This form is a Special Warranty Deed where the grantor is an LLC and the grantee is an individual.
A San Angelo 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. This type of deed guarantees that the property is free from any defects or claims during the time the LLC held ownership. The deed outlines specific terms and conditions of the transfer, including a detailed description of the property, the names and addresses of both the LLC and the individual involved, and the date of transfer. Additionally, it establishes the purchase price, if applicable, and any other considerations agreed upon by both parties. In San Angelo, Texas, there are two main types of Special Warranty Deeds commonly used for LLC to Individual transfers: General Warranty Deed and Quitclaim Deed. 1. General Warranty Deed: This is the most comprehensive and secure type of deed. It guarantees that the LLC, as the granter, holds clear title to the property and will defend against any future claims or defects. It offers the highest level of protection to the individual, ensuring their rights as the new owner are safeguarded. 2. Quitclaim Deed: This type of deed provides the least amount of protection as it only transfers whatever interest or claim the LLC has in the property. It does not guarantee that the LLC holds clear title or defend against any defects. It is often used in situations where the LLC is transferring the property without any warranties or guarantees to the individual, such as in cases of gifts or interfamily transfers. When preparing a San Angelo Texas Special Warranty Deed for LLC to Individual, it is crucial to consult with a professional real estate attorney to ensure all legal requirements are met and that the deed accurately reflects the terms of the transfer. Keywords that could be relevant for this content include: San Angelo Texas, Special Warranty Deed, LLC to Individual, property transfer, limited liability company, legal document, defects, claims, terms and conditions, property description, purchase price, considerations, General Warranty Deed, Quitclaim Deed, clear title, transfer of interest, protection, real estate attorney.
