A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the deed is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner. Recording constitutes "notice to the world" of the transfer in title.
The grantor is the person selling the property. The grantee is the person buying the property. A grant deed is a deed containing an implied warranty that there are no encumbrances on the property not described in the deed and that the person transferring the property actually owns the title. It must describe the property by legal description of boundaries and/or parcel numbers, be signed by all people transferring the property, and be acknowledged before a notary public. It is in contrast to a quit claim deed, which only conveys the interest that the transferor actually owns, if any, without a warranty of ownership.
Ohio Grant Deed is a legal document used in Ohio to transfer ownership of real property from one party to another. This deed provides a legally-binding record of the transfer and is commonly used in real estate transactions, such as buying or selling property, gifting property, or transferring property in a divorce settlement. In Ohio, there are several types of Grant Deeds, each serving a specific purpose in property transactions. These include: 1. General Warranty Deed: This is the most common type of Grant Deed used in Ohio. It provides the highest level of protection for the buyer, as the seller guarantees clear title and protects the buyer against any claims or encumbrances that may arise from the property's past. 2. Special Warranty Deed: A Special Warranty Deed also guarantees clear title to the buyer; however, it only covers the period when the seller owned the property. This means that the buyer may not be protected against any existing claims or encumbrances that predate the seller's ownership. 3. Quitclaim Deed: Unlike the General and Special Warranty Deeds, a Quitclaim Deed does not make any guarantees regarding clear title. It simply transfers the property rights the seller possesses, if any. This type of deed is often used in situations where there may be uncertainty about the property's ownership, such as transfers between family members or as part of a divorce settlement. When drafting an Ohio Grant Deed, it is essential to include specific details about the property, parties involved, and the nature of the transfer. The deed typically includes the legal description of the property, which accurately identifies the boundaries and location. It also includes the names and addresses of the granter (seller) and grantee (buyer) and the consideration (monetary value exchanged or relationship) for the transfer. To make the Ohio Grant Deed legally valid, the document must be signed by the granter, notarized, and recorded in the appropriate county's recorder's office. Recording the deed ensures it becomes a matter of public record, documenting the change of ownership and protecting the buyer's rights. In conclusion, an Ohio Grant Deed is a legal instrument used in real estate transactions to transfer ownership of property in Ohio. Understanding the different types of Grant Deeds and their respective purposes is crucial for individuals engaging in property transfers to ensure legal protection and clear title.
