A warranty deed is a legal document used in Allentown, Pennsylvania, to transfer real estate property ownership from an individual to a limited liability company (LLC). This type of transaction provides the LLC with a guarantee that the property being transferred is free from any encumbrances or defects in title. In Allentown, Pennsylvania, there are two primary types of warranty deeds commonly used when transferring property ownership from an individual to an LLC: general warranty deeds and special warranty deeds. 1. Allentown Pennsylvania General Warranty Deed from Individual to LLC: A general warranty deed offers the highest level of protection to the LLC. It provides a comprehensive guarantee from the individual granter to the LLC, ensuring that the property's title is clear of any encumbrances or defects that may have occurred during previous ownership. The granter promises to defend the title against any claims arising from events that occurred before their ownership. 2. Allentown Pennsylvania Special Warranty Deed from Individual to LLC: A special warranty deed, on the other hand, offers a more limited guarantee compared to a general warranty deed. It guarantees that the granter (individual) has not caused any defects or encumbrances on the property title during their ownership. However, it does not protect against potential defects or encumbrances that may have existed prior to their ownership. Essentially, this deed provides a warranty limited to the granter's ownership period. When drafting an Allentown Pennsylvania warranty deed from an individual to an LLC, it is crucial to include specific information to make it legally valid. The document should contain the names and contact details of both the granter (individual) and the grantee (LLC). Additionally, it must provide a clear description of the property, including the address and tax parcel identification number. It should clearly indicate the granter's intent to transfer the property to the LLC and include any agreed-upon terms or conditions associated with the transfer. Keywords: Allentown Pennsylvania, warranty deed, individual to LLC, general warranty deed, special warranty deed, property ownership, transfer, encumbrances, defects in title, granter, grantee, property description, legal document.
Allentown Pennsylvania Warranty Deed from Individual to LLC
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