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Harris Texas Warranty Deed for Limited Partnership or LLC is the Grantor, or Grantee

Category:
Real Estate - Deeds - Warranty
State:
Texas
County:
Harris
Control #:
TX-SDEED-7
Format:
Word; 
Rich Text
Instant download
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Description

This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.

A Harris Texas Warranty Deed for Limited Partnership or LLC is a legal document used in real estate transactions when a limited partnership or limited liability company (LLC) is involved as either the Granter or Grantee. This specific type of deed ensures that the property being transferred is free of any liens, encumbrances, or claims, and guarantees that the Granter has the legal authority to transfer the property. One type of Harris Texas Warranty Deed for Limited Partnership or LLC is the Granter's Deed. In this case, the limited partnership or LLC acts as the Granter, transferring their ownership interest or rights in the property to another party, typically an individual or another business entity. Another type is the Grantee's Deed, where the limited partnership or LLC acts as the Grantee, acquiring ownership or rights to a property from another party. This document serves as proof of ownership and the transfer of title from the Granter to the Grantee. When creating a Harris Texas Warranty Deed for Limited Partnership or LLC, certain important elements should be included. Firstly, the document must clearly state the names and addresses of both the Granter and Grantee, along with their respective limited partnership or LLC information. The property being transferred should be described accurately, including its legal description, address, and any relevant survey or plat information. The deed should also describe the type of interest being conveyed, whether it is a fee simple interest or a specific portion of the property. Additionally, the consideration or payment made for the property must be mentioned, as well as any warranties or guarantees being provided by the Granter to the Grantee regarding the property's title. To ensure the validity and effectiveness of the Harris Texas Warranty Deed for Limited Partnership or LLC, it must be signed and notarized by the authorized representative of the Granter company. It is advisable to consult with an attorney or a real estate professional experienced in Texas property laws while preparing and executing this legal document. In summary, a Harris Texas Warranty Deed for Limited Partnership or LLC is a specialized document used in property transactions involving these particular business entities. It facilitates the transfer of real estate rights, ensures clear title, and protects the interests of both the Granter and Grantee. Properly drafting and executing this deed is crucial to establish a valid and legally binding property transfer.

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FAQ

A trustee deed?sometimes called a deed of trust or a trust deed?is a legal document created when someone purchases real estate in a trust deed state, such as California (check your local laws to see what is required in your state). A trust deed is used in place of a mortgage.

A grant deed, also known as a special or limited warranty deed, is a legal document used to transfer real estate between a previous owner (the grantor) and a new owner (the grantee).

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

No, a warranty deed does not prove ownership. A title search is the best way to prove that a grantor rightfully owns a property. The warranty deed is a legal document that offers the buyer protection. In other words, the property title and warranty deed work in tandem together.

The most common type of deed used in Texas is a general warranty deed. This type of deed guarantees the title comes without any liens, easements, or other title problems. A general warranty deed also assures the buyer that there will be no issues with the title.

General Warranty Deed prepared for $195 Do you have questions about a General Warranty Deed?

A general warranty deed is the most beneficial for the home buyer because it provides the greatest amount of protection. It's a guarantee from the current owners (also referred to as grantors) that they have full ownership of the property and have disclosed all encumbrances, liens, easements and judgments.

Quitclaim Deeds The quitclaim deed is used in those cases where the grantor does not want to assume further liability, or feels no need to guarantee title, such as when a family member transfers title to another family member or the grantor is only transferring some of his rights and not conveying a fee simple estate.

Which type of deed is used by a grantor whose interest in the real estate may be unknown? The answer is a quitclaim deed. A quitclaim deed transfers whatever interest the grantor may have. If the grantor has no interest, the grantee will acquire nothing and have no right of warranty claim against the grantor.

The Quitclaim Deed A quitclaim deed provides the least protection for the buyer, and its uses are very limited. This type of deed simply transfers any interest the grantor might have in the property. It doesn't guarantee that the grantor has any interest to convey.

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A warranty deed, note, and deed of trust are the three principal documents in most Texas residential real estate transactions. A Special Warranty Deed is a document that transfers title with both express and implied warranties.A county clerk in a county with a population of 3. A general warranty deed conveys to the grantee the whole navy of the grantor in the. That interfere one disease why ultimately a quitclaim deed could. Special Warranty Deed. SPECIAL WARRANTY DEED. Cocoa. The warranty deed with vendor's lien and both deeds of trust were each recorded, apparently simultaneously, in the records of. Gregg County, Texas. LLC, a Texas limited liability company, on behalf of sai company.

The property on the lien deed has been sold and the vendor's lien discharged. The seller in good faith disclaims any liability whatsoever for the use of and condition on that property and any consequential loss. The purchaser undertakes to deliver the property to the purchaser on a new and bona fide purchaser's acceptable title, at the buyer's expense and risk, and the purchaser undertakes to pay not more than the purchase prices for the property. The purchaser is under no obligation to use the property or any part thereof for a period of fifteen years after the date of the conveyance. Page 456 U. S. 711 If the property sold by the vendor is a realty and the buyer acquires no interest of a substantial character in the property as a result of the conveyance of the vendor's lien, it would not violate § 1331 to transfer title and convey the property to the buyer on discharge or in substitution for another's lien.

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