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 Pasadena Texas Special Warranty Deed — Individual to LLC is a legally binding document that transfers ownership of a property from an individual to a limited liability company (LLC) in Pasadena, Texas. This type of deed provides certain guarantees and protections to the LLC buyer. Unlike a general warranty deed, which offers comprehensive protection against any past claims on the property, a special warranty deed ensures protection only against claims made during the seller's ownership period. This means that the seller is warranting or guaranteeing the title of the property only for the time they personally owned it. By using a special warranty deed, an individual can transfer the ownership of a property to their LLC with certain limitations on liability and claims. This is particularly helpful for protecting the individual's personal assets from any potential lawsuits or liabilities associated with the property. There are different variations of Pasadena Texas Special Warranty Deed — Individual to LLC, each serving a specific purpose. Here are a few examples: 1. Pasadena Texas Special Warranty Deed with Right of Survivorship — Individual to LLC: This deed variation includes the right of survivorship clause, which means that if one owner of the LLC passes away, their ownership automatically transfers to the surviving owner(s) without the need for probate. 2. Pasadena Texas Special Warranty Deed with Restrictive Covenants — Individual to LLC: This type of special warranty deed includes additional provisions or restrictions on the use and development of the property. These restrictions can include limitations on the property's use, architectural guidelines, or prohibition on certain activities. 3. Pasadena Texas Special Warranty Deed with Reservation of Mineral Rights — Individual to LLC: In this deed variation, the individual seller retains the rights to any minerals (such as oil or gas) that may be present beneath the property's surface. The LLC only gains ownership of the land itself, excluding any subsurface mineral rights. When preparing a Pasadena Texas Special Warranty Deed — Individual to LLC, it is crucial to consult with a professional real estate attorney who can ensure that all necessary details and specific requirements are met. This will help both parties complete the transaction smoothly and provide adequate legal protection.A Pasadena Texas Special Warranty Deed — Individual to LLC is a legally binding document that transfers ownership of a property from an individual to a limited liability company (LLC) in Pasadena, Texas. This type of deed provides certain guarantees and protections to the LLC buyer. Unlike a general warranty deed, which offers comprehensive protection against any past claims on the property, a special warranty deed ensures protection only against claims made during the seller's ownership period. This means that the seller is warranting or guaranteeing the title of the property only for the time they personally owned it. By using a special warranty deed, an individual can transfer the ownership of a property to their LLC with certain limitations on liability and claims. This is particularly helpful for protecting the individual's personal assets from any potential lawsuits or liabilities associated with the property. There are different variations of Pasadena Texas Special Warranty Deed — Individual to LLC, each serving a specific purpose. Here are a few examples: 1. Pasadena Texas Special Warranty Deed with Right of Survivorship — Individual to LLC: This deed variation includes the right of survivorship clause, which means that if one owner of the LLC passes away, their ownership automatically transfers to the surviving owner(s) without the need for probate. 2. Pasadena Texas Special Warranty Deed with Restrictive Covenants — Individual to LLC: This type of special warranty deed includes additional provisions or restrictions on the use and development of the property. These restrictions can include limitations on the property's use, architectural guidelines, or prohibition on certain activities. 3. Pasadena Texas Special Warranty Deed with Reservation of Mineral Rights — Individual to LLC: In this deed variation, the individual seller retains the rights to any minerals (such as oil or gas) that may be present beneath the property's surface. The LLC only gains ownership of the land itself, excluding any subsurface mineral rights. When preparing a Pasadena Texas Special Warranty Deed — Individual to LLC, it is crucial to consult with a professional real estate attorney who can ensure that all necessary details and specific requirements are met. This will help both parties complete the transaction smoothly and provide adequate legal protection.
