This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is a Limited Liability Company. 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 Memphis Tennessee Special Warranty Deed from an Individual to an LLC is a legal document used to transfer ownership of real property from an individual to a Limited Liability Company (LLC) located in Memphis, Tennessee. This type of deed provides the buyer, in this case the LLC, with certain guarantees about the title to the property being transferred. The special warranty deed typically includes specific language indicating that the seller, or individual transferring ownership, guarantees that they have not done anything to encumber or cloud the title to the property during their ownership. However, unlike a general warranty deed which provides full warranty and protection against any claims, a special warranty deed only provides guarantees for the period the seller has owned the property. It does not cover any previous owners' actions that may have affected the property's title. This type of deed is commonly used in real estate transactions where the transfer of property occurs from an individual to an LLC. It helps to ensure that the buyer, in this case the LLC, receives good and marketable title to the property. Different types of Memphis Tennessee Special Warranty Deed from an Individual to an LLC can include variations in the specific language used in the deed. However, the overall purpose and effect remain the same: to transfer ownership of the property while providing limited warranty protections to the buyer. It is essential for both parties to review and understand the specific terms and conditions outlined in the deed before proceeding with the transfer of property. Key relevant keywords for a Memphis Tennessee Special Warranty Deed from an Individual to an LLC may include: Memphis, Tennessee, special warranty deed, individual, LLC, transfer of ownership, real property, limited liability company, guarantees, title, encumbrances, clouded title, general warranty deed, good and marketable title, real estate transactions, variations, terms and conditions.A Memphis Tennessee Special Warranty Deed from an Individual to an LLC is a legal document used to transfer ownership of real property from an individual to a Limited Liability Company (LLC) located in Memphis, Tennessee. This type of deed provides the buyer, in this case the LLC, with certain guarantees about the title to the property being transferred. The special warranty deed typically includes specific language indicating that the seller, or individual transferring ownership, guarantees that they have not done anything to encumber or cloud the title to the property during their ownership. However, unlike a general warranty deed which provides full warranty and protection against any claims, a special warranty deed only provides guarantees for the period the seller has owned the property. It does not cover any previous owners' actions that may have affected the property's title. This type of deed is commonly used in real estate transactions where the transfer of property occurs from an individual to an LLC. It helps to ensure that the buyer, in this case the LLC, receives good and marketable title to the property. Different types of Memphis Tennessee Special Warranty Deed from an Individual to an LLC can include variations in the specific language used in the deed. However, the overall purpose and effect remain the same: to transfer ownership of the property while providing limited warranty protections to the buyer. It is essential for both parties to review and understand the specific terms and conditions outlined in the deed before proceeding with the transfer of property. Key relevant keywords for a Memphis Tennessee Special Warranty Deed from an Individual to an LLC may include: Memphis, Tennessee, special warranty deed, individual, LLC, transfer of ownership, real property, limited liability company, guarantees, title, encumbrances, clouded title, general warranty deed, good and marketable title, real estate transactions, variations, terms and conditions.
