This Warranty Deed from Individual to LLC form is a Warranty Deed where the grantor is an individual and the grantee is a limited liability company. Grantor conveys and warrants 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 warranty deed is a legal document used in real estate transactions to transfer ownership of a property from an individual to a Limited Liability Company (LLC). In Collin County, Texas, there are several types of warranty deeds that can be used for this purpose. These include: 1. General Warranty Deed: A general warranty deed offers the highest level of protection to the buyer. It guarantees that the property is free from any encumbrances, except those mentioned in the deed itself. This type of warranty deed provides the broadest set of warranties and protections to the LLC. 2. Special Warranty Deed: A special warranty deed, also known as a limited warranty deed, offers a more limited set of warranties compared to a general warranty deed. It guarantees that the individual transferring the property has not incurred any encumbrances during their ownership, but does not provide protection for any previous encumbrances on the property. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed is another option to transfer property ownership to an LLC. Unlike the warranty deeds, a quitclaim deed provides no warranties or guarantees regarding the title of the property. It simply transfers the individual's interest in the property to the LLC. When preparing a Collin Texas warranty deed from an individual to an LLC, it is important to include the following essential information: 1. Parties Involved: Clearly identify the individual transferring the property (granter) and the LLC receiving it (grantee). Include their full names, addresses, and contact information. 2. Property Details: Provide a detailed description of the property being transferred, including the legal description, address, and any identifying information such as lot number or survey details. 3. Consideration: State the amount of money or value exchanged for the transfer of the property. This is often referred to as "valuable consideration." 4. Warranties: Specify the type of warranty deed being used (general warranty deed, special warranty deed, or quitclaim deed). Include language stating the extent of warranties and guarantees provided by the granter, if applicable. 5. Signatures: Both the granter and grantee must sign the warranty deed in the presence of a notary public. Ensure that each party's signature is legible and properly dated. When executing a Collin Texas warranty deed from an individual to an LLC, it is crucial to consult with a qualified real estate attorney or title company for guidance on the specific requirements and regulations. They can assist in preparing and recording the deed to ensure a smooth and legally binding transfer of property ownership.
