This form is a General Warranty Deed where the Grantor is a limited liability company (LLC) and the Grantee is a limited liability company (LLC). Grantor conveys and generally warrants the described property to the Grantee. This deed complies with all state statutory laws.
A McKinney Texas General Warranty Deed from LLC to LLC is a legal document used to transfer ownership of real property from one limited liability company (LLC) to another in McKinney, Texas. This deed provides a comprehensive guarantee to the buyer that the seller has full authority to sell the property and that there are no undisclosed or hidden liens, encumbrances, or claims against the property. The General Warranty Deed transfers the property with a broad range of warranties and covenants, ensuring the buyer receives clear and marketable title. This deed type is commonly used in real estate transactions in McKinney, Texas, as it offers the highest level of protection to the buyer. Different types of McKinney Texas General Warranty Deed from LLC to LLC may include: 1. Corporate-to-Corporate General Warranty Deed: This type of deed is used when one LLC sells the property to another LLC, both operating as corporate entities. It guarantees the buyer that the property is free from any defects, claims, or encumbrances, and the seller assumes full responsibility for any future title issues. 2. LLC-to-LLC General Warranty Deed with Special Warranty: This deed limits the seller's warranties to only the time they owned the property, excluding any defects or claims that may have existed before their ownership. It provides a level of protection to the buyer, albeit less comprehensive than a traditional General Warranty Deed. 3. LLC-to-LLC General Warranty Deed with Enhanced Life of Trustee Warranty: In cases where the seller LLC holds the property in trust, this deed type extends the warranty beyond the seller's ownership. It guarantees that the property was not subject to any defects or claims during the entire life of the trustee, ensuring a higher level of protection for the buyer. 4. LLC-to-LLC General Warranty Deed with Quitclaim Covenant: This type of deed provides the buyer with the least amount of protection. It essentially conveys whatever interest the seller LLC has in the property, without guaranteeing clear title or protection against any defects or claims. In conclusion, a McKinney Texas General Warranty Deed from LLC to LLC is a legal instrument used to transfer ownership of real property from one LLC to another in McKinney, Texas. It guarantees a high level of protection to the buyer against any undisclosed defects, liens, or claims on the property. Different variations of this deed offer varying degrees of protection and warranties, depending on the specific circumstances of the transaction.A McKinney Texas General Warranty Deed from LLC to LLC is a legal document used to transfer ownership of real property from one limited liability company (LLC) to another in McKinney, Texas. This deed provides a comprehensive guarantee to the buyer that the seller has full authority to sell the property and that there are no undisclosed or hidden liens, encumbrances, or claims against the property. The General Warranty Deed transfers the property with a broad range of warranties and covenants, ensuring the buyer receives clear and marketable title. This deed type is commonly used in real estate transactions in McKinney, Texas, as it offers the highest level of protection to the buyer. Different types of McKinney Texas General Warranty Deed from LLC to LLC may include: 1. Corporate-to-Corporate General Warranty Deed: This type of deed is used when one LLC sells the property to another LLC, both operating as corporate entities. It guarantees the buyer that the property is free from any defects, claims, or encumbrances, and the seller assumes full responsibility for any future title issues. 2. LLC-to-LLC General Warranty Deed with Special Warranty: This deed limits the seller's warranties to only the time they owned the property, excluding any defects or claims that may have existed before their ownership. It provides a level of protection to the buyer, albeit less comprehensive than a traditional General Warranty Deed. 3. LLC-to-LLC General Warranty Deed with Enhanced Life of Trustee Warranty: In cases where the seller LLC holds the property in trust, this deed type extends the warranty beyond the seller's ownership. It guarantees that the property was not subject to any defects or claims during the entire life of the trustee, ensuring a higher level of protection for the buyer. 4. LLC-to-LLC General Warranty Deed with Quitclaim Covenant: This type of deed provides the buyer with the least amount of protection. It essentially conveys whatever interest the seller LLC has in the property, without guaranteeing clear title or protection against any defects or claims. In conclusion, a McKinney Texas General Warranty Deed from LLC to LLC is a legal instrument used to transfer ownership of real property from one LLC to another in McKinney, Texas. It guarantees a high level of protection to the buyer against any undisclosed defects, liens, or claims on the property. Different variations of this deed offer varying degrees of protection and warranties, depending on the specific circumstances of the transaction.
