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.
The Tarrant Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company is a legal document used to transfer property ownership from a married couple to a limited liability company (LLC). This type of deed offers certain guarantees and protections to the new LLC owner, known as the grantee. A warranty deed is a type of deed commonly used in real estate transactions, providing the grantee with assurances that the property being transferred is free from any encumbrances or defects in the title. This means that the granter (the married couple) guarantees that they have clear ownership of the property and have the legal right to transfer it to the LLC. In Tarrant County, Texas, there are a few key variations or subtypes of the Tarrant Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company: 1. General Warranty Deed: This is the most common subtype, providing the broadest warranty protection to the grantee. It guarantees that the granter has clear title and will defend the title against any claims or legal issues that may arise. 2. Special Warranty Deed: This subtype offers a more limited warranty compared to the general warranty deed. It only guarantees that the granter has not caused or allowed any defects or encumbrances to occur during their ownership of the property. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed is another type of deed that can be used in property transfers. It does not provide any warranty or guarantee of the granter's title. Instead, it simply transfers the granter's interest or claim to the property to the LLC. When transferring property from a husband and wife to an LLC, it is essential to ensure that all necessary legal steps are followed. This involves drafting a deed that is compliant with Texas state laws, including the requirements for acknowledgment, recording, and execution. Overall, the Tarrant Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company serves as a vital legal instrument in facilitating the transfer of property ownership, while offering important warranty protections to the grantee. Properly executing this deed ensures a smooth and secure transition of property rights from the married couple to the LLC.The Tarrant Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company is a legal document used to transfer property ownership from a married couple to a limited liability company (LLC). This type of deed offers certain guarantees and protections to the new LLC owner, known as the grantee. A warranty deed is a type of deed commonly used in real estate transactions, providing the grantee with assurances that the property being transferred is free from any encumbrances or defects in the title. This means that the granter (the married couple) guarantees that they have clear ownership of the property and have the legal right to transfer it to the LLC. In Tarrant County, Texas, there are a few key variations or subtypes of the Tarrant Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company: 1. General Warranty Deed: This is the most common subtype, providing the broadest warranty protection to the grantee. It guarantees that the granter has clear title and will defend the title against any claims or legal issues that may arise. 2. Special Warranty Deed: This subtype offers a more limited warranty compared to the general warranty deed. It only guarantees that the granter has not caused or allowed any defects or encumbrances to occur during their ownership of the property. 3. Quitclaim Deed: Although not a warranty deed, a quitclaim deed is another type of deed that can be used in property transfers. It does not provide any warranty or guarantee of the granter's title. Instead, it simply transfers the granter's interest or claim to the property to the LLC. When transferring property from a husband and wife to an LLC, it is essential to ensure that all necessary legal steps are followed. This involves drafting a deed that is compliant with Texas state laws, including the requirements for acknowledgment, recording, and execution. Overall, the Tarrant Texas Assumption Warranty Deed — Husband and Wife to Limited Liability Company serves as a vital legal instrument in facilitating the transfer of property ownership, while offering important warranty protections to the grantee. Properly executing this deed ensures a smooth and secure transition of property rights from the married couple to the LLC.
