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.
Cuyahoga Ohio General Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of real estate property from two individuals to a Limited Liability Company (LLC) with a general warranty of title. This type of deed provides the highest level of protection to the buyer (in this case, the LLC) by guaranteeing that the seller (the two individuals) holds clear and marketable title to the property. In Cuyahoga County, Ohio, there are different variations of the General Warranty Deed from two Individuals to LLC, which include: 1. Standard General Warranty Deed: This type of deed is used when two individuals (often referred to as granters) are selling a property to an LLC (known as the grantee). It contains the standard language and provisions of a general warranty deed, ensuring that the granters have legal authority to transfer the property and guaranteeing clear title free from any encumbrances. 2. Enhanced General Warranty Deed: This type of General Warranty Deed includes additional warranties and covenants, providing an increased level of protection to the grantee. The enhanced warranties may include specific promises related to ownership, possession, and enjoyment of the property, as well as the granters' assurance of defending the title against any future claims. 3. Joint Tenancy General Warranty Deed: If the two individuals transferring the property hold title as joint tenants, they may use this type of deed. Joint tenancy means that both individuals own an equal share of the property, and upon the death of one tenant, the ownership automatically passes to the surviving tenant. This type of deed includes provisions specific to joint tenancy ownership and the transfer of the property to the LLC. When drafting or reviewing a Cuyahoga Ohio General Warranty Deed from two Individuals to LLC, it is essential to consult with a qualified real estate attorney to ensure compliance with local laws and regulations. Additionally, it is advisable to conduct a thorough title search and obtain title insurance to protect against any unforeseen issues that may affect the property's ownership.
