This form is a General Warranty Deed where the grantor is an individual and the grantee is a limited liability company. Grantor conveys and generally warrants the described property to the grantee. This deed complies with all state statutory laws.
The San Antonio Texas General Warranty Deed — Individual to Limited Liability Company is a legal document used to transfer ownership of a property from an individual to a limited liability company (LLC). This type of deed provides a guarantee to the new owner (the LLC) that the property is free from any encumbrances, except those mentioned in the deed itself. A General Warranty Deed typically includes essential details such as the names of both the individual seller and the LLC buyer, a description of the property being transferred, and the purchase price (if any). It also usually contains covenants or promises made by the seller to protect the buyer against any future claims that might arise from previous ownership. These covenants typically include the following: 1. Covenant of Basin: This guarantees that the seller is the true owner of the property being conveyed and has the legal right to sell it. 2. Covenant of Right to Convey: This ensures that the seller has the authority to transfer the property and that there are no restrictions preventing the transfer. 3. Covenant against Encumbrances: This promises that the property is free of any liens, mortgages, or other encumbrances, except those explicitly mentioned in the deed. 4. Covenant of Quiet Enjoyment: This ensures that the buyer will not face any legal claims against the property's title and can peacefully enjoy ownership without any disturbances. 5. Covenant of Warranty: This guarantees that the seller will defend the buyer against any future claims that may arise from previous ownership, by reimbursing the buyer for any costs incurred in defending the title. It is important to note that there may be various versions or variations of the San Antonio Texas General Warranty Deed — Individual to Limited Liability Company, depending on specific circumstances or additional provisions required by the parties involved. These variations could include modifying the covenants or adding additional clauses to address specific concerns or conditions of the property transfer. In conclusion, the San Antonio Texas General Warranty Deed — Individual to Limited Liability Company is a legal instrument used to transfer ownership of a property from an individual to an LLC. This deed provides a comprehensive guarantee of the property's title, ensuring that the buyer is protected against any claims arising from previous ownership.The San Antonio Texas General Warranty Deed — Individual to Limited Liability Company is a legal document used to transfer ownership of a property from an individual to a limited liability company (LLC). This type of deed provides a guarantee to the new owner (the LLC) that the property is free from any encumbrances, except those mentioned in the deed itself. A General Warranty Deed typically includes essential details such as the names of both the individual seller and the LLC buyer, a description of the property being transferred, and the purchase price (if any). It also usually contains covenants or promises made by the seller to protect the buyer against any future claims that might arise from previous ownership. These covenants typically include the following: 1. Covenant of Basin: This guarantees that the seller is the true owner of the property being conveyed and has the legal right to sell it. 2. Covenant of Right to Convey: This ensures that the seller has the authority to transfer the property and that there are no restrictions preventing the transfer. 3. Covenant against Encumbrances: This promises that the property is free of any liens, mortgages, or other encumbrances, except those explicitly mentioned in the deed. 4. Covenant of Quiet Enjoyment: This ensures that the buyer will not face any legal claims against the property's title and can peacefully enjoy ownership without any disturbances. 5. Covenant of Warranty: This guarantees that the seller will defend the buyer against any future claims that may arise from previous ownership, by reimbursing the buyer for any costs incurred in defending the title. It is important to note that there may be various versions or variations of the San Antonio Texas General Warranty Deed — Individual to Limited Liability Company, depending on specific circumstances or additional provisions required by the parties involved. These variations could include modifying the covenants or adding additional clauses to address specific concerns or conditions of the property transfer. In conclusion, the San Antonio Texas General Warranty Deed — Individual to Limited Liability Company is a legal instrument used to transfer ownership of a property from an individual to an LLC. This deed provides a comprehensive guarantee of the property's title, ensuring that the buyer is protected against any claims arising from previous ownership.
