This form is a Warranty Deed where the grantor and/or grantee could be a limited partnership or LLC.
League City Texas Warranty Deed for Limited Partnership or LLC can be a crucial legal document in commercial real estate transactions. This type of deed serves as evidence of ownership transfer when either the limited partnership or limited liability company (LLC) acts as the Granter or Grantee. In League City, Texas, several variations of this deed may exist, depending on the specific circumstances: 1. General League City Texas Warranty Deed for Limited Partnership as the Granter: This type of deed is utilized when a limited partnership wishes to transfer ownership of a property to another individual or entity. The limited partnership serves as the Granter, thereby relinquishing its rights and interests in the property. 2. Special League City Texas Warranty Deed for Limited Partnership as the Granter: This type of deed is similar to the general deed, but it includes specific covenants or warranties related to the property. These covenants assure the Grantee that the property is free from any encumbrances, except those explicitly stated in the agreement. 3. General League City Texas Warranty Deed for LLC as the Granter: In this scenario, an LLC, as the Granter, transfers ownership of a property to another party. The LLC holds title to the property and conveys its interest to the Grantee. 4. Special League City Texas Warranty Deed for LLC as the Granter: Similar to the limited partnership deed, this type of deed includes specific warranties regarding the property's condition, title, or any other assurances deemed necessary. When an LLC or limited partnership acts as the Grantee, these variations of League City Texas Warranty Deed may also apply, indicating that the entity is acquiring ownership of the property instead of relinquishing it. It's important to consult with a knowledgeable real estate attorney or legal professional to ensure the appropriate warranty deed type is selected for the transaction. The specific circumstances of the deal and the parties involved will determine which type of League City Texas Warranty Deed for Limited Partnership or LLC is most suitable.League City Texas Warranty Deed for Limited Partnership or LLC can be a crucial legal document in commercial real estate transactions. This type of deed serves as evidence of ownership transfer when either the limited partnership or limited liability company (LLC) acts as the Granter or Grantee. In League City, Texas, several variations of this deed may exist, depending on the specific circumstances: 1. General League City Texas Warranty Deed for Limited Partnership as the Granter: This type of deed is utilized when a limited partnership wishes to transfer ownership of a property to another individual or entity. The limited partnership serves as the Granter, thereby relinquishing its rights and interests in the property. 2. Special League City Texas Warranty Deed for Limited Partnership as the Granter: This type of deed is similar to the general deed, but it includes specific covenants or warranties related to the property. These covenants assure the Grantee that the property is free from any encumbrances, except those explicitly stated in the agreement. 3. General League City Texas Warranty Deed for LLC as the Granter: In this scenario, an LLC, as the Granter, transfers ownership of a property to another party. The LLC holds title to the property and conveys its interest to the Grantee. 4. Special League City Texas Warranty Deed for LLC as the Granter: Similar to the limited partnership deed, this type of deed includes specific warranties regarding the property's condition, title, or any other assurances deemed necessary. When an LLC or limited partnership acts as the Grantee, these variations of League City Texas Warranty Deed may also apply, indicating that the entity is acquiring ownership of the property instead of relinquishing it. It's important to consult with a knowledgeable real estate attorney or legal professional to ensure the appropriate warranty deed type is selected for the transaction. The specific circumstances of the deal and the parties involved will determine which type of League City Texas Warranty Deed for Limited Partnership or LLC is most suitable.
