This form is a Special Warranty Deed where the grantor is an LLC and the grantee is an individual.
The Odessa Texas Special Warranty Deed for LLC to Individual is a legal document used to transfer property ownership from a limited liability company (LLC) to an individual with certain warranty assurances. This type of deed ensures the grantee receives protection only against claims or encumbrances arising during the time the granter owned the property. There are several variations of the Odessa Texas Special Warranty Deed for LLC to Individual, each designed to cater to specific situations. Some common types include: 1. Single-member LLC to Individual Special Warranty Deed: This type of special warranty deed is used when a property owned by a single-member LLC is being transferred to an individual. 2. Multi-member LLC to Individual Special Warranty Deed: When a property owned by a multi-member LLC is being transferred to an individual, this variation of the special warranty deed is utilized. 3. Special Warranty Deed for LLC to Individual for Residential Property: This specific type of special warranty deed is used when the property being transferred is a residential property, such as a house or an apartment. 4. Special Warranty Deed for LLC to Individual for Commercial Property: When the property being transferred is a commercial property, such as a retail store or office space, this variation of the special warranty deed is employed. 5. Special Warranty Deed for LLC to Individual with Liens: This type of special warranty deed is used when the property being transferred has certain liens or encumbrances that the grantee must be made aware of. Regardless of the specific type of special warranty deed, these documents typically include important information such as: — Details of the LLC, including its name, registered address, and the legal authority to sell the property. — Identifying information of thgranteror (the LLC) and the grantee (the individual), including their legal names and addresses. — A complete legal description of the property being transferred, including the address, lot number, and any other relevant details. — Assertions and warranties by thgranteror, stating that the property is being transferred with limited warranty and that the grantee will be protected against any claims or encumbrances made during the granter's ownership period. — Signatures of both parties involved, along with notarization and witnessing for legal validity. It is essential to consult with a real estate attorney or professional when drafting or executing an Odessa Texas Special Warranty Deed for LLC to Individual, to ensure compliance with all applicable laws and regulations.The Odessa Texas Special Warranty Deed for LLC to Individual is a legal document used to transfer property ownership from a limited liability company (LLC) to an individual with certain warranty assurances. This type of deed ensures the grantee receives protection only against claims or encumbrances arising during the time the granter owned the property. There are several variations of the Odessa Texas Special Warranty Deed for LLC to Individual, each designed to cater to specific situations. Some common types include: 1. Single-member LLC to Individual Special Warranty Deed: This type of special warranty deed is used when a property owned by a single-member LLC is being transferred to an individual. 2. Multi-member LLC to Individual Special Warranty Deed: When a property owned by a multi-member LLC is being transferred to an individual, this variation of the special warranty deed is utilized. 3. Special Warranty Deed for LLC to Individual for Residential Property: This specific type of special warranty deed is used when the property being transferred is a residential property, such as a house or an apartment. 4. Special Warranty Deed for LLC to Individual for Commercial Property: When the property being transferred is a commercial property, such as a retail store or office space, this variation of the special warranty deed is employed. 5. Special Warranty Deed for LLC to Individual with Liens: This type of special warranty deed is used when the property being transferred has certain liens or encumbrances that the grantee must be made aware of. Regardless of the specific type of special warranty deed, these documents typically include important information such as: — Details of the LLC, including its name, registered address, and the legal authority to sell the property. — Identifying information of thgranteror (the LLC) and the grantee (the individual), including their legal names and addresses. — A complete legal description of the property being transferred, including the address, lot number, and any other relevant details. — Assertions and warranties by thgranteror, stating that the property is being transferred with limited warranty and that the grantee will be protected against any claims or encumbrances made during the granter's ownership period. — Signatures of both parties involved, along with notarization and witnessing for legal validity. It is essential to consult with a real estate attorney or professional when drafting or executing an Odessa Texas Special Warranty Deed for LLC to Individual, to ensure compliance with all applicable laws and regulations.
