Kings New York Warranty Deed from Individual to LLC

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• County: Kings
• Control #: NY-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. Description: A Kings New York Warranty Deed from Individual to LLC is a legally binding document that transfers ownership of a property from an individual (the granter) to a limited liability company (LLC) (the grantee) located in Kings County, New York. This deed provides assurance and protection to the grantee, as it guarantees that the granter holds clear ownership of the property and has the right to transfer it to the LLC. By executing this deed, the granter relinquishes their rights and interests in the property, while the LLC becomes the new legal owner. This document is commonly used in real estate transactions where an individual wishes to transfer their property into the ownership of their LLC. There are several types of Kings New York Warranty Deed from Individual to LLC, each serving a specific purpose: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee, as it guarantees that the granter has clear ownership and title to the property. The granter also warrants that the property is free from any encumbrances or claims, except those specifically mentioned in the deed. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only provides limited protection to the grantee. The granter warrants that they have not caused any encumbrances on the property during their ownership, but does not guarantee against any defects or claims that may have existed prior to their ownership. 3. Quitclaim Deed: This type of deed offers the least amount of protection to the grantee. The granter relinquishes any claim or interest they have in the property without making any warranties or guarantees regarding the property's title or condition. 4. Bargain and Sale Deed: This type of deed is often used in foreclosure or tax sale situations. It conveys the property to the grantee without any warranties or guarantees, implying that the property may have defects or existing claims. In summary, a Kings New York Warranty Deed from Individual to LLC is an important legal document that facilitates the transfer of property ownership from an individual to an LLC. It provides different levels of protection to the grantee depending on the type of deed used, ensuring that the granter has clear ownership and the ability to transfer the property to the LLC without any encumbrances.

Description: A Kings New York Warranty Deed from Individual to LLC is a legally binding document that transfers ownership of a property from an individual (the granter) to a limited liability company (LLC) (the grantee) located in Kings County, New York. This deed provides assurance and protection to the grantee, as it guarantees that the granter holds clear ownership of the property and has the right to transfer it to the LLC. By executing this deed, the granter relinquishes their rights and interests in the property, while the LLC becomes the new legal owner. This document is commonly used in real estate transactions where an individual wishes to transfer their property into the ownership of their LLC. There are several types of Kings New York Warranty Deed from Individual to LLC, each serving a specific purpose: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee, as it guarantees that the granter has clear ownership and title to the property. The granter also warrants that the property is free from any encumbrances or claims, except those specifically mentioned in the deed. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only provides limited protection to the grantee. The granter warrants that they have not caused any encumbrances on the property during their ownership, but does not guarantee against any defects or claims that may have existed prior to their ownership. 3. Quitclaim Deed: This type of deed offers the least amount of protection to the grantee. The granter relinquishes any claim or interest they have in the property without making any warranties or guarantees regarding the property's title or condition. 4. Bargain and Sale Deed: This type of deed is often used in foreclosure or tax sale situations. It conveys the property to the grantee without any warranties or guarantees, implying that the property may have defects or existing claims. In summary, a Kings New York Warranty Deed from Individual to LLC is an important legal document that facilitates the transfer of property ownership from an individual to an LLC. It provides different levels of protection to the grantee depending on the type of deed used, ensuring that the granter has clear ownership and the ability to transfer the property to the LLC without any encumbrances.