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 that transfers ownership of a property from an individual to a limited liability company (LLC) in Tarrant, Texas. This type of transaction provides a guarantee or warranty to the LLC that the property being transferred is free from any undisclosed claims or encumbrances. In Tarrant, Texas, there are two key types of warranty deeds that can be used for this purpose: general warranty deed and special warranty deed. A general warranty deed is the most commonly used type in which the individual (granter) guarantees the title of the property to the LLC (grantee) against any and all claims that may arise from any previous owners. This means that if any issues or claims come up regarding the title, the granter is legally obligated to defend the LLC against them. On the other hand, a special warranty deed only guarantees that the granter has not caused any issues or claims during their ownership of the property. It limits the warranty to only the time when the granter held the property and doesn't cover any undisclosed claims or encumbrances from previous owners. Both types of warranty deed require certain essential elements to be legally valid, including a legal description of the property being transferred, the names of the granter and grantee, consideration (usually monetary), and the signature of the granter. Additionally, these deeds must also be notarized and filed with the appropriate county clerk's office in Tarrant, Texas. In summary, a Tarrant, Texas warranty deed from an individual to an LLC is a legal document that transfers ownership of a property while providing a guarantee or warranty to the LLC regarding the property's title. The general warranty deed offers broader protection against any claims, while the special warranty deed limits the warranty to the granter's ownership period. Both deeds must meet certain requirements and be filed with the county clerk's office.A warranty deed is a legal document that transfers ownership of a property from an individual to a limited liability company (LLC) in Tarrant, Texas. This type of transaction provides a guarantee or warranty to the LLC that the property being transferred is free from any undisclosed claims or encumbrances. In Tarrant, Texas, there are two key types of warranty deeds that can be used for this purpose: general warranty deed and special warranty deed. A general warranty deed is the most commonly used type in which the individual (granter) guarantees the title of the property to the LLC (grantee) against any and all claims that may arise from any previous owners. This means that if any issues or claims come up regarding the title, the granter is legally obligated to defend the LLC against them. On the other hand, a special warranty deed only guarantees that the granter has not caused any issues or claims during their ownership of the property. It limits the warranty to only the time when the granter held the property and doesn't cover any undisclosed claims or encumbrances from previous owners. Both types of warranty deed require certain essential elements to be legally valid, including a legal description of the property being transferred, the names of the granter and grantee, consideration (usually monetary), and the signature of the granter. Additionally, these deeds must also be notarized and filed with the appropriate county clerk's office in Tarrant, Texas. In summary, a Tarrant, Texas warranty deed from an individual to an LLC is a legal document that transfers ownership of a property while providing a guarantee or warranty to the LLC regarding the property's title. The general warranty deed offers broader protection against any claims, while the special warranty deed limits the warranty to the granter's ownership period. Both deeds must meet certain requirements and be filed with the county clerk's office.
