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 Pearland Texas Special Warranty Deed — Individual to LLC is a legal document used in real estate transactions to transfer ownership of a property from an individual to a Limited Liability Company (LLC). This type of deed provides certain warranties and protections to the LLC as the new owner of the property. In Pearland, Texas, there are several types of Special Warranty Deeds that can be used to transfer ownership from an individual to an LLC. These include: 1. General Special Warranty Deed: This type of deed guarantees that the granter (individual) has not done anything to impair the title of the property during their ownership. It provides limited warranties only for the time the granter owned the property. 2. Deed with Enhanced Vendor's Lien: In cases where the individual is transferring the property to the LLC but still owes a debt or mortgage on the property, this type of deed includes an enhanced vendor's lien. The LLC becomes responsible for the outstanding debt and mortgage, and the granter assumes the role of the vendor. 3. Trustee's Deed: If the individual owns the property as a trustee of a trust or as a fiduciary, this type of deed is used to transfer the property from the individual trustee to the LLC. When preparing a Pearland Texas Special Warranty Deed — Individual to LLC, it is important to include relevant keywords and information. These may include: Granteror and grantee details: The full legal names and addresses of both the individual (granter) and the LLC (grantee) should be included. — Property description: A detailed description of the property being transferred, including the address, lot number, and any other necessary identifying information. — Consideration: The amount or form of consideration (consideration can be monetary payment, future obligations, or a combination of both) exchanged for the transfer of ownership should be specified. — Special warranties: The deed should explicitly state the special warranties provided by the granter to the LLC, such as clear title and protection against any title defects that may arise during the granter's ownership. — Execution and acknowledgment: The deed must be signed and notarized by the granter in the presence of witnesses. It is crucial to comply with all legal requirements for the deed to be valid. By using the appropriate type of Pearland Texas Special Warranty Deed, individuals can ensure a smooth and legally protected transfer of property ownership to an LLC. It is highly recommended consulting with a qualified real estate attorney to assist in preparing and executing the deed accurately.A Pearland Texas Special Warranty Deed — Individual to LLC is a legal document used in real estate transactions to transfer ownership of a property from an individual to a Limited Liability Company (LLC). This type of deed provides certain warranties and protections to the LLC as the new owner of the property. In Pearland, Texas, there are several types of Special Warranty Deeds that can be used to transfer ownership from an individual to an LLC. These include: 1. General Special Warranty Deed: This type of deed guarantees that the granter (individual) has not done anything to impair the title of the property during their ownership. It provides limited warranties only for the time the granter owned the property. 2. Deed with Enhanced Vendor's Lien: In cases where the individual is transferring the property to the LLC but still owes a debt or mortgage on the property, this type of deed includes an enhanced vendor's lien. The LLC becomes responsible for the outstanding debt and mortgage, and the granter assumes the role of the vendor. 3. Trustee's Deed: If the individual owns the property as a trustee of a trust or as a fiduciary, this type of deed is used to transfer the property from the individual trustee to the LLC. When preparing a Pearland Texas Special Warranty Deed — Individual to LLC, it is important to include relevant keywords and information. These may include: Granteror and grantee details: The full legal names and addresses of both the individual (granter) and the LLC (grantee) should be included. — Property description: A detailed description of the property being transferred, including the address, lot number, and any other necessary identifying information. — Consideration: The amount or form of consideration (consideration can be monetary payment, future obligations, or a combination of both) exchanged for the transfer of ownership should be specified. — Special warranties: The deed should explicitly state the special warranties provided by the granter to the LLC, such as clear title and protection against any title defects that may arise during the granter's ownership. — Execution and acknowledgment: The deed must be signed and notarized by the granter in the presence of witnesses. It is crucial to comply with all legal requirements for the deed to be valid. By using the appropriate type of Pearland Texas Special Warranty Deed, individuals can ensure a smooth and legally protected transfer of property ownership to an LLC. It is highly recommended consulting with a qualified real estate attorney to assist in preparing and executing the deed accurately.
