A Bronx New York Warranty Deed from Husband and Wife to LLC is a legal document that transfers ownership of a property from a married couple to a Limited Liability Company (LLC) while ensuring that the property's title is clear of any liens or encumbrances. This type of deed provides added protection to the grantee (LLC) by guaranteeing that the granters (husband and wife) have full ownership rights and are not transferring any undisclosed claims to the property. Here are some important keywords and types of Bronx New York Warranty Deed from Husband and Wife to LLC: 1. Purpose: This type of warranty deed is commonly used when a married couple wishes to transfer real estate ownership to an LLC, providing certain legal protections and benefits to the LLC for managing and protecting the property. 2. Granters: The granters in this warranty deed are the husband and wife, who are the current owners of the property and are transferring their ownership interests to the LLC. 3. Grantee: The grantee is the LLC that will be the new owner of the property after the deed is executed and recorded. 4. Warranty of Title: This warranty deed guarantees that the granters have clear and marketable title to the property and that they have the legal authority to transfer ownership. 5. Covenants: The warranty deed may include various covenants by the granters, such as the covenant of basin (ensuring they are the lawful owners), the covenant against encumbrances (declaring the property is free from liens or claims), and the covenant of quiet enjoyment (promises that the grantee will not face any future legal claims to the property). 6. Consideration: The warranty deed may mention the consideration, i.e., the value exchanged between the granters and the LLC for the transfer of ownership. This is often represented as a nominal amount or "love and affection." 7. Specific Property Description: This type of warranty deed will include a detailed description of the property being transferred, including its legal description, address, lot number, and any associated easements or restrictions. 8. Notarization and Recording: To make the warranty deed legally binding, it must be notarized by a certified notary public and then recorded at the appropriate Bronx County office, typically the County Clerk's Office or Registrar of Deeds. This step ensures the deed becomes part of the public record and establishes the LLC as the property's new legal owner. Types of Bronx New York Warranty Deed from Husband and Wife to LLC can include: 1. General Warranty Deed: A comprehensive type of warranty deed that provides the highest level of protection to the grantee by guaranteeing title against any past or future claims or encumbrances. 2. Special Warranty Deed: This deed guarantees the granters' ownership rights but only for the duration of their ownership, making it useful when the granters are not willing to provide a warranty for events that occurred before they acquired the property. 3. Bargain and Sale Deed: This type of warranty deed does not provide any warranties or guarantees, but it does imply that the granters have ownership rights and will not interfere with the property's sale. It is often used in foreclosure or tax sale situations. It is important to consult with a qualified attorney or legal professional specializing in real estate transactions to fully understand the specific requirements and implications of a Bronx New York Warranty Deed from Husband and Wife to LLC.
Bronx New York Warranty Deed from Husband and Wife to LLC
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