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Warranty Deed from two Individuals to LLC - Kentucky

Warranty Deed from two Individuals to LLC - Kentucky 2025

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The document is a Warranty Deed that outlines the transfer of property from two individuals (Grantors) to a Limited Liability Company (Grantee) for a nominal consideration of one dollar. It includes details about the property being conveyed, legal descriptions, and reservations regarding oil, gas, and minerals. The deed certifies the transfer as either a gift or bona fide sale and requires notarization.

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Can two people be on a warranty deed?

Entire (100%) by Seller If there are more than one grantee (besides husband and wife), this is considered tenancy in common. Each party owns an equal interest unless otherwise stated. A tenants in common interest can be sold or devised in a Will.

Does a warranty deed need to be signed by both parties?

Using a general warranty deed You also can use an online services provider, if you want assistance in creating a general warranty deed. Once you obtain the correct form, you must fill it in completely. Both the grantor and the grantee must sign it, usually in the presence of a notary.

Who is the grantee on a warranty deed?

The Grantee is the buyer, recipient, new owner, or lien holder. When vs. appears on legal documents, the Grantor is on the bottom, the Grantee is on the top.

What makes a warranty deed invalid?

5. Can a warranty deed be challenged or invalidated? While a warranty deed provides strong protection, it is not immune to challenges. In certain situations, the grantors guarantee may be breached, such as if there is fraud, misrepresentation, or undisclosed title defects.

How to transfer a deed in KY?

The grantor must sign the deed and signatures must be acknowledged (notarized). The grantor and grantee must sign the consideration statement and the signatures must be notarized. The document must be filed in the county clerks office of the county where the property is located (or the greater part).

Can I transfer a deed without an attorney?

Self-filing the deed without an attorney is the most economical option for transferring real property title. However, it requires careful attention to detail. The Registers Office wont provide assistance or highlight mistakes in the paperwork.

How do I transfer a deed from an individual to an LLC?

How to Transfer Your Real Property to an LLC Step 1: Contact Your Lender; Contact Your Title Insurance Company; Contact Your Homeowners Insurance Company. Step 2: Create an LLC and Maintain Corporate Formalities. Step 3: Open a Bank Account in the Name of the LLC. Step 4: Fill Out and Record Deed. Step 5: Change the Lease.

Who are the parties to a warranty deed?

The two parties involved in a warranty deed are the seller, known as the grantor, and the buyer, or the grantee, and either party can be an individual or a business. Most lenders require a warranty deed for properties they finance.

Warranty Deed from two Individuals to LLC - Kentucky 2025

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