownership of a property it holds under an LLC to a corporation it operates. It ensures a clear and marketable title, providing the buyer with protection against any future claims or disputes related to the property. Keywords: Bronx New York, Warranty Deed, Limited Liability Company, Corporation, real estate, property, ownership, transfer, marketable title, claims, disputes. There may be different types of Bronx New York Warranty Deeds from Limited Liability Company to Corporation, including: 1. General Warranty Deed: A general warranty deed guarantees that the property being transferred is free from any claims, liens, or encumbrances that occurred during the ownership of the LLC. It provides the highest level of protection to the corporation, as it includes warranties covering the entire chain of title. 2. Special Warranty Deed: A special warranty deed only guarantees that the property is free from any claims, liens, or encumbrances that occurred during the LLC's ownership period. It doesn't extend to any previous owners or periods of ownership. The protection offered by a special warranty deed is narrower than that of a general warranty deed. 3. Quitclaim Deed: A quitclaim deed transfers the LLC's interest in the property to the corporation without making any guarantees regarding the title. It simply conveys whatever rights or interests the LLC possesses at the time of the transfer. This type of deed offers the least amount of protection to the corporation because it doesn't provide warranty or guarantee, making it suitable for transactions between related entities or when the parties involved have a high level of trust and understanding. Regardless of the specific type of deed used, it is crucial to consult with legal professionals specializing in real estate law, such as attorneys or title companies, to ensure all necessary steps are taken and potential risks are mitigated throughout the process of transferring property ownership from a Limited Liability Company to a Corporation.
