If you have real estate and desire the property to be "owned" by under your business or trust, make sure that deed to the property reflects your ownership desire. The deed is the title document for real property and the property should be titled to reflect its current ownership. Essentially, the "owner" of the property should be on the deed to the property, including ownership entities such as LLC's, and trusts.
There are two general parties associated with a real property deed; a grantor and a grantee. The grantor is the party that is conveying the property and the grantee is the party that is receiving the property.
If your goal is to transfer the property that you own to your business or entity, here are a couple of things to consider. First, confirm your ownership in the property and the titling of the property. Second, you will have to generate a second deed that lists the proper grantor and grantee. Third, you will have to record that new deed.Beware of the recordation and transfer tax due at recordation. There are exemptions that may apply to the transfer and recordation taxes, so check with an attorney in your local area to discover if exemptions would apply to your circumstances.
*This is not legal advice nor an invitation to contract* *Please seek legal advice*
**Licensed in Washington, D.C.**
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