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 McKinney Texas Special Warranty Deed — Individual to LLC is a legally binding document that transfers real estate ownership from an individual to a limited liability company (LLC) while providing a limited warranty against any defects in the title during the granter's ownership period. In McKinney, Texas, there are various types of Special Warranty Deeds that can be used to transfer real estate from an individual to an LLC. These include: 1. McKinney Texas Special Warranty Deed — Individual to Single-Member LLC: This deed transfers property ownership from an individual to an LLC with only one member (owner). It is commonly used when an individual wants to convert personal real estate holdings into assets of their single-member LLC, providing liability protection and potentially tax benefits. 2. McKinney Texas Special Warranty Deed — Individual to Multi-Member LLC: This type of deed transfers property ownership from an individual to an LLC with multiple members. It is frequently used when several individuals want to collectively own and manage real estate investments within an LLC structure, allowing for shared responsibilities, liability protection, and potential tax advantages. 3. McKinney Texas Special Warranty Deed — Individual to Series LLC: This deed transfers property ownership from an individual to a Series LLC. A Series LLC is a unique form of LLC permitted in some states, including Texas, where the LLC can have separate series or subclass with their own assets and liabilities. This type of deed is often used when a property owner wants to segregate different real estate holdings under one umbrella LLC, providing asset protection and operational flexibility. The McKinney Texas Special Warranty Deed — Individual to LLC ensures that thgranteror (individual) guarantees that they have not encumbered the property with any undisclosed mortgages, liens, or leases, except as previously disclosed in the deed. The deed further stipulates that the granter will defend the title against all lawful claims or demands of all persons claiming by, through, or under them. This document typically includes important information such as the legal description of the property, the names of the granter and grantee (LLC), the consideration paid for the property, and any conditions or restrictions associated with the transfer. It requires the presence of a notary public to witness the granter's signature. By using a Special Warranty Deed, individuals can efficiently transfer their real estate assets to an LLC, benefitting from the liability protection and strategic management opportunities that an LLC structure provides. Whether it's a single-member LLC, multi-member LLC, or a series LLC, the appropriate Special Warranty Deed must be selected based on the specific ownership and organizational requirements of the parties involved.A McKinney Texas Special Warranty Deed — Individual to LLC is a legally binding document that transfers real estate ownership from an individual to a limited liability company (LLC) while providing a limited warranty against any defects in the title during the granter's ownership period. In McKinney, Texas, there are various types of Special Warranty Deeds that can be used to transfer real estate from an individual to an LLC. These include: 1. McKinney Texas Special Warranty Deed — Individual to Single-Member LLC: This deed transfers property ownership from an individual to an LLC with only one member (owner). It is commonly used when an individual wants to convert personal real estate holdings into assets of their single-member LLC, providing liability protection and potentially tax benefits. 2. McKinney Texas Special Warranty Deed — Individual to Multi-Member LLC: This type of deed transfers property ownership from an individual to an LLC with multiple members. It is frequently used when several individuals want to collectively own and manage real estate investments within an LLC structure, allowing for shared responsibilities, liability protection, and potential tax advantages. 3. McKinney Texas Special Warranty Deed — Individual to Series LLC: This deed transfers property ownership from an individual to a Series LLC. A Series LLC is a unique form of LLC permitted in some states, including Texas, where the LLC can have separate series or subclass with their own assets and liabilities. This type of deed is often used when a property owner wants to segregate different real estate holdings under one umbrella LLC, providing asset protection and operational flexibility. The McKinney Texas Special Warranty Deed — Individual to LLC ensures that thgranteror (individual) guarantees that they have not encumbered the property with any undisclosed mortgages, liens, or leases, except as previously disclosed in the deed. The deed further stipulates that the granter will defend the title against all lawful claims or demands of all persons claiming by, through, or under them. This document typically includes important information such as the legal description of the property, the names of the granter and grantee (LLC), the consideration paid for the property, and any conditions or restrictions associated with the transfer. It requires the presence of a notary public to witness the granter's signature. By using a Special Warranty Deed, individuals can efficiently transfer their real estate assets to an LLC, benefitting from the liability protection and strategic management opportunities that an LLC structure provides. Whether it's a single-member LLC, multi-member LLC, or a series LLC, the appropriate Special Warranty Deed must be selected based on the specific ownership and organizational requirements of the parties involved.
