South Carolina Warranty Deed from two Individuals to LLC
What is this form?
This Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of real property from two individual Grantors to a limited liability company (LLC) Grantee. Unlike other property transfer forms, this deed specifically includes a warranty clause, guaranteeing that the Grantors hold clear title to the property, free of encumbrances, unless specified otherwise. This form is essential for legally formalizing the transfer of property ownership while ensuring the protection of the Grantee's rights in the transaction.
Form components explained
- Description of the property being transferred.
- Identification of Grantors and Grantee.
- Warranty of title clause, ensuring the property is free from encumbrances.
- Notary acknowledgment section to validate the signatures.
- Exemption and fee declaration for recording the deed.
When to use this document
This form is needed when two individuals wish to transfer property to an LLC. It is commonly used in real estate transactions where property ownership is being shifted into a business entity. This could occur during the establishment of a new business, a change in property management strategies, or for liability protection purposes. Utilizing this deed ensures that the transfer is legally recognized and protects the rights of all parties involved.
Who should use this form
- Individuals transferring their property to an LLC.
- Real estate agents and attorneys involved in property transactions.
- Business owners seeking to consolidate property under a limited liability company.
- Individuals looking for an efficient way to formalize a property transfer legally.
How to complete this form
- Identify and provide the names of the two Grantors and the LLC Grantee.
- Clearly describe the property being transferred, ensuring all details match public records.
- Specify any exceptions regarding reservations such as oil, gas, or mineral rights.
- Complete the notary acknowledgment section to validate the signatures of the Grantors.
- File the completed deed with the appropriate county recorder's office to finalize the transaction.
Notarization requirements for this form
Notarization is required for this form to take effect. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session, available 24/7.
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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.
Typical mistakes to avoid
- Failing to accurately describe the property, which could result in disputes.
- Not including necessary exceptions or reservations if applicable.
- Neglecting to have the deed notarized, which may lead to challenges in its validity.
- Forgetting to file the deed with the county recorder, leaving the transfer unrecorded.
Why complete this form online
- Convenience of downloading and filling out the form at your own pace.
- Editability allows you to customize the document according to specific needs.
- Reliable templates drafted by licensed attorneys to ensure legality and accuracy.
- Access to legal support and guidance throughout the completion process.
Legal use & context
- This Warranty Deed creates a legally binding transfer of real property ownership from the Grantors to the Grantee LLC.
- It serves to protect the Grantee against claims made on the property, providing assurance through the warranty clause.
- Failure to properly complete, notarize, and file the deed may lead to complications in property rights and ownership disputes.
Quick recap
- The form facilitates a property transfer from individual owners to a business entity (LLC).
- Proper completion and notarization are crucial for legal validity.
- Applicable primarily in South Carolina, users should adhere to local property laws.
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FAQ
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.
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.
Review the property title to see who is officially listed on it. Sign the title over to the new owner in the place that is noted. Complete a general warranty deed to show the transfer of ownership from you to another. Pay the real estate transfer tax as levied in South Carolina.
To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a warranty deed.
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.
A statutory warranty deed is different from a warranty deed because it is a shorter form made available through your state's statutes and it may not outright list the promise that the title is guaranteed to be clear. Instead, because it is a statutory form, this guarantee is implied and is still legally enforceable.
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.
In South Carolina, the grantor must sign the deed in front of two witnesses and in the presence of an individual authorized by the state to administer an oath. Record the completed deed at the local county Recorder's office, along with an Affidavit of True Consideration (S.C. Code Ann.
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.
