This form is a Limited Warranty Deed where the grantor is an individual and the grantee is a corporation.
A Cuyahoga Ohio Limited Warranty Deed from Individual to Corporation is a legal document used to transfer ownership of real property from an individual to a corporation in Cuyahoga County, Ohio. This type of deed provides limited protections to the corporation, ensuring that the granter (individual) warrants that they have valid title to the property, but does not provide any guarantees beyond that. The Cuyahoga Ohio Limited Warranty Deed from Individual to Corporation is an important legal instrument used in commercial real estate transactions, enabling individuals to transfer property to a corporate entity. It is crucial to understand the specifics and variations in this type of deed: 1. General Overview: The Limited Warranty Deed from Individual to Corporation is a legally binding document that transfers the title of real estate property, situated within Cuyahoga County, Ohio, from an individual owner to a corporation. 2. Key Components: This deed includes necessary information about both parties involved, such as the name of the granter (individual transferring ownership), the name of the corporation, and a detailed description of the property being transferred. It also outlines any specific conditions or limitations associated with the transfer. 3. Limited Warranty: Unlike other warranty deeds, the limited warranty provided in this type of deed implies that the granter guarantees clear title to the property only during their ownership. It does not provide any protection or guarantee extending beyond the granter's ownership period. 4. Granter's Assurances: In a Limited Warranty Deed from Individual to Corporation, the granter assures that they have legal authority to transfer the property and that there are no outstanding claims, liens, or encumbrances other than ones disclosed in the deed. 5. Property Description: The deed must include an accurate and detailed description of the property being transferred, including its legal description, address, parcel number, and any boundary specifications or additional details required by Cuyahoga County. There may be variations or specific types of Limited Warranty Deeds from Individual to Corporation in Cuyahoga County, Ohio, depending on certain circumstances or goals, such as: 1. Special Warranty Deed: This deed guarantees that the granter only grants limited warranty protection during their ownership but does not offer protection against any defects or claims arising before their period of ownership. 2. Corporation Type: The limited warranty deed might differ based on the type of corporation involved in the transfer. For instance, it could be a for-profit corporation, a non-profit organization, or a limited liability company (LLC). Each may have specific legal requirements or variations in the deed structure. 3. Specific Conditions: In some cases, the deed may include explicit conditions that govern the transfer, such as restrictions on property use, zoning requirements, or specific terms that must be met by the corporation after acquiring the property. It is essential to consult with legal professionals or experienced real estate attorneys to draft and review the Cuyahoga Ohio Limited Warranty Deed from Individual to Corporation. This ensures compliance with all necessary legal requirements and provides adequate protection for both the granter and the corporation.A Cuyahoga Ohio Limited Warranty Deed from Individual to Corporation is a legal document used to transfer ownership of real property from an individual to a corporation in Cuyahoga County, Ohio. This type of deed provides limited protections to the corporation, ensuring that the granter (individual) warrants that they have valid title to the property, but does not provide any guarantees beyond that. The Cuyahoga Ohio Limited Warranty Deed from Individual to Corporation is an important legal instrument used in commercial real estate transactions, enabling individuals to transfer property to a corporate entity. It is crucial to understand the specifics and variations in this type of deed: 1. General Overview: The Limited Warranty Deed from Individual to Corporation is a legally binding document that transfers the title of real estate property, situated within Cuyahoga County, Ohio, from an individual owner to a corporation. 2. Key Components: This deed includes necessary information about both parties involved, such as the name of the granter (individual transferring ownership), the name of the corporation, and a detailed description of the property being transferred. It also outlines any specific conditions or limitations associated with the transfer. 3. Limited Warranty: Unlike other warranty deeds, the limited warranty provided in this type of deed implies that the granter guarantees clear title to the property only during their ownership. It does not provide any protection or guarantee extending beyond the granter's ownership period. 4. Granter's Assurances: In a Limited Warranty Deed from Individual to Corporation, the granter assures that they have legal authority to transfer the property and that there are no outstanding claims, liens, or encumbrances other than ones disclosed in the deed. 5. Property Description: The deed must include an accurate and detailed description of the property being transferred, including its legal description, address, parcel number, and any boundary specifications or additional details required by Cuyahoga County. There may be variations or specific types of Limited Warranty Deeds from Individual to Corporation in Cuyahoga County, Ohio, depending on certain circumstances or goals, such as: 1. Special Warranty Deed: This deed guarantees that the granter only grants limited warranty protection during their ownership but does not offer protection against any defects or claims arising before their period of ownership. 2. Corporation Type: The limited warranty deed might differ based on the type of corporation involved in the transfer. For instance, it could be a for-profit corporation, a non-profit organization, or a limited liability company (LLC). Each may have specific legal requirements or variations in the deed structure. 3. Specific Conditions: In some cases, the deed may include explicit conditions that govern the transfer, such as restrictions on property use, zoning requirements, or specific terms that must be met by the corporation after acquiring the property. It is essential to consult with legal professionals or experienced real estate attorneys to draft and review the Cuyahoga Ohio Limited Warranty Deed from Individual to Corporation. This ensures compliance with all necessary legal requirements and provides adequate protection for both the granter and the corporation.
