This Warranty Deed from two Individuals to LLC form is a Warranty Deed where the Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
A Dallas Texas Warranty Deed from two Individuals to LLC is a legal document that facilitates the transfer of real property ownership rights from two individuals (granters) to a limited liability company (LLC) (grantee) in the city of Dallas, Texas. This deed serves as proof of the transfer and ensures that the grantee, the LLC, receives the property with a guarantee from the granters that they have the legal authority to transfer the property and that there are no outstanding claims or liens against it. There are different types of Dallas Texas Warranty Deeds from two Individuals to LLC, each serving specific purposes. These include: 1. General Warranty Deed: A General Warranty Deed offers the most comprehensive protection to the grantee (LLC) by guaranteeing that the granters (individuals) have clear ownership of the property and will defend against any future claims or title defects. 2. Special Warranty Deed: A Special Warranty Deed limits the granters' warranty to claim against any title defects or claims that may have occurred during their ownership of the property. It provides protection against any defects created by the granters, but not against claims or defects that existed before their ownership. 3. Quitclaim Deed: A Quitclaim Deed transfers the granters' interest in the property to the grantee (LLC) without any warranties or guarantees. It simply conveys whatever interest the granters have in the property, and the grantee assumes any risks or claims associated with it. This type of deed is commonly used for transfers among family members or in situations where there is a high level of trust between the parties. When executing a Dallas Texas Warranty Deed from two Individuals to LLC, it is crucial to include the following key details: — Names and contact information of botgrantersrs and the LLC grantee — A clear legal description of the property being transferred, including its address and any identifying information (lot number, subdivision name, etc.) — Statement of consideration, indicating the amount paid for the property, if applicable — Signature and notarization of thgrantersrs — Detailed property encumbrances and any exceptions to the warranties, if applicable — Specific details about any additional terms, conditions, or disputes resolved through the deed Overall, a Dallas Texas Warranty Deed from two Individuals to LLC grants the LLC clear ownership of the property, providing protection against potential future claims or defects.
