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 San Antonio Texas Warranty Deed from Individual to LLC is a legal document that transfers ownership of a property from an individual to a Limited Liability Company (LLC) in San Antonio, Texas. This deed serves as a proof of ownership of the property and includes certain warranty provisions that protect the LLC's rights and interests. The main purpose of a warranty deed is to guarantee that the granter (the individual transferring the property) has legal ownership and the right to sell the property to the grantee (the LLC). It also ensures that the property is free from any encumbrances or claims that may affect the LLC's ownership in the future. In San Antonio, Texas, there may be different types of warranty deeds used for transferring property from an individual to an LLC. Some common types include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee by warranting title against any and all claims, both past, and future. It assures the LLC that the granter will defend the property rights against any third-party claims. 2. Special Warranty Deed: This deed also guarantees the grantee that the granter holds the title to the property and there have been no encumbrances or claims made during the time the granter owned the property. However, it limits the granter's liability to any claims arising only during their ownership and not before. 3. Quitclaim Deed: Although not strictly a warranty deed, a quitclaim deed is also used for transferring property from an individual to an LLC. Unlike warranty deeds, a quitclaim deed offers no warranties or guarantees regarding the ownership or title of the property. It simply transfers the granter's interest, if any, to the grantee. When executing a San Antonio Texas Warranty Deed from Individual to LLC, it is crucial to include the full legal description of the property, including its address, lot and block numbers, and any other identifying details. Additionally, the deed should contain the names and addresses of both the granter and grantee, along with their signatures. An authorized notary public must also acknowledge the deed for it to be valid. Overall, a San Antonio Texas Warranty Deed from Individual to LLC is an essential legal document that facilitates the transfer of property ownership to an LLC in San Antonio, Texas, and establishes the LLC's rights and protections. Different types of warranty deeds exist, including general warranty deeds, special warranty deeds, and quitclaim deeds, each offering different levels of protection and guarantees.
