This form is a Limited Warranty Deed where the grantors are two individuals and the grantee is a limited liability company.
Akron Ohio Limited Warranty Deed from two Individuals to LLC is a legal document that transfers property from two individuals to a limited liability company (LLC) in Akron, Ohio. The deed provides a limited warranty, ensuring that the individuals have legal ownership rights and that the property is free from any encumbrances except those explicitly stated in the deed. This type of deed offers more protection to the LLC than a quitclaim deed, as it guarantees a valid title and provides certain warranties against claims made by other parties. There are a few different types of Akron Ohio Limited Warranty Deed from two Individuals to LLC that may be pertinent to specific situations: 1. General Akron Ohio Limited Warranty Deed: This type of deed transfers the property ownership from the individuals to the LLC, providing a limited warranty that covers any title defects or claims arising during the individuals' ownership period. 2. Special Akron Ohio Limited Warranty Deed: This deed type is used when the individuals want to limit their warranty to a specific time frame or to certain defects or claims. It offers more protection to the LLC by explicitly defining the scope of the warranty. 3. Akron Ohio Limited Warranty Deed with Covenants of Further Assurance: This deed includes additional covenants by the individuals, promising to take necessary actions in the future to ensure the validity of the title and defend against any claims that may arise. 4. Akron Ohio Limited Warranty Deed with Right of Survivorship: This type of deed is suitable when the individuals want to transfer the property ownership to the LLC with the right of survivorship. It means that if one of the individuals passes away, their share automatically transfers to the surviving individual and not to their estate. When drafting an Akron Ohio Limited Warranty Deed from two Individuals to LLC, it is essential to consult an experienced real estate attorney to ensure accuracy, compliance with local laws, and to address specific circumstances related to the transfer.Akron Ohio Limited Warranty Deed from two Individuals to LLC is a legal document that transfers property from two individuals to a limited liability company (LLC) in Akron, Ohio. The deed provides a limited warranty, ensuring that the individuals have legal ownership rights and that the property is free from any encumbrances except those explicitly stated in the deed. This type of deed offers more protection to the LLC than a quitclaim deed, as it guarantees a valid title and provides certain warranties against claims made by other parties. There are a few different types of Akron Ohio Limited Warranty Deed from two Individuals to LLC that may be pertinent to specific situations: 1. General Akron Ohio Limited Warranty Deed: This type of deed transfers the property ownership from the individuals to the LLC, providing a limited warranty that covers any title defects or claims arising during the individuals' ownership period. 2. Special Akron Ohio Limited Warranty Deed: This deed type is used when the individuals want to limit their warranty to a specific time frame or to certain defects or claims. It offers more protection to the LLC by explicitly defining the scope of the warranty. 3. Akron Ohio Limited Warranty Deed with Covenants of Further Assurance: This deed includes additional covenants by the individuals, promising to take necessary actions in the future to ensure the validity of the title and defend against any claims that may arise. 4. Akron Ohio Limited Warranty Deed with Right of Survivorship: This type of deed is suitable when the individuals want to transfer the property ownership to the LLC with the right of survivorship. It means that if one of the individuals passes away, their share automatically transfers to the surviving individual and not to their estate. When drafting an Akron Ohio Limited Warranty Deed from two Individuals to LLC, it is essential to consult an experienced real estate attorney to ensure accuracy, compliance with local laws, and to address specific circumstances related to the transfer.
