Bakersfield California Special Warranty Deed - Limited Liability Company to a Trust

State:
California
City:
Bakersfield
Control #:
CA-031-78
Format:
Word; 
Rich Text
Instant download

Description

This form is a Special Warranty Deed where the Grantor is a limited liability company and the Grantee is a Trust. 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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  • Preview Special Warranty Deed - Limited Liability Company to a Trust
  • Preview Special Warranty Deed - Limited Liability Company to a Trust
  • Preview Special Warranty Deed - Limited Liability Company to a Trust
  • Preview Special Warranty Deed - Limited Liability Company to a Trust
  • Preview Special Warranty Deed - Limited Liability Company to a Trust
  • Preview Special Warranty Deed - Limited Liability Company to a Trust

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FAQ

In California, quitclaim deeds are commonly used between spouses, relatives, or if a property owner is transferring his or her property into his or her trust. A grant deed is commonly used in most arms-length real estate transactions not involving family members or spouses.

The California TOD deed form allows property to be automatically transferred to a new owner when the current owner dies, without the need to go through probate. It also gives the current owner retained control over the property, including the right to change his or her mind about the transfer.

A California special warranty deed allows the title to real property to be transferred with guarantees against claims and liens while the grantor owned the property. The buyer (grantee) will have to conduct a title search to discover any outstanding claims before the grantor's ownership.

California mainly uses two types of deeds: the ?grant deed? and the ?quitclaim deed.? Most other deeds you will see, such as the common ?interspousal transfer deed,? are versions of grant or quitclaim deeds customized for specific circumstances.

The Texas special warranty deed form provides a limited warranty of title. With a special warranty deed, the person transferring the property guarantees that he or she has done nothing that would cause title problems, but makes no guarantees about what might have happened before he or she acquired the property.

A special warranty deed is a deed to real estate where the seller of the property?known as the grantor?warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.

Both types of legal documents serve the same function of transferring ownership of real property. The fundamental difference between quitclaim deeds and grant deeds is the level of protection and warranty provided to the grantee.

Today, Californians most often transfer title to real property by a simple written instrument, the grant deed. The word ?grant? is expressly designated by statute as a word of conveyance. (Civil Code Section 1092) A second form of deed is the quitclaim deed.

A special warranty deed provides assurance that the property's seller owns the property in question and has not faced any title issues during this ownership. A special warranty deed guarantees that the buyer won't face any legal action or title issues as a result of the actions of the property's previous owner.

Therefore, by executing a warranty deed, a grantor is agreeing to defend the property against any unlawful claim. Because of the prevalence of title insurance, warranty deeds are infrequently used in California.

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Bakersfield California Special Warranty Deed - Limited Liability Company to a Trust