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 Houston Texas Warranty Deed from two Individuals to LLC is a legal document used to transfer ownership of real property from two individuals to a Limited Liability Company (LLC) located within the city of Houston, Texas. This deed ensures that the seller, who are the two individuals in this case, will defend the buyer's title against any claims or demands made by others. The key elements of this type of warranty deed are as follows: 1. Granter: The individuals who currently own the property and are transferring the ownership rights. 2. Grantee: The LLC that will receive the ownership rights and become the new titleholder. 3. Property Description: A detailed description of the property being transferred, including the address, boundaries, and any associated legal descriptions such as lot numbers or survey information. 4. Consideration: The agreed monetary value or other form of compensation for the property transfer. 5. Warranties: The granters guarantee that they are the legal owners of the property, have the right to sell it, and that the property is free from any liens or encumbrances, except those noted in the deed. 6. Closing Date and Execution: The date when the deed is signed and executed by both the granters and the grantee, typically in the presence of a notary public. 7. Legal provisions: The deed may also contain other legal provisions such as the grantee assuming any outstanding debts or obligations associated with the property. There can be variations of this warranty deed depending on specific circumstances, such as: 1. Special Warranty Deed: This type of warranty deed limits the granter's warranties to only the time they owned the property, rather than guaranteeing the entire property's history. 2. Joint Tenancy Deed: If the two individuals are joint tenants, this deed provides for the transfer of their ownership rights to the LLC, while retaining the joint tenancy status. 3. Tenancy in Common Deed: In situations where the two individuals hold the property as tenants in common, this deed transfers their respective interests to the LLC in proportion to their ownership shares. Regardless of the specific type, a Houston Texas Warranty Deed from two Individuals to LLC is a crucial legal document that facilitates the transfer of property ownership rights, protects the buyer's interests, and ensures compliance with local regulations and laws.A Houston Texas Warranty Deed from two Individuals to LLC is a legal document used to transfer ownership of real property from two individuals to a Limited Liability Company (LLC) located within the city of Houston, Texas. This deed ensures that the seller, who are the two individuals in this case, will defend the buyer's title against any claims or demands made by others. The key elements of this type of warranty deed are as follows: 1. Granter: The individuals who currently own the property and are transferring the ownership rights. 2. Grantee: The LLC that will receive the ownership rights and become the new titleholder. 3. Property Description: A detailed description of the property being transferred, including the address, boundaries, and any associated legal descriptions such as lot numbers or survey information. 4. Consideration: The agreed monetary value or other form of compensation for the property transfer. 5. Warranties: The granters guarantee that they are the legal owners of the property, have the right to sell it, and that the property is free from any liens or encumbrances, except those noted in the deed. 6. Closing Date and Execution: The date when the deed is signed and executed by both the granters and the grantee, typically in the presence of a notary public. 7. Legal provisions: The deed may also contain other legal provisions such as the grantee assuming any outstanding debts or obligations associated with the property. There can be variations of this warranty deed depending on specific circumstances, such as: 1. Special Warranty Deed: This type of warranty deed limits the granter's warranties to only the time they owned the property, rather than guaranteeing the entire property's history. 2. Joint Tenancy Deed: If the two individuals are joint tenants, this deed provides for the transfer of their ownership rights to the LLC, while retaining the joint tenancy status. 3. Tenancy in Common Deed: In situations where the two individuals hold the property as tenants in common, this deed transfers their respective interests to the LLC in proportion to their ownership shares. Regardless of the specific type, a Houston Texas Warranty Deed from two Individuals to LLC is a crucial legal document that facilitates the transfer of property ownership rights, protects the buyer's interests, and ensures compliance with local regulations and laws.
