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Prepared by U.S. Legal Forms, Inc. Copyright 2016 U.S. Legal Forms, Inc. STATE OF ILLINOISWARRANTY DEED Individual(s), Limited Partnership or LLC is the Granter, or Grantee Control Number ILS DEED
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How to fill out warranty deed from limited

01
Obtain a blank warranty deed form from the limited company.
02
Write the name and address of the grantor, who is the limited company transferring the property.
03
Write the name and address of the grantee, who is the individual or entity receiving the property.
04
Provide a legal description of the property, which may include the lot number, block number, and subdivision name.
05
Indicate any encumbrances or liens on the property, such as mortgages or outstanding debts.
06
Sign the warranty deed in the presence of a notary public.
07
Have the deed notarized and record it at the appropriate county clerk's office to make it public record.

Who needs warranty deed from limited?

01
Anyone who wishes to transfer ownership of a property from a limited company to an individual or entity should use a warranty deed from limited. This may include business owners looking to pass on property to their heirs, individuals purchasing property from a limited company, or companies transferring property to affiliated entities.

What is Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee - Illinois Form?

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A limited warranty deed is a type of legal document that conveys real estate property from the seller to the buyer, where the seller guarantees that they hold clear title to the property and have the right to sell it, but limits their liability to only the period during their ownership.
The seller or grantor of the property is typically required to file a limited warranty deed to officially transfer ownership to the buyer or grantee.
To fill out a limited warranty deed, the seller must provide their name and address, the buyer's name and address, a legal description of the property, and any relevant conditions or restrictions. Both parties should sign the document and have it notarized.
The purpose of a limited warranty deed is to provide a level of protection for the buyer by ensuring that the seller has clear title to the property and has not encumbered it during their ownership, while also limiting the seller's liability.
Information that must be reported on a limited warranty deed includes the names and addresses of both the grantor and grantee, a legal description of the property, the date of the transfer, and any restrictions or conditions of the transfer.
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