This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.
A Knoxville Tennessee Warranty Deed for Limited Partnership or LLC refers to a legal document that serves as evidence of the transfer of property ownership between parties involved, either as granter or grantee. This type of deed is specifically designed for Limited Partnerships (LPs) or Limited Liability Companies (LCS) based in Knoxville, Tennessee. A warranty deed ensures that the granter or seller provides a guarantee or warranty to the grantee or buyer that the property being transferred is free from any encumbrances, liens, or claims that may arise from third parties. This warranty ensures the granter's responsibility to defend the grantee's rights and interests to the property. There are various types of Knoxville Tennessee warranty deeds for Limited Partnerships or LCS, categorizing them further based on their specific purposes: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the grantee, as it guarantees that the granter will defend the title against any and all claims, including those arising from prior owners. It covers the entire period of the property's existence. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed guarantees the property title only for the period when the granter held ownership. This means that the granter will defend the title only against claims that arose during their ownership and not prior to that. Any claims or encumbrances preceding the granter's ownership are not covered by this type of warranty deed. 3. Quitclaim Deed: While not specifically a warranty deed, a quitclaim deed is another type of deed commonly used in property transfers. It does not offer any warranty or guarantee regarding the property's title. Instead, it simply transfers the interest or rights that the granter possesses, if any, to the grantee. Therefore, the grantee assumes the property with all potential risks and without any promise or warranty from the granter. In summary, a Knoxville Tennessee Warranty Deed for Limited Partnership or LLC is a legal document used for transferring property ownership between parties. It provides a guarantee to the grantee that the property is free from encumbrances or claims. The different types of warranty deeds available include general warranty deeds, special warranty deeds, and quitclaim deeds, each offering varying levels of assurance regarding the property's title history.A Knoxville Tennessee Warranty Deed for Limited Partnership or LLC refers to a legal document that serves as evidence of the transfer of property ownership between parties involved, either as granter or grantee. This type of deed is specifically designed for Limited Partnerships (LPs) or Limited Liability Companies (LCS) based in Knoxville, Tennessee. A warranty deed ensures that the granter or seller provides a guarantee or warranty to the grantee or buyer that the property being transferred is free from any encumbrances, liens, or claims that may arise from third parties. This warranty ensures the granter's responsibility to defend the grantee's rights and interests to the property. There are various types of Knoxville Tennessee warranty deeds for Limited Partnerships or LCS, categorizing them further based on their specific purposes: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection to the grantee, as it guarantees that the granter will defend the title against any and all claims, including those arising from prior owners. It covers the entire period of the property's existence. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed guarantees the property title only for the period when the granter held ownership. This means that the granter will defend the title only against claims that arose during their ownership and not prior to that. Any claims or encumbrances preceding the granter's ownership are not covered by this type of warranty deed. 3. Quitclaim Deed: While not specifically a warranty deed, a quitclaim deed is another type of deed commonly used in property transfers. It does not offer any warranty or guarantee regarding the property's title. Instead, it simply transfers the interest or rights that the granter possesses, if any, to the grantee. Therefore, the grantee assumes the property with all potential risks and without any promise or warranty from the granter. In summary, a Knoxville Tennessee Warranty Deed for Limited Partnership or LLC is a legal document used for transferring property ownership between parties. It provides a guarantee to the grantee that the property is free from encumbrances or claims. The different types of warranty deeds available include general warranty deeds, special warranty deeds, and quitclaim deeds, each offering varying levels of assurance regarding the property's title history.
