A Bronx New York Warranty Deed from Limited Partnership or LLC is a legal document used in real estate transactions when the granter or grantee is a limited partnership or a limited liability company (LLC). This type of deed provides a guarantee that the granter (the party transferring the property) has clear ownership of the property and has the legal authority to sell it. The warranty deed also ensures that there are no undisclosed liens or encumbrances on the property. There are different types of Bronx New York Warranty Deeds from Limited Partnership or LLC, which include: 1. General Warranty Deed: This type of deed provides the highest level of protection for the grantee (the party receiving the property). It guarantees that the granter has full legal ownership of the property and will defend the grantee against any future claims or challenges to the title. 2. Special Warranty Deed: This deed also guarantees that the granter has legal ownership of the property but only covers any defects or claims that arose during the granter's ownership period. It does not protect the grantee against any pre-existing defects or claims. 3. Quitclaim Deed: While not a warranty deed, a quitclaim deed is also commonly used by limited partnerships or LCS in Bronx, New York. This deed transfers the granter's interest in the property to the grantee without making any warranties or guarantees about the property's title. It is often used in situations where the granter is unsure about the state of the title or when transferring property between related entities. When a Limited Partnership or LLC serves as the granter, the deed will typically include relevant keywords such as limited partnership, limited liability company, warranty, deed, real estate, Bronx New York, granter, grantee, ownership, property, title, legal, guarantee, encumbrances, liens, and transfer. These keywords help identify the type of deed being used and the parties involved in the transaction.
Bronx New York Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee
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How to fill out Bronx New York Warranty Deed From Limited Partnership Or LLC Is The Grantor, Or Grantee?
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