This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.
A warranty deed is a legal document used in real estate transactions that provides a guarantee or warranty by the granter to the grantee, ensuring that the granter has clear title to the property and has the right to sell it. In College Station, Texas, there are specific types of warranty deeds for Limited Partnership or Limited Liability Company (LLC) entities acting as either the granter or the grantee. 1. Limited Partnership as the Granter: A limited partnership (LP) in College Station, Texas, can use a warranty deed to transfer property ownership. This type of deed protects the grantee by guaranteeing that the LP has full authority to sell the property and that the property is free from any unknown claims or encumbrances. The LP as the granter conveys their ownership interest in the property to the grantee through this deed. 2. Limited Partnership as the Grantee: When a limited partnership is the grantee in a warranty deed, it means that the LP is acquiring property ownership rights from another party. The granter of the warranty deed assures the LP as the grantee that they have the lawful title and right to sell the property without any undisclosed claims or liens. 3. LLC as the Granter: A limited liability company (LLC) in College Station, Texas, can also execute a warranty deed when transferring real estate ownership rights. The LLC, acting as the granter, guarantees the grantee that the property being conveyed is owned by the LLC and that no undisclosed claims or liens exist. This type of deed provides additional assurance to the grantee regarding the marketability and title of the property. 4. LLC as the Grantee: As the grantee of a warranty deed, an LLC in College Station, Texas, receives property ownership rights from another party. The granter, by executing the warranty deed, ensures that they have the legal right to sell the property to the LLC, and the property's title is clean, free from defects or undisclosed claims. In summary, a College Station Texas warranty deed for Limited Partnership or LLC can serve various purposes depending on whether the entity is the granter or the grantee. It guarantees the legitimacy and marketability of the property, ensuring a smooth and secure real estate transfer.A warranty deed is a legal document used in real estate transactions that provides a guarantee or warranty by the granter to the grantee, ensuring that the granter has clear title to the property and has the right to sell it. In College Station, Texas, there are specific types of warranty deeds for Limited Partnership or Limited Liability Company (LLC) entities acting as either the granter or the grantee. 1. Limited Partnership as the Granter: A limited partnership (LP) in College Station, Texas, can use a warranty deed to transfer property ownership. This type of deed protects the grantee by guaranteeing that the LP has full authority to sell the property and that the property is free from any unknown claims or encumbrances. The LP as the granter conveys their ownership interest in the property to the grantee through this deed. 2. Limited Partnership as the Grantee: When a limited partnership is the grantee in a warranty deed, it means that the LP is acquiring property ownership rights from another party. The granter of the warranty deed assures the LP as the grantee that they have the lawful title and right to sell the property without any undisclosed claims or liens. 3. LLC as the Granter: A limited liability company (LLC) in College Station, Texas, can also execute a warranty deed when transferring real estate ownership rights. The LLC, acting as the granter, guarantees the grantee that the property being conveyed is owned by the LLC and that no undisclosed claims or liens exist. This type of deed provides additional assurance to the grantee regarding the marketability and title of the property. 4. LLC as the Grantee: As the grantee of a warranty deed, an LLC in College Station, Texas, receives property ownership rights from another party. The granter, by executing the warranty deed, ensures that they have the legal right to sell the property to the LLC, and the property's title is clean, free from defects or undisclosed claims. In summary, a College Station Texas warranty deed for Limited Partnership or LLC can serve various purposes depending on whether the entity is the granter or the grantee. It guarantees the legitimacy and marketability of the property, ensuring a smooth and secure real estate transfer.
