This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is a limited liability company. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Lewisville Texas Special Warranty Deed — Individual to LLC is a legal document used to transfer ownership of a property from an individual to a limited liability company (LLC) in the city of Lewisville, Texas. This type of deed provides specific warranties and protections that are unique to the transfer of property to an LLC. In this Special Warranty Deed, the individual owner, also known as the granter, conveys the property to the LLC, known as the grantee. This deed guarantees that the granter has the authority to transfer the property and that the property is free from any encumbrances or defects during the time when the granter owned it. There are different types of Special Warranty Deed — Individual to LLC that may vary depending on the specifics of the transaction. Some of these variations include: 1. General Special Warranty Deed: This type of Special Warranty Deed is the most commonly used and covers the transfer of property from an individual to an LLC without any specific conditions or limitations. 2. Special Warranty Deed with Exceptions: This variation of the deed specifies certain exceptions or limitations to the warranties provided by the granter. These exceptions could include known defects or encumbrances on the property that the granter wants to disclose and not assume responsibility for. 3. Special Warranty Deed for Commercial Property: If the transfer involves commercial real estate, this type of Special Warranty Deed may be used. It includes additional provisions and warranties tailored to commercial transactions, such as compliance with zoning laws, environmental regulations, and any existing leases or contracts. Special Warranty Deeds offer a level of protection to both parties involved in the transfer of property from an individual to an LLC. It ensures that the granter has clear title to the property and provides some assurance to the grantee regarding any defects that may arise during the granter's ownership. It's important to consult with a qualified real estate attorney or an experienced title company specializing in Lewisville, Texas, to understand all the implications and requirements specific to this type of deed. These professionals can guide you through the process, draft the necessary documents, and ensure a smooth transfer of ownership from an individual to an LLC in Lewisville, Texas.
