This Warranty Deed from two Individuals to LLC form is a Warranty Deed where the 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.
Description: In Eugene, Oregon, a Warranty Deed from two individuals to an LLC is a legal document that transfers ownership of a property from two individuals (referred to as the granters) to a Limited Liability Company (LLC), guaranteeing that the title to the property is clear and free from any encumbrances or claims. This type of deed is commonly used when individuals want to transfer their real estate property to their LLC, which provides the LLC with ownership and protects the granters' personal assets from potential liabilities associated with the property. The Warranty Deed ensures that the granters hold a valid title and have the legal right to convey the property to the LLC. Eugene, Oregon, offers several variations of Warranty Deeds from two Individuals to an LLC, including: 1. General Warranty Deed: A General Warranty Deed guarantees that the granters have full legal ownership of the property and provides the broadest form of protection to the grantee (the LLC). It ensures that the grantee will be defended against any past or future claims on the property. 2. Special Warranty Deed: A Special Warranty Deed also guarantees that the granters have legal ownership of the property, but with a more limited scope of protection compared to a General Warranty Deed. It only warrants against claims or encumbrances that occurred during the granters' ownership period and does not cover any potential issues prior to their ownership. 3. Quitclaim Deed: Although not technically a Warranty Deed, a Quitclaim Deed is another type of deed that can be used to transfer property from two individuals to an LLC. Unlike Warranty Deeds, a Quitclaim Deed does not make any warranties or guarantees about the title to the property. Instead, it simply transfers whatever interest the granters possess to the LLC. It is commonly used when the granters have no intention to make any assurances about the property's title. When executing a Eugene Oregon Warranty Deed from two Individuals to an LLC, it is vital to follow the proper legal procedures and consult with a real estate attorney or a professional with experience in conveying property to ensure the transfer is valid and legally binding. Additionally, it is recommended to conduct a title search to verify that there are no liens, judgments, or other encumbrances on the property before completing the transfer. Overall, a Eugene Oregon Warranty Deed from two Individuals to an LLC serves as a crucial legal document that facilitates the smooth transfer of property ownership, providing protection and legal assurance to both the granters and the LLC.
