This form is a Warranty Deed where the granter and/or grantee may be a limited partnership or LLC.

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Oh, hi sorry I didn't see you there I was Pokémon going just kidding I totally wasn't doing that hi everyone I'm attorney Aiden Kramer with the law office of Aiden Kramer in Colorado, and you're watching all up in your business today on all up in your business we're going to venture into the exciting world of deeds I did a video a long time ago about transferring property to an LLC and in that video the topic of deeds came up, and I asked if you guys wanted to learn more about the different types of thieves and many of you said yes, so we're going to talk about all the different fun types of deeds just for clarification in case some of you don't already know when I talk about using deeds to transfer property to an LLC or anything else I'm talking about real property which is houses condos town homes things you live in that's real property, so you wouldn't use a deed to transfer other types of property this is talking about specifically real property there are many types of deeds the three that I'm going to talk about are the three most commonly used deeds and those are a general warranty deed which is also usually just called a warranty deed a special warranty deed and a quitclaim deed a general warranty deed is most commonly used in traditional transfers of real property you're buying a house from somebody they're selling their house usually you use a general warranty deed in that kind of transaction the purpose for that is what a general warranty deed means is that the seller or the granter is Warren teeing or guaranteeing a few certain things about the property the seller is guaranteeing number one that they own the property they own title to the property and have the ability to transfer it to you, and they're also guaranteeing that there are no liens or encumbrances no debt no negative things that would affect title to the property they're saying that they transfer to you free and clear of all of those issues if any issues do arise in the future they're going to pay for you to defend your title in the property, so that's why it's commonly used in a traditional buy sell transaction of a house if you buy a house from somebody and use a warranty deed to purchase it and then later on you find that there was an outstanding debt on the property and now there's a lien on the property the seller guaranteed to you that that didn't exist, and now they have to pay and help you defend your title in the property to help I've drawn up some very useful and helpful illustrations of this so here you can see under a warranty deed the seller or the granter is using a warranty deed to transfer title to the buyer or the grantee and under this deed the seller is guaranteeing that it's free and clear of any encumbrances and the seller is going to defend title that's why the buyer looks so happy because the general warranty deed is good for the buyer a special warranty deed is similar to a general warranty deed with one exception the seller with a special warranty...
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