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New York Special Warranty Deed from an Individual to a Limited...

Llc Limited Liability

Name: New York Special Warranty Deed from an Individual to a Limited Liability Company.
Brand: US Legal Forms
Price: 59.00 USD
Rating: 4.71 (414 reviews)

Category:

New York Real Estate - Deeds - Special Warranty

State:

New York

Control #:

NY-041-78

Format:

Instant download

Description New York Liability

This form is a Special Warranty Deed where the Grantor is an individual and the Grantee is a limited liability company. Grantor conveys and specially warrants the described property to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.

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How to fill out Limited Liability Company Contract?

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Limited Liability Company Agreement Other Form Names

Warranty Deed Form Individual Limited Liability Warranty Deed Llc Company Form Special Warranty Deed New York Limited Liability Company Special Warranty Deed Form

Individual Liability Company FAQ

To make the form legally binding, you must sign it in front of a notary public. You must then file your signed and notarized deed with the county office that's in charge of recording property documents. Once the grantee signs the warranty deed, he/she legally has ownership and claim to the property.

A special warranty deed to real estate offers protection to the buyer through the seller's guarantee that the title has been free and clear of encumbrances during their ownership of the property. It does not guarantee clear title beyond their ownership.

The deed must be signed by all grantors, in front of a qualified notary, and notarized by the notary to be complete. Contact the local county recorder's office to find out what type of notaries are allowed to notarize deeds and where the notaries are located.

Fill in the deed form. Print it out. Have the grantor(s) sign and get the signature(s) notarized. Complete a transfer tax form, Form TP-584. Complete and print out Form RP-5217 (or, if you are in New York City, Form RP-5217NYC).

The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.

Fill out the "grantor" section of the warranty deed. The grantors are the givers, or current owners, of the property. Use the legal name of each grantor and insert current addresses after each grantor's name.

Special warranties allow the transfer of property title between seller and buyer. The purchase of title insurance can mitigate the risk of prior claims to the special warranty deed.

It will not protect against title issues that arose prior to the time the seller took occupancy. Consequently, it offers less protection to buyers, and more protection to sellers, than a general warranty deed, which is the most common option for selling or buying a property.

Llc Limited Liability

Description New York Liability