Warranty Deed from Individual to LLC - Tennessee: Fill out & sign online

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Click ‘Get Form’ to open the Warranty Deed in the editor.
Begin by entering the Grantor's name, marital status, and address details in the designated fields. Ensure accuracy as this information is crucial for legal validity.
Next, input the Grantee's name and confirm that it is a Limited Liability Company. Fill in the state of organization and provide a detailed description of the property being transferred.
In the section regarding consideration, specify the amount being exchanged for the property. This is typically set at ten dollars but can vary based on your agreement.
Complete any additional sections regarding easements or encumbrances that may affect the property. This ensures transparency in the transaction.
Finally, have both parties sign and date the document in front of a notary public to finalize the deed. Make sure to include all necessary contact information for both Grantor and Grantee.

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Why do people put their property under an LLC?

Transferring a property into an LLC may be treated as a sale, which could trigger transfer taxes depending on your states tax laws. You will also have to pay county recording fees.

How to transfer deed from person to LLC?

Follow these steps to transfer property to LLC business structures. Make sure your LLC is registered. Review the property title and LLC operating agreement. Draft a deed of transfer. docHub and file the deed. Notify your mortgage company. Update tax records. Transfer utilities and insurance. Plan for tax complications.

How do you transfer a deed to an LLC?

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.