This form is a Special Warranty Deed where the grantor is an LLC and the grantee is an individual.
Lewisville, Texas Special Warranty Deed for LLC to Individual A special warranty deed is a legal document commonly used in Lewisville, Texas, to transfer property ownership from a limited liability company (LLC) to an individual. In this type of transaction, the LLC assumes responsibility for any past legal claims or defects in the property title, but guarantees a clear title for the time the LLC owned the property. There are different types of special warranty deeds that can be used in Lewisville, Texas, for LLC to individual property transfers. They include: 1. Special Warranty Deed with General Covenants: This type of deed provides the individual buyer with certain warranties and protections, typically including the warranty against the granter's acts and further assurances. The LLC assures that it has not created any encumbrances or undisclosed liens on the property during its ownership. 2. Special Warranty Deed with Limited Covenants: This deed provides fewer warranties compared to the one with general covenants. It typically includes only the warranty against the granter's acts, reassuring that the LLC had not created encumbrances or undisclosed liens during its ownership. 3. Special Warranty Deed with Covenant of Basin: The LLC guarantees that it owns the property and has the right to convey it, assuring the individual buyer that there are no other ownership claims or interests over the property. 4. Special Warranty Deed with Covenant of Quiet Enjoyment: This deed guarantees the individual buyer that they will not be disturbed in their possession and enjoyment of the property by any third-party claims arising during the LLC's ownership. 5. Special Warranty Deed with Covenant Against Encumbrances: It assures the individual buyer that there are no undisclosed encumbrances or liens on the property during the LLC's ownership, meaning the property is free from legal burdens that could affect the buyer's rights. When drafting and executing a Lewisville, Texas Special Warranty Deed for LLC to Individual, it is crucial to consult with an experienced real estate attorney to ensure compliance with local laws and regulations. The attorney can ensure that the deed properly reflects the intended transfer and protects the interests of both parties involved. By utilizing a Lewisville, Texas Special Warranty Deed, the LLC can confidently transfer property ownership to an individual, while providing a level of protection against potential title defects or claims that may have arisen during the LLC's ownership.Lewisville, Texas Special Warranty Deed for LLC to Individual A special warranty deed is a legal document commonly used in Lewisville, Texas, to transfer property ownership from a limited liability company (LLC) to an individual. In this type of transaction, the LLC assumes responsibility for any past legal claims or defects in the property title, but guarantees a clear title for the time the LLC owned the property. There are different types of special warranty deeds that can be used in Lewisville, Texas, for LLC to individual property transfers. They include: 1. Special Warranty Deed with General Covenants: This type of deed provides the individual buyer with certain warranties and protections, typically including the warranty against the granter's acts and further assurances. The LLC assures that it has not created any encumbrances or undisclosed liens on the property during its ownership. 2. Special Warranty Deed with Limited Covenants: This deed provides fewer warranties compared to the one with general covenants. It typically includes only the warranty against the granter's acts, reassuring that the LLC had not created encumbrances or undisclosed liens during its ownership. 3. Special Warranty Deed with Covenant of Basin: The LLC guarantees that it owns the property and has the right to convey it, assuring the individual buyer that there are no other ownership claims or interests over the property. 4. Special Warranty Deed with Covenant of Quiet Enjoyment: This deed guarantees the individual buyer that they will not be disturbed in their possession and enjoyment of the property by any third-party claims arising during the LLC's ownership. 5. Special Warranty Deed with Covenant Against Encumbrances: It assures the individual buyer that there are no undisclosed encumbrances or liens on the property during the LLC's ownership, meaning the property is free from legal burdens that could affect the buyer's rights. When drafting and executing a Lewisville, Texas Special Warranty Deed for LLC to Individual, it is crucial to consult with an experienced real estate attorney to ensure compliance with local laws and regulations. The attorney can ensure that the deed properly reflects the intended transfer and protects the interests of both parties involved. By utilizing a Lewisville, Texas Special Warranty Deed, the LLC can confidently transfer property ownership to an individual, while providing a level of protection against potential title defects or claims that may have arisen during the LLC's ownership.
