This form is a Limited Warranty Deed, also known as a Special Warrant Deed, where the grantors are husband and wife and the grantee is an individual. Grantor conveys and specially warrants the described property to the grantee. This deed complies with all state statutory laws.
A Dayton Ohio Limited Warranty Deed — Husband and Wife to Individual is a legally binding document that transfers ownership of real estate from a married couple to an individual buyer, providing limited guarantees of title. This type of deed is commonly used in real estate transactions and ensures that the property being transferred is free from any claims or encumbrances, except as stated in the deed. In Dayton, Ohio, there are several types of Limited Warranty Deeds that can be utilized when transferring property from a husband and wife to an individual. These may include: 1. Joint Tenancy with Rights of Survivorship: This type of Limited Warranty Deed specifies that both spouses hold an equal and undivided interest in the property. If one spouse passes away, their interest automatically transfers to the surviving spouse without the need for probate. 2. Tenants in Common: This particular Limited Warranty Deed grants each spouse a distinct share or portion of the property, which can be equal or unequal. In the event of one spouse's death, their share would not automatically transfer to the surviving spouse but will instead pass through their estate. 3. Community Property: If the property being transferred is considered community property in Dayton, Ohio, a Limited Warranty Deed can denote this legal status. In community property states, both spouses have equal rights to the property acquired during their marriage. When using a Dayton Ohio Limited Warranty Deed, key terms that should be included in the document are: 1. Granter: The husband and wife transferring the property's ownership rights. 2. Grantee: The individual buyer who will be receiving the property's ownership rights. 3. Property Description: A detailed and accurate description of the property being transferred, including its address, boundaries, and any identifying elements. 4. Warranty: The deed should specify that the granters warrant the title of the property against any claims that may arise during their ownership period. 5. Consideration: The agreed-upon price or value exchanged for the property being transferred. 6. Signature and Notarization: The deed must be signed by both spouses in the presence of a notary public to ensure its legality. It is crucial to consult with a qualified attorney or real estate professional to ensure the proper completion and recording of a Dayton Ohio Limited Warranty Deed — Husband and Wife to Individual, as specific requirements may vary depending on the jurisdiction and circumstances.A Dayton Ohio Limited Warranty Deed — Husband and Wife to Individual is a legally binding document that transfers ownership of real estate from a married couple to an individual buyer, providing limited guarantees of title. This type of deed is commonly used in real estate transactions and ensures that the property being transferred is free from any claims or encumbrances, except as stated in the deed. In Dayton, Ohio, there are several types of Limited Warranty Deeds that can be utilized when transferring property from a husband and wife to an individual. These may include: 1. Joint Tenancy with Rights of Survivorship: This type of Limited Warranty Deed specifies that both spouses hold an equal and undivided interest in the property. If one spouse passes away, their interest automatically transfers to the surviving spouse without the need for probate. 2. Tenants in Common: This particular Limited Warranty Deed grants each spouse a distinct share or portion of the property, which can be equal or unequal. In the event of one spouse's death, their share would not automatically transfer to the surviving spouse but will instead pass through their estate. 3. Community Property: If the property being transferred is considered community property in Dayton, Ohio, a Limited Warranty Deed can denote this legal status. In community property states, both spouses have equal rights to the property acquired during their marriage. When using a Dayton Ohio Limited Warranty Deed, key terms that should be included in the document are: 1. Granter: The husband and wife transferring the property's ownership rights. 2. Grantee: The individual buyer who will be receiving the property's ownership rights. 3. Property Description: A detailed and accurate description of the property being transferred, including its address, boundaries, and any identifying elements. 4. Warranty: The deed should specify that the granters warrant the title of the property against any claims that may arise during their ownership period. 5. Consideration: The agreed-upon price or value exchanged for the property being transferred. 6. Signature and Notarization: The deed must be signed by both spouses in the presence of a notary public to ensure its legality. It is crucial to consult with a qualified attorney or real estate professional to ensure the proper completion and recording of a Dayton Ohio Limited Warranty Deed — Husband and Wife to Individual, as specific requirements may vary depending on the jurisdiction and circumstances.
