This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is an LLC. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A special warranty deed is a legal document used in real estate transactions to transfer ownership of a property from an individual to a limited liability company (LLC). Specifically focusing on Broken Arrow, Oklahoma, this type of deed provides certain guarantees and protections to the LLC buyer, commonly known as the grantee. Let's dive into a detailed description of the Broken Arrow Oklahoma Special Warranty Deed from an Individual to a Limited Liability Company, along with its possible variations. In Broken Arrow, Oklahoma, a special warranty deed is a legally binding instrument that allows an individual, known as the granter, to transfer ownership rights and interest in a property to an LLC, acting as the grantee. This type of deed ensures that the granter warrants or guarantees that they have done nothing to impair the title of the property during their ownership, except for any limitations or encumbrances specifically mentioned in the deed. When a limited liability company is involved in the acquisition of a property in Broken Arrow, there can be several variations of the special warranty deed used in different circumstances. These variations include: 1. Simple Special Warranty Deed: This is the most common form of the deed, which outlines the granter's guarantee against any defects in title caused by their actions or omissions except for those mentioned. 2. Special Warranty Deed with Covenants: This type of deed may include additional covenants or promises made by the granter regarding the property, such as guarantees against liens, judgments, or other encumbrances that existed during their ownership. 3. Special Warranty Deed with Exclusions: This variation of the deed specifically excludes certain aspects of the property from warranty, ensuring that the granter is not held accountable for any issues related to those exclusions. 4. Special Warranty Deed with Additional Considerations: In some cases, additional considerations or conditions might be included in the special warranty deed. These could cover specific agreements made between the granter and grantee, such as future use restrictions, easements, or special rights related to the property. Considering the various types of special warranty deeds used in Broken Arrow, Oklahoma, it is crucial for both the granter and the grantee to thoroughly review the deed and seek legal advice if necessary. The special warranty deed provides a level of protection to the LLC, reassuring the grantee that the granter has not caused any major defects or encumbrances to the property's title during their ownership, except for the ones expressly mentioned. It is vital for all parties involved in the transaction to consult with a real estate attorney or a professional title company to ensure that the special warranty deed accurately reflects the intentions of both the granter and the grantee. Additionally, conducting thorough title searches and obtaining title insurance can further safeguard the LLC's investment in the property.A special warranty deed is a legal document used in real estate transactions to transfer ownership of a property from an individual to a limited liability company (LLC). Specifically focusing on Broken Arrow, Oklahoma, this type of deed provides certain guarantees and protections to the LLC buyer, commonly known as the grantee. Let's dive into a detailed description of the Broken Arrow Oklahoma Special Warranty Deed from an Individual to a Limited Liability Company, along with its possible variations. In Broken Arrow, Oklahoma, a special warranty deed is a legally binding instrument that allows an individual, known as the granter, to transfer ownership rights and interest in a property to an LLC, acting as the grantee. This type of deed ensures that the granter warrants or guarantees that they have done nothing to impair the title of the property during their ownership, except for any limitations or encumbrances specifically mentioned in the deed. When a limited liability company is involved in the acquisition of a property in Broken Arrow, there can be several variations of the special warranty deed used in different circumstances. These variations include: 1. Simple Special Warranty Deed: This is the most common form of the deed, which outlines the granter's guarantee against any defects in title caused by their actions or omissions except for those mentioned. 2. Special Warranty Deed with Covenants: This type of deed may include additional covenants or promises made by the granter regarding the property, such as guarantees against liens, judgments, or other encumbrances that existed during their ownership. 3. Special Warranty Deed with Exclusions: This variation of the deed specifically excludes certain aspects of the property from warranty, ensuring that the granter is not held accountable for any issues related to those exclusions. 4. Special Warranty Deed with Additional Considerations: In some cases, additional considerations or conditions might be included in the special warranty deed. These could cover specific agreements made between the granter and grantee, such as future use restrictions, easements, or special rights related to the property. Considering the various types of special warranty deeds used in Broken Arrow, Oklahoma, it is crucial for both the granter and the grantee to thoroughly review the deed and seek legal advice if necessary. The special warranty deed provides a level of protection to the LLC, reassuring the grantee that the granter has not caused any major defects or encumbrances to the property's title during their ownership, except for the ones expressly mentioned. It is vital for all parties involved in the transaction to consult with a real estate attorney or a professional title company to ensure that the special warranty deed accurately reflects the intentions of both the granter and the grantee. Additionally, conducting thorough title searches and obtaining title insurance can further safeguard the LLC's investment in the property.
