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 Travis Texas General Warranty Deed from LLC to LLC is a legal document used to transfer the ownership of real estate from one limited liability company (LLC) to another in Travis County, Texas. This type of deed provides the highest level of protection for the buyer (grantee) by guaranteeing that the seller (granter) holds clear title to the property and will defend against any future claims. The General Warranty Deed includes several key elements: 1. Parties Involved: The document identifies the granter, the LLC transferring the property, and the grantee, the LLC receiving the property. It details their legal names and addresses. 2. Property Description: The deed provides a comprehensive and accurate description of the property being transferred, including the address, boundaries, and legal description. 3. Transfer of Ownership: The deed states the granter's intention to transfer ownership rights, and the grantee's acceptance of the property. It ensures that the property is free from any liens or encumbrances unless otherwise specified. 4. Covenants: The General Warranty Deed contains specific covenants, which are legally binding promises made by the granter. These covenants include: a. Covenant of Basin: Assures that the granter has legal ownership and possession rights over the property. b. Covenant of Right to Convey: Confirms that the granter has the authority to transfer the property. c. Covenant against Encumbrances: Guarantees that there are no undisclosed liens, mortgages, or claims against the property, except those mentioned in the deed. d. Covenant of Quiet Enjoyment: Ensures that the grantee will not be disturbed in their title to the property by any third-party claims. e. Covenant of Warranty: Protects the grantee by promising to defend against any future claims against the property arising from the granter's actions or prior ownership. Different variations of the Travis Texas General Warranty Deed from LLC to LLC may include: 1. Special Warranty Deed: This type of deed provides similar protections as the General Warranty Deed but limits the granter's liability to claims arising only during their ownership of the property. 2. Quitclaim Deed: Unlike the General Warranty Deed, the Quitclaim Deed offers no warranties or guarantees regarding the granter's title. It simply transfers whatever interest the granter has, if any, to the grantee. It is essential to consult with a real estate attorney or a qualified professional to ensure the proper completion and execution of the Travis Texas General Warranty Deed. The deed must also comply with all local and state laws and be recorded in the appropriate county office to ensure its validity and enforceability.A Travis Texas General Warranty Deed from LLC to LLC is a legal document used to transfer the ownership of real estate from one limited liability company (LLC) to another in Travis County, Texas. This type of deed provides the highest level of protection for the buyer (grantee) by guaranteeing that the seller (granter) holds clear title to the property and will defend against any future claims. The General Warranty Deed includes several key elements: 1. Parties Involved: The document identifies the granter, the LLC transferring the property, and the grantee, the LLC receiving the property. It details their legal names and addresses. 2. Property Description: The deed provides a comprehensive and accurate description of the property being transferred, including the address, boundaries, and legal description. 3. Transfer of Ownership: The deed states the granter's intention to transfer ownership rights, and the grantee's acceptance of the property. It ensures that the property is free from any liens or encumbrances unless otherwise specified. 4. Covenants: The General Warranty Deed contains specific covenants, which are legally binding promises made by the granter. These covenants include: a. Covenant of Basin: Assures that the granter has legal ownership and possession rights over the property. b. Covenant of Right to Convey: Confirms that the granter has the authority to transfer the property. c. Covenant against Encumbrances: Guarantees that there are no undisclosed liens, mortgages, or claims against the property, except those mentioned in the deed. d. Covenant of Quiet Enjoyment: Ensures that the grantee will not be disturbed in their title to the property by any third-party claims. e. Covenant of Warranty: Protects the grantee by promising to defend against any future claims against the property arising from the granter's actions or prior ownership. Different variations of the Travis Texas General Warranty Deed from LLC to LLC may include: 1. Special Warranty Deed: This type of deed provides similar protections as the General Warranty Deed but limits the granter's liability to claims arising only during their ownership of the property. 2. Quitclaim Deed: Unlike the General Warranty Deed, the Quitclaim Deed offers no warranties or guarantees regarding the granter's title. It simply transfers whatever interest the granter has, if any, to the grantee. It is essential to consult with a real estate attorney or a qualified professional to ensure the proper completion and execution of the Travis Texas General Warranty Deed. The deed must also comply with all local and state laws and be recorded in the appropriate county office to ensure its validity and enforceability.
