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.
A Tarrant Texas General Warranty Deed — Individual to Limited Liability Company is a legal document used to transfer ownership of real property from an individual to a limited liability company (LLC). This type of deed provides certain protections and assurances to the LLC, ensuring that the property being transferred is free from any liens, claims, or encumbrances. The Tarrant Texas General Warranty Deed — Individual to Limited Liability Company serves as a guarantee that the individual transferring the property has legal ownership and has the authority to sell or convey the property to the LLC. The deed includes a variety of legal clauses to protect the interests of both parties involved in the transfer. Some key provisions included in the Tarrant Texas General Warranty Deed — Individual to Limited Liability Company may include: 1. Granter and Grantee Information: The names and contact details of the individual transferring the property (granter) and the limited liability company receiving the property (grantee) are mentioned, along with their respective addresses. 2. Property Description: The deed provides a detailed legal description of the property being transferred, including its address, boundaries, and any additional information required to accurately identify the property. 3. Consideration and Purchase Price: The deed states the consideration, which is the amount paid by the limited liability company in exchange for the property. This section may also include details of any additional terms or conditions of the sale. 4. Warranties: The General Warranty Deed includes several standard warranties by the granter to the grantee. These warranties typically include the following: a. Covenant of Basin: The granter guarantees that they have legal ownership of the property and has the right to transfer it. b. Covenant of Right to Convey: The granter assures the grantee that they have the authority to sell or transfer the property. c. Covenant Against Encumbrances: The granter guarantees that the property is free from any liens, claims, or encumbrances, unless expressly stated in the deed. d. Covenant of Quiet Enjoyment: The granter promises that the grantee will have undisturbed possession and enjoyment of the property. 5. Signature and Notarization: The Tarrant Texas General Warranty Deed — Individual to Limited Liability Company must be signed by the granter in the presence of a notary public. Different types of General Warranty Deeds for transferring property from an individual to a limited liability company may include variations based on the specific requirements of the state or county. Some common variations may include: 1. Special Warranty Deed: This type of deed limits the warranties provided by the granter, usually only warranting against defects or claims that occurred during the granter's ownership, rather than guaranteeing against all defects regardless of when they arose. 2. Quitclaim Deed: This deed transfers whatever interest the granter has in the property, without providing any warranties or guarantees about the extent or validity of that interest. It is commonly used when the granter does not want to assume any liability for potential defects or claims on the property. Overall, the Tarrant Texas General Warranty Deed — Individual to Limited Liability Company is an important legal document that ensures a smooth transfer of ownership of real property from an individual to a limited liability company, providing protections and assurances for both parties involved.
