This form is a Special Warranty Deed where the grantor is an LLC and the grantee is an individual.
A McAllen Texas Special Warranty Deed for LLC to Individual is a legal document that transfers ownership of real property from a limited liability company (LLC) to an individual in McAllen, Texas, while providing limited warranties of title protection against claims made during the period of ownership by the LLC. In McAllen, Texas, there are typically three main types of Special Warranty Deeds used to transfer property from an LLC to an individual: 1. General Special Warranty Deed for LLC to Individual: This type of deed provides a warranty that the LLC, as the granter, has not encumbered the property during its ownership, except for any existing encumbrances specifically listed and disclosed in the deed. It protects the grantee, the individual receiving the property, against any claims or legal issues arising from the actions of the LLC before the transfer. 2. Special Warranty Deed with Limited Liability Clause for LLC to Individual: This variation of a Special Warranty Deed includes an additional clause limiting the LLC's liability for any defects or claims arising from the property prior to its transfer. The clause ensures that the individual grantee understands and acknowledges that the LLC is only responsible for any issues it caused during its ownership and does not assume responsibility for any pre-existing defects or claims. 3. Special Warranty Deed with Indemnity Clause for LLC to Individual: This type of special warranty deed is similar to the previous one, but it includes an indemnity clause. The indemnity clause states that the LLC will fully reimburse the individual grantee for any costs or damages incurred due to claims or legal actions regarding the property prior to the transfer that are not disclosed in the deed. This provides an additional layer of protection for the individual grantee against any unforeseen issues. When drafting a McAllen Texas Special Warranty Deed for LLC to Individual, it is essential to include specific details such as the legal description of the property, the names and addresses of the granter (LLC) and grantee (individual), the consideration paid for the property, any existing encumbrances, and a clear statement of the limited warranties being provided by the LLC. Overall, a McAllen Texas Special Warranty Deed for LLC to Individual assures the individual grantee that the LLC, as the previous owner, is taking responsibility and providing limited protection against any claims or defects that may arise during their period of ownership.A McAllen Texas Special Warranty Deed for LLC to Individual is a legal document that transfers ownership of real property from a limited liability company (LLC) to an individual in McAllen, Texas, while providing limited warranties of title protection against claims made during the period of ownership by the LLC. In McAllen, Texas, there are typically three main types of Special Warranty Deeds used to transfer property from an LLC to an individual: 1. General Special Warranty Deed for LLC to Individual: This type of deed provides a warranty that the LLC, as the granter, has not encumbered the property during its ownership, except for any existing encumbrances specifically listed and disclosed in the deed. It protects the grantee, the individual receiving the property, against any claims or legal issues arising from the actions of the LLC before the transfer. 2. Special Warranty Deed with Limited Liability Clause for LLC to Individual: This variation of a Special Warranty Deed includes an additional clause limiting the LLC's liability for any defects or claims arising from the property prior to its transfer. The clause ensures that the individual grantee understands and acknowledges that the LLC is only responsible for any issues it caused during its ownership and does not assume responsibility for any pre-existing defects or claims. 3. Special Warranty Deed with Indemnity Clause for LLC to Individual: This type of special warranty deed is similar to the previous one, but it includes an indemnity clause. The indemnity clause states that the LLC will fully reimburse the individual grantee for any costs or damages incurred due to claims or legal actions regarding the property prior to the transfer that are not disclosed in the deed. This provides an additional layer of protection for the individual grantee against any unforeseen issues. When drafting a McAllen Texas Special Warranty Deed for LLC to Individual, it is essential to include specific details such as the legal description of the property, the names and addresses of the granter (LLC) and grantee (individual), the consideration paid for the property, any existing encumbrances, and a clear statement of the limited warranties being provided by the LLC. Overall, a McAllen Texas Special Warranty Deed for LLC to Individual assures the individual grantee that the LLC, as the previous owner, is taking responsibility and providing limited protection against any claims or defects that may arise during their period of ownership.
