This Warranty Deed from Husband and Wife to LLC form is a Warranty Deed where the grantors are husband and wife and the grantee is a limited liability company. Grantors convey and warrant the described property to grantee less oil, gas and minerals to which grantors reserve the right.
A Fairfax, Virginia Warranty Deed from Husband and Wife to LLC is a legal document used to transfer property ownership from a married couple to a Limited Liability Company (LLC). This type of transfer is often done for various reasons, such as asset protection, investment purposes, or estate planning. When drafting such a warranty deed, the following information is typically included: 1. Parties Involved: The deed identifies the husband and wife (granters) who are transferring the property and the LLC (grantee) that will be the new owner. 2. Property Description: A detailed description of the property being transferred is included, specifying the address, lot number, and any other relevant details to clearly identify the property. 3. Consideration: The deed outlines the consideration or payment made in exchange for the property transfer, which can be monetary or non-monetary (e.g., assumption of debt, services rendered, or a combination). 4. Warranty of Title: The warranty deed includes a guarantee from the granters that they are the lawful owners of the property and have the right to transfer it. This warranty assures the LLC that they will receive clear and marketable title to the property. 5. Covenants: Certain covenants may be included in the deed to provide additional assurances to the LLC, such as a covenant against encumbrances (ensuring there are no undisclosed mortgages, liens, or claims on the property), a covenant for further assurances (granters will take further actions if necessary to secure the LLC's ownership), or a covenant of quiet enjoyment (granters promise that the LLC's ownership will not be disturbed). 6. Execution: The deed must be signed and notarized by the husband and wife, as well as any witnesses required by the state of Virginia. There are not necessarily different types of Fairfax, Virginia Warranty Deeds from Husband and Wife to LLC, as the key elements outlined above generally remain the same. However, it's important to consult with a legal professional or real estate attorney to ensure compliance with specific state laws and any additional requirements that may apply.
