This form is an Assumption Warranty Deed where the Grantors are husband and wife and the Grantee is a limited liability company. Grantors convey and warrant the described property to the Grantee. As part of the consideration for the transfer, the Grantee assumes the existing note and deed of trust. This deed complies with all state statutory laws.
A Brownsville Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company is a legal document that serves to transfer property from a married couple to a Limited Liability Company (LLC) in Brownsville, Texas. This type of deed provides certain assurances to the LLC regarding the ownership, condition, and title of the property being transferred. It is important to understand the different types of Assumption Warranty Deeds in Brownsville to ensure the correct documentation is selected for the specific transaction. 1. Assumption Warranty Deed — Husband and Wife to Single-Member LLC: This type of Assumption Warranty Deed is used when a married couple wants to transfer property to a Limited Liability Company with only one member. The LLC will assume all responsibilities, benefits, and obligations associated with the property, providing liability protection for the couple in case of legal issues. 2. Assumption Warranty Deed — Husband and Wife to Multi-Member LLC: In cases where a married couple wants to transfer property to a Limited Liability Company with multiple members, this type of Assumption Warranty Deed is utilized. The LLC, consisting of more than one member, will assume ownership and manage the property collectively, each member holding their respective share. 3. Assumption Warranty Deed with Special Warranty — Husband and Wife to LLC: While the standard Assumption Warranty Deed provides broad assurances to the LLC, the Assumption Warranty Deed with Special Warranty narrows down the scope of warranties. It protects the LLC against any claims arising only during the time the transferring couple owned the property, ensuring some form of limited warranty coverage. 4. Assumption Warranty Deed — Husband and Wife to LLC with Right of Survivorship: This type of Assumption Warranty Deed grants the LLC the right of survivorship, meaning that if one spouse passes away, the other automatically becomes the sole owner of the property within the LLC. This provision offers convenience and avoids potential complications in the event of a spouse's death. When executing a Brownsville Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company, it is crucial to consult with a qualified attorney who specializes in real estate law. This ensures that the transfer process is legally compliant, protects the interests of the transferring couple and the LLC, and provides clarity for all parties involved in the property transaction.A Brownsville Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company is a legal document that serves to transfer property from a married couple to a Limited Liability Company (LLC) in Brownsville, Texas. This type of deed provides certain assurances to the LLC regarding the ownership, condition, and title of the property being transferred. It is important to understand the different types of Assumption Warranty Deeds in Brownsville to ensure the correct documentation is selected for the specific transaction. 1. Assumption Warranty Deed — Husband and Wife to Single-Member LLC: This type of Assumption Warranty Deed is used when a married couple wants to transfer property to a Limited Liability Company with only one member. The LLC will assume all responsibilities, benefits, and obligations associated with the property, providing liability protection for the couple in case of legal issues. 2. Assumption Warranty Deed — Husband and Wife to Multi-Member LLC: In cases where a married couple wants to transfer property to a Limited Liability Company with multiple members, this type of Assumption Warranty Deed is utilized. The LLC, consisting of more than one member, will assume ownership and manage the property collectively, each member holding their respective share. 3. Assumption Warranty Deed with Special Warranty — Husband and Wife to LLC: While the standard Assumption Warranty Deed provides broad assurances to the LLC, the Assumption Warranty Deed with Special Warranty narrows down the scope of warranties. It protects the LLC against any claims arising only during the time the transferring couple owned the property, ensuring some form of limited warranty coverage. 4. Assumption Warranty Deed — Husband and Wife to LLC with Right of Survivorship: This type of Assumption Warranty Deed grants the LLC the right of survivorship, meaning that if one spouse passes away, the other automatically becomes the sole owner of the property within the LLC. This provision offers convenience and avoids potential complications in the event of a spouse's death. When executing a Brownsville Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company, it is crucial to consult with a qualified attorney who specializes in real estate law. This ensures that the transfer process is legally compliant, protects the interests of the transferring couple and the LLC, and provides clarity for all parties involved in the property transaction.
