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 Special Warranty Deed is a legal document used in real estate transactions to transfer property ownership from an individual to a limited liability company (LLC). In the context of Odessa, Texas, there are several types of Special Warranty Deed — Individual to LLC that are commonly used to convey ownership rights. 1. General Odessa Texas Special Warranty Deed — Individual to LLC: This type of Special Warranty Deed transfers the property from an individual to an LLC while providing limited assurances and protection against defects in title. It states that the granter (the individual) warrants the title only against claims that arise during their period of ownership. This deed is commonly used in real estate transactions within Odessa, Texas. 2. Limited Odessa Texas Special Warranty Deed — Individual to LLC: Similar to the general Special Warranty Deed, the limited Special Warranty Deed transfers ownership rights from an individual to an LLC. However, it limits the granter's warranty to only certain title issues or defects that arise during their period of ownership. This type of deed provides less comprehensive protection compared to a general Special Warranty Deed. 3. Quitclaim Odessa Texas Special Warranty Deed — Individual to LLC: Although not technically a Special Warranty Deed, a quitclaim deed is occasionally used to transfer property from an individual to an LLC in Odessa, Texas. Unlike a Special Warranty Deed, a quitclaim deed does not guarantee or warrant that the granter has clear title to the property being transferred. Instead, it simply releases the granter's interests, if any, in the property. When executing an Odessa Texas Special Warranty Deed — Individual to LLC, certain essential elements and provisions must be included. These may include the names and addresses of the granter and grantee, a clear and accurate legal description of the property, the purchase price if applicable, any encumbrances or liens on the property, and the signature and notarization of the granter. It is crucial to consult an experienced attorney or a qualified real estate professional to ensure the accuracy and validity of the deed.A Special Warranty Deed is a legal document used in real estate transactions to transfer property ownership from an individual to a limited liability company (LLC). In the context of Odessa, Texas, there are several types of Special Warranty Deed — Individual to LLC that are commonly used to convey ownership rights. 1. General Odessa Texas Special Warranty Deed — Individual to LLC: This type of Special Warranty Deed transfers the property from an individual to an LLC while providing limited assurances and protection against defects in title. It states that the granter (the individual) warrants the title only against claims that arise during their period of ownership. This deed is commonly used in real estate transactions within Odessa, Texas. 2. Limited Odessa Texas Special Warranty Deed — Individual to LLC: Similar to the general Special Warranty Deed, the limited Special Warranty Deed transfers ownership rights from an individual to an LLC. However, it limits the granter's warranty to only certain title issues or defects that arise during their period of ownership. This type of deed provides less comprehensive protection compared to a general Special Warranty Deed. 3. Quitclaim Odessa Texas Special Warranty Deed — Individual to LLC: Although not technically a Special Warranty Deed, a quitclaim deed is occasionally used to transfer property from an individual to an LLC in Odessa, Texas. Unlike a Special Warranty Deed, a quitclaim deed does not guarantee or warrant that the granter has clear title to the property being transferred. Instead, it simply releases the granter's interests, if any, in the property. When executing an Odessa Texas Special Warranty Deed — Individual to LLC, certain essential elements and provisions must be included. These may include the names and addresses of the granter and grantee, a clear and accurate legal description of the property, the purchase price if applicable, any encumbrances or liens on the property, and the signature and notarization of the granter. It is crucial to consult an experienced attorney or a qualified real estate professional to ensure the accuracy and validity of the deed.
