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Warranty Deed from Individual to LLC - New York

Warranty Deed from Individual to LLC - New York 2025

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The document is a Warranty Deed that facilitates the transfer of property from an individual (Grantor) to a Limited Liability Company (Grantee) in New York. It outlines the terms of the conveyance, including the consideration amount, legal description of the property, and covenants regarding the title and encumbrances. The document also includes sections for acknowledgment by a notary public.

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What are the disadvantages of a warranty deed?

Risk for the Buyer: The most significant disadvantage of Limited Warranty Deeds, especially under Missouri law, is their risk to the buyer. Since this type of deed only warrants against title defects arising during the grantors period of ownership, any issues from before this period become the buyers responsibility.

Does a warranty deed override a will?

In cases where theres a conflict between a will and a deed, the deed usually takes precedence, as it directly impacts the title of the property.

What is a warranty deed in New York state?

In New York, a full covenant and warranty deed provides the grantee with general covenants made by the grantor and the covenant under Section 13 of the New York Lien Law. This Standard Document has integrated notes with important explanations and drafting tips for both grantors and grantees.

What are the requirements for a deed execution in NY?

Execution A deed must be in writing and signed by the grantor(s). Generally, deeds conveying a homestead estate must also be signed by the grantors spouse.

How do you add a name to a deed in NY?

To add or delete names from a deed you will need to complete and record a new deed. Forms are available from your attorney or from a legal stationery store.

How do I transfer a deed in New York state?

If the deed is going to be recorded in the county clerks office, it must include the addresses of both the grantor and the grantee. The deed also must be delivered to the grantee and the grantee must accept it, in order to transfer the property.

What is a warranty deed in New York?

A warranty deed is a legal document used when a piece of real estate is sold and the ownership is transferred from the grantor (seller) to the grantee (buyer). The form usually includes a description of the property and discloses all known encumbrances like easements, outstanding liens or judgments.

Why would someone get a warranty deed?

A warranty deed is one that helps ensure the lawful transfer of ownership between a seller (the grantor) and the buyer (the grantee). Warranty deeds are meant to protect the buyer from any issues that may arise with their new home, particularly with the title.

Warranty Deed from Individual to LLC - New York 2025

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