Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and warrant 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.
A Columbus Ohio General Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of real property from two individuals to a limited liability company (LLC) in Columbus, Ohio. This deed provides a guarantee to the buyer, the LLC, that the property is free from any defects in the title and that the sellers, the two individuals, have the legal right to sell it. The deed includes key information such as the names of the sellers and the LLC, a detailed description of the property including its address, legal description, and survey information, and the purchase price or consideration. It also outlines any special terms or conditions agreed upon by both parties. There are different types of Columbus Ohio General Warranty Deed from two Individuals to LLC, including: 1. Joint Tenancy Deed to LLC: This type of deed is used when two individuals jointly own the property and want to transfer their share to the LLC. It guarantees that the LLC will hold the property as joint tenants with rights of survivorship, meaning that if one of the owners passes away, their share automatically goes to the other owner or owners. 2. Tenants in Common Deed to LLC: In this case, the two individuals own the property as tenants in common, which means they each hold a specific percentage of ownership. The deed transfers their respective shares to the LLC, but unlike joint tenancy, there is no automatic transfer of ownership if one of the owners passes away. 3. Community Property Deed to LLC: This type of deed is applicable when the two individuals are married. Ohio is not a community property state, but spouses can choose to hold the property as community property by specific agreement. With this deed, both spouses transfer their interest in the property to the LLC. It's important to consult with a real estate attorney or title company to determine the most appropriate type of General Warranty Deed based on the specific circumstances and legal requirements in Columbus, Ohio.A Columbus Ohio General Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of real property from two individuals to a limited liability company (LLC) in Columbus, Ohio. This deed provides a guarantee to the buyer, the LLC, that the property is free from any defects in the title and that the sellers, the two individuals, have the legal right to sell it. The deed includes key information such as the names of the sellers and the LLC, a detailed description of the property including its address, legal description, and survey information, and the purchase price or consideration. It also outlines any special terms or conditions agreed upon by both parties. There are different types of Columbus Ohio General Warranty Deed from two Individuals to LLC, including: 1. Joint Tenancy Deed to LLC: This type of deed is used when two individuals jointly own the property and want to transfer their share to the LLC. It guarantees that the LLC will hold the property as joint tenants with rights of survivorship, meaning that if one of the owners passes away, their share automatically goes to the other owner or owners. 2. Tenants in Common Deed to LLC: In this case, the two individuals own the property as tenants in common, which means they each hold a specific percentage of ownership. The deed transfers their respective shares to the LLC, but unlike joint tenancy, there is no automatic transfer of ownership if one of the owners passes away. 3. Community Property Deed to LLC: This type of deed is applicable when the two individuals are married. Ohio is not a community property state, but spouses can choose to hold the property as community property by specific agreement. With this deed, both spouses transfer their interest in the property to the LLC. It's important to consult with a real estate attorney or title company to determine the most appropriate type of General Warranty Deed based on the specific circumstances and legal requirements in Columbus, Ohio.
