Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - Maine 2025

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The document is a Warranty Deed form for the State of Maine, prepared by U.S. Legal Forms, Inc. It outlines the process for completing the deed, including instructions for filling out form fields in Microsoft Word and legal disclaimers regarding the use of the forms. The deed facilitates the transfer of real property from a Grantor (which can be an individual or a business entity) to a Grantee, ensuring that the title is free from encumbrances and includes provisions for notarization.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the Grantor's information. This includes the name of the Limited Partnership or LLC and its state of organization.
Next, fill in the Grantee's details, which may include individuals or another entity. Ensure all names are correctly spelled and formatted.
Provide a complete legal description of the property being transferred. This is crucial for clarity and legal purposes.
Complete the acknowledgment section, ensuring that all signatures are obtained from witnesses and notaries as required by Maine law.
Review all entered information for accuracy before finalizing your document. Use our platform’s features to navigate easily between fields.

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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.

Who are the grantor and grantee on a warranty deed?

In real estate, the grantor is the person who transfers property ownership, while the grantee is the one who receives it. The definition of grantor and grantee is important because these roles appear in legal documents like deeds, which outline each partys rights and responsibilities.

Is the grantor the same as the owner?

In real estate, the grantor is the current property owner. Typically, the term is used during real estate transactions, but not necessarily. In addition to individual property owners, grantors can also be banking institutions, municipalities and county sheriffs and the like.

What does grantor mean on a warranty deed?

The Grantor is the seller (on deeds), or borrower (on mortgages). The Grantor is usually the one who signed the document.

What is a warranty deed in Maine?

Through the recording of a warranty deed, the seller is providing assurances to the buyer should anything unexpected happen. If a third-party filed a claim against the property, even if the seller was unaware, the seller is legally liable to remedy the issue.

What is an example of a grantee?

The grantee is the entire legal entity even if only a particular component of the entity is designated in the grant award notice (GAN). For example, a GAN may name as the grantee one school or campus of a university.

Who is responsible for the warranty deed?

A quit claim deed to LLC transfers property ownership but may not release mortgage obligations. Learn about risks, tax implications, and best practices. 6 min read updated on April 29, 2025.

What is the most important clause in a warranty deed?

The Warranty of Title clause ensures that the seller guarantees they have the legal right to transfer ownership of the goods being sold and that the title is free from any encumbrances, liens, or other claims. This clause protects the buyer from any third-party claims on the title that may arise after the purchase.

Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - Maine 2025

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