This form is a Limited Warranty Deed where the grantors are two individuals and the grantee is a limited liability company.
A Cuyahoga Ohio Limited Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of real estate from two individuals to a limited liability company (LLC). It ensures that the LLC receives clear and marketable title to the property, with certain warranties and guarantees provided by the granters (individual sellers). This type of limited warranty deed offers protection to the LLC, as it assures that the granters have not previously sold or transferred the property to anyone else and that there are no undisclosed encumbrances or claims against the property. However, unlike a general warranty deed that provides a broader range of warranties, a limited warranty deed only guarantees against the granter's actions during their ownership of the property. There are a few variations of the Cuyahoga Ohio Limited Warranty Deed from two Individuals to LLC, including: 1. Cuyahoga Ohio Limited Warranty Deed with Survivorship: This variant ensures that if one of the individual granters passes away, their ownership interest automatically passes to the surviving granter(s) without going through probate. It allows for seamless ownership transfer within the LLC. 2. Cuyahoga Ohio Limited Warranty Deed with Right of First Refusal: This type of limited warranty deed grants the LLC the right to purchase the property if the granters decide to sell it in the future. This provision protects the LLC's interest and gives them the first opportunity to acquire the property before it is offered to other potential buyers. 3. Cuyahoga Ohio Limited Warranty Deed with Restrictive Covenants: This variation may include certain restrictions or covenants that limit the use or development of the property. These covenants could specify how the property can be used, any architectural guidelines, or restrictions on certain activities, ensuring that the property is used in accordance with specific parameters set by the granters. It is important to consult with an attorney or real estate professional when preparing or executing a Cuyahoga Ohio Limited Warranty Deed from two Individuals to LLC. They can provide guidance specific to your situation and ensure all legal requirements are met to protect the interests of both the granters and the LLC.A Cuyahoga Ohio Limited Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of real estate from two individuals to a limited liability company (LLC). It ensures that the LLC receives clear and marketable title to the property, with certain warranties and guarantees provided by the granters (individual sellers). This type of limited warranty deed offers protection to the LLC, as it assures that the granters have not previously sold or transferred the property to anyone else and that there are no undisclosed encumbrances or claims against the property. However, unlike a general warranty deed that provides a broader range of warranties, a limited warranty deed only guarantees against the granter's actions during their ownership of the property. There are a few variations of the Cuyahoga Ohio Limited Warranty Deed from two Individuals to LLC, including: 1. Cuyahoga Ohio Limited Warranty Deed with Survivorship: This variant ensures that if one of the individual granters passes away, their ownership interest automatically passes to the surviving granter(s) without going through probate. It allows for seamless ownership transfer within the LLC. 2. Cuyahoga Ohio Limited Warranty Deed with Right of First Refusal: This type of limited warranty deed grants the LLC the right to purchase the property if the granters decide to sell it in the future. This provision protects the LLC's interest and gives them the first opportunity to acquire the property before it is offered to other potential buyers. 3. Cuyahoga Ohio Limited Warranty Deed with Restrictive Covenants: This variation may include certain restrictions or covenants that limit the use or development of the property. These covenants could specify how the property can be used, any architectural guidelines, or restrictions on certain activities, ensuring that the property is used in accordance with specific parameters set by the granters. It is important to consult with an attorney or real estate professional when preparing or executing a Cuyahoga Ohio Limited Warranty Deed from two Individuals to LLC. They can provide guidance specific to your situation and ensure all legal requirements are met to protect the interests of both the granters and the LLC.
