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Video Guide on Real Estate Deeds for LLC management

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Commonly Asked Questions about Real Estate Deeds for LLC

In New York, filing a quitclaim deed (or quit claim) is one of the fastest ways to transfer property ownership. A quitclaim deed is a type of deed that allows a grantor to transfer any interests they may have in the ownership of a property to a grantee without the need for a title search or title insurance.
To transfer the ownership of a New York LLC to another party, you must file a Certificate of Amendment with the New York Department of State (DOS). The Certificate of Amendment must include details of the transfer, such as the name and address of the new owner(s).
Transfer Deed to LLC The current owner of the property simply signs a warranty deed to transfer the real estate property to the LLC. Once the deed is signed in front of a notary, the deed needs to be filed in the county clerks office of the county where the property is located.
To change a deed in New York City, you will need a deed signed and docHubd by the grantor. The deed must also be filed and recorded with the Office of the City Register. Transfer documents identifying if any taxes are due must also be filed and recorded with the City Register.
Protects From Personal Liability You may own the LLC, but the LLC does not own you or your personal assets. When LLCs own a property, the owner of those LLCs are removed from any liability.
Transferring your property into an LLC can activate the due-on-sale clause of your mortgage, requiring the balance to be paid in full.
Transferring Property to the LLC The deed should clearly state the LLC as the new owner of the property. File the Deed with the County Recorders Office Once the deed is prepared, file it with the county recorders office where the property is located. This officially transfers ownership of the property to your LLC.