South Carolina Warranty Deed from Individual to LLC
What this document covers
The Warranty Deed from Individual to LLC is a legal document that enables an individual (the grantor) to transfer property ownership to a limited liability company (the grantee). This form safeguards the transfer by providing a warranty on the property's title, ensuring that the grantor can legally convey the property. Unlike other types of deeds, this warranty deed explicitly conveys the property, excluding any mineral rights retained by the grantor.
Situations where this form applies
This form is commonly used when an individual wishes to officially transfer property ownership to their own limited liability company. This might occur during real estate investments, business setups, or when structuring property within a business framework. It is essential to have this form to ensure the transfer is legally recognized and protected.
Who can use this document
- Individuals who own property and wish to transfer it to an LLC.
- Business owners looking to consolidate assets within a limited liability company.
- Real estate investors managing properties under an LLC structure.
Steps to complete this form
- Identify the parties involved: the individual (grantor) and the LLC (grantee).
- Provide a full legal description of the property being conveyed.
- Specify any exceptions, such as mineral rights reserved by the grantor.
- Sign the form in the presence of a witness and a notary public.
- Complete any applicable sections regarding deed recording fees.
Notarization guidance
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.
Mistakes to watch out for
- Failing to include a complete legal description of the property.
- Not having the deed signed by all necessary parties.
- Overlooking the requirement for notarization and witness signatures.
- Ignoring applicable fees or exemptions when completing the form.
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FAQ
To sign over property ownership to another person, you'll use one of two deeds: a quitclaim deed or a warranty deed.
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.
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.
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.
Identify the donee or recipient. Discuss terms and conditions with that person. Complete a change of ownership form. Change the title on the deed. Hire a real estate attorney to prepare the deed. Notarize and file the 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.
Laws § 27-7-20. Recording All forms must be filed at the County Recorders of Deeds. Signing (A§ 30-5-30) A quit claim deed in South Carolina is required to be authorized by a notary public and two (2) subscribing witnesses.
Contrary to normal expectations, the Deed DOES NOT have to be recorded to be effective or to show delivery, and because of that, the Deed DOES NOT have to be signed in front of a Notary Public. However, if you plan to record it, then it does have to be notarized as that is a County Recorder requirement.
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.
