This Warranty Deed from Individual to LLC form is a Warranty Deed where the grantor is an individual and the grantee is a limited liability company. Grantor conveys and warrants 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.
The Franklin Ohio General Warranty Deed is a legally binding document that transfers ownership of property from an individual to a Limited Liability Company (LLC) in Franklin, Ohio. This deed provides a guarantee to the purchaser (the LLC) that the seller (the individual) has the legal right to transfer the property and that there are no hidden claims or encumbrances on the property. In this transaction, the individual seller conveys full ownership rights and interest in the property to the LLC as the new owner. The LLC becomes responsible for any outstanding obligations or liabilities associated with the property going forward. The Franklin Ohio General Warranty Deed from Individual to LLC is a specific type of deed commonly used in real estate transactions. It provides the LLC with maximum protection and assurance by guaranteeing the title's quality and the seller's right to convey the property. By accepting this deed, the LLC is protected against any future claims or disputes regarding the property's ownership. Different types of Franklin Ohio General Warranty Deed from Individual to LLC may include: 1. Individual-to-LLC Deed for Residential Properties: This type of deed is used when an individual transfers ownership of a residential property to an LLC. It ensures the LLC has full ownership rights and protection against any claims or encumbrances on the property. 2. Individual-to-LLC Deed for Commercial Properties: This deed is similar to the residential deed but applies to commercial properties instead. It facilitates the transfer of ownership from an individual to an LLC for commercial real estate purposes, ensuring title quality and protection for the LLC. 3. Individual-to-LLC Deed for Vacant Land: When an individual sells vacant land to an LLC, this type of deed is used. It transfers ownership and guarantees the title's quality, protecting the LLC against any potential claims or disputes related to the vacant land. In all types of Franklin Ohio General Warranty Deeds from Individual to LLC, it is crucial for both parties involved to seek legal advice and ensure the document is properly executed. The deed serves as evidence of ownership transfer and provides essential protection for the LLC as the new property owner.
