This form is a Limited Warranty Deed where the grantors are husband and wife and the grantees are husband and wife.
A Franklin Ohio Limited Warranty Deed from Husband and Wife to Husband and Wife is a legal document that transfers ownership of real estate property from one married couple to another married couple. This type of deed provides a limited warranty, which means that the sellers (the current husband and wife) guarantee that they have clear title to the property and have the right to transfer ownership, but they do not provide any further guarantees against any prior claims. In Franklin Ohio, there are several variations of a Limited Warranty Deed from Husband and Wife to Husband and Wife, each with their own specific purpose: 1. Franklin Ohio Limited Warranty Deed with Survivorship: This type of deed ensures that if one spouse passes away, the surviving spouse automatically becomes the sole owner of the property without the need for probate proceedings. 2. Franklin Ohio Limited Warranty Deed with Joint Tenancy: This deed establishes joint ownership with the right of survivorship. In the event one spouse passes away, their share automatically transfers to the surviving spouse. 3. Franklin Ohio Limited Warranty Deed with Tenancy by the Entirety: This deed is exclusively available to married couples and offers joint ownership with the added protection that neither spouse can individually sell nor encumber the property without the consent of the other spouse. 4. Franklin Ohio Limited Warranty Deed for Estate Planning: This specialized deed allows married couples to transfer real estate property while retaining specific rights, such as a life estate for the seller, which means they can reside on the property until death. These different variations of Franklin Ohio Limited Warranty Deeds cater to the unique needs and circumstances of married couples transferring real estate property. It is important for both parties to carefully review and understand the terms of the deed before proceeding with the transfer of property ownership. Consulting with a professional real estate attorney in Franklin Ohio is highly recommended ensuring the process is legally valid and protects the interests of both husband and wife.A Franklin Ohio Limited Warranty Deed from Husband and Wife to Husband and Wife is a legal document that transfers ownership of real estate property from one married couple to another married couple. This type of deed provides a limited warranty, which means that the sellers (the current husband and wife) guarantee that they have clear title to the property and have the right to transfer ownership, but they do not provide any further guarantees against any prior claims. In Franklin Ohio, there are several variations of a Limited Warranty Deed from Husband and Wife to Husband and Wife, each with their own specific purpose: 1. Franklin Ohio Limited Warranty Deed with Survivorship: This type of deed ensures that if one spouse passes away, the surviving spouse automatically becomes the sole owner of the property without the need for probate proceedings. 2. Franklin Ohio Limited Warranty Deed with Joint Tenancy: This deed establishes joint ownership with the right of survivorship. In the event one spouse passes away, their share automatically transfers to the surviving spouse. 3. Franklin Ohio Limited Warranty Deed with Tenancy by the Entirety: This deed is exclusively available to married couples and offers joint ownership with the added protection that neither spouse can individually sell nor encumber the property without the consent of the other spouse. 4. Franklin Ohio Limited Warranty Deed for Estate Planning: This specialized deed allows married couples to transfer real estate property while retaining specific rights, such as a life estate for the seller, which means they can reside on the property until death. These different variations of Franklin Ohio Limited Warranty Deeds cater to the unique needs and circumstances of married couples transferring real estate property. It is important for both parties to carefully review and understand the terms of the deed before proceeding with the transfer of property ownership. Consulting with a professional real estate attorney in Franklin Ohio is highly recommended ensuring the process is legally valid and protects the interests of both husband and wife.
