Queens New York Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee

• Category: New York Real Estate - Deeds - Warranty
• State: New York
• County: Queens
• Control #: NY-SDEED-7
• Format: Word; Rich Text

Description

This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC. In Queens, New York, a warranty deed is a legal document used to transfer ownership of real property from a limited partnership or limited liability company (LLC) to another party. This type of deed provides certain assurances and promises regarding the property's title and the granter's ownership rights, protecting the buyer (grantee) against any future claims or disputes. When a limited partnership or LLC serves as the granter in a Queens, New York warranty deed, it signifies that the ownership of the property is being transferred from the entity to the grantee. The granter, as mentioned, can either be a limited partnership or an LLC, depending on the legal structure through which the property is owned. Different types of Queens New York warranty deeds involving limited partnerships or LCS may include: 1. General Warranty Deed from Limited Partnership as Granter: This type of deed guarantees that the limited partnership is conveying the property with a clear and marketable title, free from any encumbrances or defects. It assures the grantee of absolute protection against claims arising from the granter's ownership. 2. Special Warranty Deed from LLC as Granter: In this case, the LLC serving as the granter promises to defend the property's title only against claims arising during the time that the LLC owned the property. It does not provide protection for prior claims that may have existed before the LLC acquired the property. 3. Quitclaim Deed from Limited Partnership or LLC as Granter: This type of deed is different from a warranty deed as it transfers the interest or rights the limited partnership or LLC has in the property without guaranteeing or warranting the title. The grantee receives only the interest that the granter possesses, and any potential issues with the title become the grantee's responsibility. Regardless of the specific type of warranty deed, it is crucial for both the granter and grantee to understand the terms and obligations outlined in the document. Seeking legal advice is recommended to ensure a smooth and legally sound transfer of ownership. Keywords: Queens, New York, warranty deed, limited partnership, LLC, granter, grantee, ownership, transfer, title, property, legal document, limited partnership warranty deed, LLC warranty deed, general warranty deed, special warranty deed, quitclaim deed.

In Queens, New York, a warranty deed is a legal document used to transfer ownership of real property from a limited partnership or limited liability company (LLC) to another party. This type of deed provides certain assurances and promises regarding the property's title and the granter's ownership rights, protecting the buyer (grantee) against any future claims or disputes. When a limited partnership or LLC serves as the granter in a Queens, New York warranty deed, it signifies that the ownership of the property is being transferred from the entity to the grantee. The granter, as mentioned, can either be a limited partnership or an LLC, depending on the legal structure through which the property is owned. Different types of Queens New York warranty deeds involving limited partnerships or LCS may include: 1. General Warranty Deed from Limited Partnership as Granter: This type of deed guarantees that the limited partnership is conveying the property with a clear and marketable title, free from any encumbrances or defects. It assures the grantee of absolute protection against claims arising from the granter's ownership. 2. Special Warranty Deed from LLC as Granter: In this case, the LLC serving as the granter promises to defend the property's title only against claims arising during the time that the LLC owned the property. It does not provide protection for prior claims that may have existed before the LLC acquired the property. 3. Quitclaim Deed from Limited Partnership or LLC as Granter: This type of deed is different from a warranty deed as it transfers the interest or rights the limited partnership or LLC has in the property without guaranteeing or warranting the title. The grantee receives only the interest that the granter possesses, and any potential issues with the title become the grantee's responsibility. Regardless of the specific type of warranty deed, it is crucial for both the granter and grantee to understand the terms and obligations outlined in the document. Seeking legal advice is recommended to ensure a smooth and legally sound transfer of ownership. Keywords: Queens, New York, warranty deed, limited partnership, LLC, granter, grantee, ownership, transfer, title, property, legal document, limited partnership warranty deed, LLC warranty deed, general warranty deed, special warranty deed, quitclaim deed.