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Warranty Deed from two Individuals to LLC - Oregon

Warranty Deed from two Individuals to LLC - Oregon 2025

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The document is a Warranty Deed for the transfer of property from two individuals (Grantors) to a Limited Liability Company (Grantee) in Oregon. It outlines the legal description of the property, any encumbrances, and the responsibilities regarding taxes. The Grantors warrant that they hold clear title to the property and agree to defend it against claims. The document also includes provisions for verifying land use laws and regulations.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the names of the Grantors (the individuals transferring the property) in the designated fields. Ensure that both names are clearly printed.
In the 'Grantee' section, input the name of the LLC receiving the property, along with its state of organization.
Provide a detailed legal description of the property in Exhibit A. This is crucial for identifying the exact location and boundaries.
Fill in any encumbrances that may apply to the property, if applicable, and specify any exceptions regarding oil, gas, and minerals.
State the true consideration paid for this transfer in dollars. This amount reflects what was exchanged for the property.
Complete tax-related information as necessary, indicating how taxes will be prorated or paid between Grantors and Grantee.
Finally, ensure both Grantors sign and date the document. Include their printed names beneath their signatures for clarity.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What triggers due-on-sale clause?

The difference is a due-on-sale clause is triggered when you sell or transfer your property without the lenders consent, whereas an acceleration clause goes into effect when you miss mortgage payments, file for bankruptcy or fail to fulfill your loan requirements in some other way.

Does a warranty deed prove ownership in Oregon?

A warranty deed guarantees that the seller holds clear title to the property, free from any liens or encumbrances, and has the legal right to transfer ownership. However, while a warranty deed is a powerful legal instrument, its not the sole proof of ownership.

What are the tax consequences of transferring property from one LLC to another?

There should not be any income tax consequences of transferring the property from one LLC to another. The way that it should be structured is that you transfer the property to you personally and then transfer it to the other LLC. The basis that you had in the property would carry over to the other LLC.

Does transferring property to LLC trigger due on sale clause?

Transferring your property into an LLC can activate the due-on-sale clause of your mortgage, requiring the balance to be paid in full.

How to avoid the due-on-sale clause?

Under the Garn-St. Germain Depository Institutions Act of 1982, certain transfers are exempt from triggering the due-on-sale clause. Transfer property to a spouse or child. Place the property in a revocable trust for estate planning purposes, provided you remain the beneficiary and occupant.

How to transfer personal assets to LLC?

Document the transfer of personal assets to the LLC by preparing a deed or bill of sale for each asset. These documents should specify the asset being transferred, its fair market value, and the consideration (if any) given to the transferor.

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.

Warranty Deed from two Individuals to LLC - Oregon 2025

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