This form is a Special Warranty Deed where the grantor is an LLC and the grantee is an individual.
League City, Texas Special Warranty Deed for LLC to Individual A special warranty deed is a type of legal document used to transfer ownership of real estate property from a Limited Liability Company (LLC) to an individual in League City, Texas. This deed provides certain assurances and protections to the individual buyer regarding the property's title history. In League City, there are a few variations of special warranty deeds for LLC to individual transfers that are commonly used: 1. General Special Warranty Deed: This form transfers the property from the LLC to the individual buyer with certain assurances that the LLC has not encumbered the property during its ownership, except for those specifically mentioned in the deed. 2. Special Warranty Deed with Exclusions: This type of special warranty deed includes specific exclusions or exceptions that limit the LLC's warranty to certain aspects of the property. For example, the deed may exclude any rights or claims related to any existing liens or encumbrances on the property. 3. Special Warranty Deed with Limited Coverage: In some cases, a special warranty deed with limited coverage may be used, which provides a more confined warranty by the LLC. This type of deed guarantees that the LLC only provides warranty or protections to the individual buyer for issues that occurred during its ownership of the property, excluding any claims arising prior to its ownership. 4. Special Warranty Deed with Covenants: This variation of the special warranty deed may include additional covenants or promises made by the LLC to protect the buyer. These covenants could include assurances of quiet enjoyment of the property, no undisclosed easements or restrictions, or no undisclosed environmental hazards. When utilizing a special warranty deed for LLC to individual transfers in League City, Texas, it is essential to consult with a qualified real estate attorney to ensure the document accurately reflects the specific circumstances and provides adequate protections for the buyer. Additionally, conducting a thorough title search and obtaining title insurance is highly recommended safeguarding against any unforeseen issues with the property's history. Overall, a League City, Texas special warranty deed for LLC to individual transfers provides the buyer with a level of confidence and security regarding the property's title history during the LLC's ownership, making it an essential component of any real estate transaction involving these parties.League City, Texas Special Warranty Deed for LLC to Individual A special warranty deed is a type of legal document used to transfer ownership of real estate property from a Limited Liability Company (LLC) to an individual in League City, Texas. This deed provides certain assurances and protections to the individual buyer regarding the property's title history. In League City, there are a few variations of special warranty deeds for LLC to individual transfers that are commonly used: 1. General Special Warranty Deed: This form transfers the property from the LLC to the individual buyer with certain assurances that the LLC has not encumbered the property during its ownership, except for those specifically mentioned in the deed. 2. Special Warranty Deed with Exclusions: This type of special warranty deed includes specific exclusions or exceptions that limit the LLC's warranty to certain aspects of the property. For example, the deed may exclude any rights or claims related to any existing liens or encumbrances on the property. 3. Special Warranty Deed with Limited Coverage: In some cases, a special warranty deed with limited coverage may be used, which provides a more confined warranty by the LLC. This type of deed guarantees that the LLC only provides warranty or protections to the individual buyer for issues that occurred during its ownership of the property, excluding any claims arising prior to its ownership. 4. Special Warranty Deed with Covenants: This variation of the special warranty deed may include additional covenants or promises made by the LLC to protect the buyer. These covenants could include assurances of quiet enjoyment of the property, no undisclosed easements or restrictions, or no undisclosed environmental hazards. When utilizing a special warranty deed for LLC to individual transfers in League City, Texas, it is essential to consult with a qualified real estate attorney to ensure the document accurately reflects the specific circumstances and provides adequate protections for the buyer. Additionally, conducting a thorough title search and obtaining title insurance is highly recommended safeguarding against any unforeseen issues with the property's history. Overall, a League City, Texas special warranty deed for LLC to individual transfers provides the buyer with a level of confidence and security regarding the property's title history during the LLC's ownership, making it an essential component of any real estate transaction involving these parties.
