This form is a Limited Warranty Deed where the grantor is an individual and the grantee is a corporation.
A Dayton Ohio Limited Warranty Deed from Individual to Corporation is a legal document that transfers ownership of a property from an individual to a corporation, providing certain warranties and protections. This type of deed ensures that the granter, the individual transferring the property, guarantees that they hold clear title to the property and have the legal right to transfer it to the corporation. The Limited Warranty Deed includes several vital elements. Firstly, it identifies the parties involved, specifying the individual granter's name and address, along with the corporation's name, address, and any relevant identification numbers. Secondly, it describes the property being conveyed, providing a detailed legal description such as lot number, block number, and any other identifying factors such as boundaries or neighboring landmarks. Additionally, the deed states the purchase price or consideration involved in the transaction. The Limited Warranty Deed includes warranties that protect the grantee, the corporation receiving the property. These warranties typically include the covenant of basin — guaranteeing that the grantor has the legal title and possession of the property — and the covenant against encumbrances – stating that the property is free from liens and other encumbrances, except those specifically mentioned in the deed. These warranties ensure that the corporation acquiring the property is protected against any legal claims or disputes regarding title or encumbrances. It is worth noting that there aren't different types of Dayton Ohio Limited Warranty Deed from Individual to Corporation in terms of the fundamental structure and elements. However, variations can occur based on the specific agreements made between the individual granter and the corporation. These variations may include additional provisions such as terms and conditions for the corporation's use of the property, restrictions on future transfers of ownership, or any specific obligations or liabilities the granter may retain. In summary, a Dayton Ohio Limited Warranty Deed from Individual to Corporation is a legally binding document that transfers property ownership from an individual to a corporation, guaranteeing clear title and protection against encumbrances. Ensuring the careful drafting and execution of this deed is essential to establish a secure property transfer between the individual granter and the acquiring corporation.A Dayton Ohio Limited Warranty Deed from Individual to Corporation is a legal document that transfers ownership of a property from an individual to a corporation, providing certain warranties and protections. This type of deed ensures that the granter, the individual transferring the property, guarantees that they hold clear title to the property and have the legal right to transfer it to the corporation. The Limited Warranty Deed includes several vital elements. Firstly, it identifies the parties involved, specifying the individual granter's name and address, along with the corporation's name, address, and any relevant identification numbers. Secondly, it describes the property being conveyed, providing a detailed legal description such as lot number, block number, and any other identifying factors such as boundaries or neighboring landmarks. Additionally, the deed states the purchase price or consideration involved in the transaction. The Limited Warranty Deed includes warranties that protect the grantee, the corporation receiving the property. These warranties typically include the covenant of basin — guaranteeing that the grantor has the legal title and possession of the property — and the covenant against encumbrances – stating that the property is free from liens and other encumbrances, except those specifically mentioned in the deed. These warranties ensure that the corporation acquiring the property is protected against any legal claims or disputes regarding title or encumbrances. It is worth noting that there aren't different types of Dayton Ohio Limited Warranty Deed from Individual to Corporation in terms of the fundamental structure and elements. However, variations can occur based on the specific agreements made between the individual granter and the corporation. These variations may include additional provisions such as terms and conditions for the corporation's use of the property, restrictions on future transfers of ownership, or any specific obligations or liabilities the granter may retain. In summary, a Dayton Ohio Limited Warranty Deed from Individual to Corporation is a legally binding document that transfers property ownership from an individual to a corporation, guaranteeing clear title and protection against encumbrances. Ensuring the careful drafting and execution of this deed is essential to establish a secure property transfer between the individual granter and the acquiring corporation.
