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Warranty Deed from Individual to LLC - Rhode Island

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This document is a Warranty Deed that facilitates the transfer of property from an individual (Grantor) to a Limited Liability Company (Grantee) in Rhode Island. It outlines the terms of the conveyance, including the acknowledgment of consideration, description of the property, and warranties regarding the title. The Grantor certifies compliance with local laws and includes provisions for easements and mineral rights.

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

How much is it to transfer a deed in PA?

The PA deed transfer tax is generally about 2% of the final sales price, which consists of two different sets of fees: The state of Pennsylvania charges 1% of the sales price. The locality charges a second fee usually totaling about 1%, which is split between the municipality and school district.

How do I transfer my home warranty to a new owner?

Youll want the new homeowners name, address, phone number, and email address. Contact your home warranty provider. They will explain the process and prompt you to provide all necessary information. Some providers may charge a small transfer fee.

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.

What are the pros and cons of putting a property in an LLC?

What are the benefits of an LLC for rental property? Pro: Reduce your personal liability. Pro: Pass-through taxation. Pro: Keep your properties separate and protected. Con: Corporations including LLCs require additional paperwork. Con: LLCs come with setup and maintenance fees. Con: You may pay additional taxes.

What are the problems with a quit claim deed?

Since a quitclaim deed doesnt guarantee clear ownership, you might unknowingly transfer property with liens or other claims against it. This can lead to estate planning problems, especially if the grantor doesnt fully own the property or other family members dispute the transfer.

How much does it cost to switch a deed?

A property deed can cost between $50 to $200 for charges associated with the legal document that transfers the title to real estate from one person to another. The price of the title deed could vary depending on factors like the condition of the property in the United States and the kind of deed used.

How do I transfer a warranty deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

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