New Jersey Warranty Deed from two Individuals to LLC
Overview of this form
The Warranty Deed from two Individuals to LLC is a legal document used to transfer ownership of property from two individual Grantors to a limited liability company (LLC) as the Grantee. This form ensures that the Grantors convey full ownership of the property while reserving certain rights, such as oil, gas, and mineral interests. Unlike other types of deeds, this Warranty Deed provides a guarantee of clear title, protecting the Grantee from claims against the property.
Key parts of this document
- Description of the property being transferred.
- Prior instrument reference including the book, page, and document number for record-keeping.
- Clauses specifying exceptions for oil, gas, and mineral rights.
- Confirmation of the Grantors' legal authority to transfer the property.
- Signature lines for the Grantors, including witness and notary areas as needed.
When to use this document
This Warranty Deed should be used when two individuals wish to transfer property ownership to an LLC. It is appropriate in scenarios such as property investment, business ownership acquisitions, or estate planning, where legal acknowledgment of the transfer is essential for future business dealings or legal protection.
Intended users of this form
- Two individuals who currently own a piece of property.
- Members or managers of a limited liability company (LLC) that are acquiring property.
- Real estate professionals involved in property transactions between individuals and LLCs.
Completing this form step by step
- Identify and enter the names of the Grantors (the individuals selling the property).
- Specify the LLC as the Grantee (the entity receiving the property).
- Provide a detailed description of the property being transferred.
- Fill in the previous instrument reference details for record-keeping.
- Have all Grantors sign the document in the presence of a notary public, if required.
Does this form need to be notarized?
This form must be notarized to be legally valid. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to accurately describe the property can lead to disputes.
- Not including all required signatures of the Grantors.
- Omitting the prior instrument reference information.
- Ignoring the need for notarization or witness signatures as required.
Why use this form online
- Convenient access to legal forms without needing to visit a lawyer's office.
- Edit and fill out the form at your own pace to ensure accuracy.
- Reliable templates drafted by licensed attorneys, ensuring legal compliance.
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FAQ
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
Realty Transfer Fee: Sellers pay a 1% Realty Transfer Fee on all home sales. The buyer is not responsible for this fee. However, buyers may pay an additional 1% fee on all home sales of $1 million or more.
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.
1Discuss property ownership interests.2Access a copy of your title deed.3Complete, review and sign the quitclaim or warranty form.4Submit the quitclaim or warranty form.5Request a certified copy of your quitclaim or warranty deed.
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
In New Jersey, the deed must be in English, identify the seller/buyer (grantor/grantee), name the person that prepared the deed, state the consideration (amount paid) for the transfer, contain a legal description of the property (a survey), include the signature of the grantor and be signed before a notary.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
1Retrieve your original deed.2Get the appropriate deed form.3Draft the deed.4Sign the deed before a notary.5Record the deed with the county recorder.6Obtain the new original deed.
In New Jersey, the preparation of legal documents such as a deed is considered the practice of law which may only be undertaken by an Attorney at Law of the State of New Jersey. The only exception to that rule is that an individual representing him/herself may prepare his/her own documents.
