This form is a Special Warranty Deed where the grantor is an LLC and the grantee is an individual.
A special warranty deed is a legal document used in real estate transactions to transfer ownership rights from a limited liability company (LLC) to an individual in Dallas, Texas. This type of deed provides certain warranties and protections to the buyer, known as the grantee, while limiting the liability of the granter, in this case, the LLC. In Dallas, Texas, there are two main types of special warranty deeds for LLC to individual transfers: 1. Dallas Texas Special Warranty Deed for LLC to Individual — Residential Property: This type of special warranty deed pertains specifically to the transfer of ownership for residential properties, such as single-family homes, condominiums, or townhouses, from an LLC to an individual. The deed would include details such as the property's legal description, the name of the LLC, and the individual grantee's name. 2. Dallas Texas Special Warranty Deed for LLC to Individual — Commercial Property: This special warranty deed variant is used when transferring ownership of commercial properties, including office buildings, retail spaces, or industrial facilities, from an LLC to an individual. Similar to the residential deed, it would outline the property's legal description, LLC's name, and the individual grantee's details. When executing a Dallas Texas special warranty deed for LLC to an individual, several key elements are typically included: 1. Granter and Grantee Information: The deed should clearly state the name and contact details of the LLC as the granter, and the individual as the grantee. This information ensures the transfer is legally recognized and recorded. 2. Property Description: The deed should contain an accurate and detailed description of the property being transferred, including its legal description, boundaries, assessed parcel number, and any additional identifying information. 3. Special Warranty Provision: This provision limits the granter's liability to any defects or claims arising only during their ownership of the property. It guarantees that the property will be transferred free from any encumbrances or claims resulting from the granter's actions. 4. Consideration and Payment: The deed must document the consideration or payment made for the transfer of ownership from the LLC to the individual. This could be an agreed-upon purchase price or any other consideration reached during negotiations. 5. Signatures and Notary Acknowledgment: The deed must be signed by authorized representatives of the LLC and the individual grantee. A notary public should also acknowledge these signatures, confirming their authenticity. A Dallas Texas Special Warranty Deed for LLC to Individual serves as a legally binding contract that ensures the smooth and lawful transfer of property ownership rights between an LLC and an individual.A special warranty deed is a legal document used in real estate transactions to transfer ownership rights from a limited liability company (LLC) to an individual in Dallas, Texas. This type of deed provides certain warranties and protections to the buyer, known as the grantee, while limiting the liability of the granter, in this case, the LLC. In Dallas, Texas, there are two main types of special warranty deeds for LLC to individual transfers: 1. Dallas Texas Special Warranty Deed for LLC to Individual — Residential Property: This type of special warranty deed pertains specifically to the transfer of ownership for residential properties, such as single-family homes, condominiums, or townhouses, from an LLC to an individual. The deed would include details such as the property's legal description, the name of the LLC, and the individual grantee's name. 2. Dallas Texas Special Warranty Deed for LLC to Individual — Commercial Property: This special warranty deed variant is used when transferring ownership of commercial properties, including office buildings, retail spaces, or industrial facilities, from an LLC to an individual. Similar to the residential deed, it would outline the property's legal description, LLC's name, and the individual grantee's details. When executing a Dallas Texas special warranty deed for LLC to an individual, several key elements are typically included: 1. Granter and Grantee Information: The deed should clearly state the name and contact details of the LLC as the granter, and the individual as the grantee. This information ensures the transfer is legally recognized and recorded. 2. Property Description: The deed should contain an accurate and detailed description of the property being transferred, including its legal description, boundaries, assessed parcel number, and any additional identifying information. 3. Special Warranty Provision: This provision limits the granter's liability to any defects or claims arising only during their ownership of the property. It guarantees that the property will be transferred free from any encumbrances or claims resulting from the granter's actions. 4. Consideration and Payment: The deed must document the consideration or payment made for the transfer of ownership from the LLC to the individual. This could be an agreed-upon purchase price or any other consideration reached during negotiations. 5. Signatures and Notary Acknowledgment: The deed must be signed by authorized representatives of the LLC and the individual grantee. A notary public should also acknowledge these signatures, confirming their authenticity. A Dallas Texas Special Warranty Deed for LLC to Individual serves as a legally binding contract that ensures the smooth and lawful transfer of property ownership rights between an LLC and an individual.
