Ohio Warranty Deed for Surface with Limited Warranty is a legal document used in Ohio real estate transactions to transfer ownership of a property's surface rights from the seller (granter) to the buyer (grantee) with limited warranties. This type of deed ensures that the granter guarantees the buyer for any defects or issues that may arise during their ownership of the property, but only related to the surface rights. A limited warranty deed in Ohio provides the grantee with certain promises and protection against claims made by any previous owners or third parties regarding the surface rights of the property. The granter guarantees that they have lawful authority to transfer ownership, the property is free from any liens or encumbrances (except as mentioned in the deed), and they will defend the grantee's ownership rights against any lawful claims arising during their ownership. There are no specific variations or types of Ohio Warranty Deed for Surface with Limited Warranty mentioned in the Ohio Revised Code. However, it is essential to note that a limited warranty deed specifically pertains to the surface rights of a property and not the underlying minerals or subsurface rights. In cases where the minerals and subsurface rights are being transferred, a separate deed, such as an Ohio Mineral Deed, must be used. In Ohio, a limited warranty deed for surface rights is a crucial legal instrument that protects both the granter and the grantee during a real estate transaction. It allows the buyer to have a level of assurance that they are receiving good title to the surface rights of the property, while also providing the granter with some level of protection by limiting the warranties to only surface-related claims. When preparing an Ohio Warranty Deed for Surface with Limited Warranty, it is important to include the names and addresses of the granter and grantee, a description of the property being transferred, any relevant legal descriptions, and the specific language outlining the limited warranties being provided. It is advisable to consult with a qualified Ohio real estate attorney or title professional to ensure accuracy and compliance with Ohio laws.
Ohio Warranty Deed for Surface with Limited Warranty
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How to fill out Ohio Warranty Deed For Surface With Limited Warranty?
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FAQ
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
An Ohio limited warranty deed is a form that conveys property interests with a guarantee. However, unlike a warranty deed, the grantor is only guaranteeing that he or she did not encumber the property while he or she owned it.
The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.
Instructions for filling out deeds Read the entire form carefully. ... Enter all the names of the current owners of the property as the grantors on the deed. Enter all the names of the persons you want to be owners of the property as the grantees. ... Attach the legal description of the property from the prior deed.
A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.
A general warranty deed is the most common type of deed used for transferring real estate. It basically promises that: not only does the seller have good and proper title to sell the property, but all the prior owners also had good title, thus making a complete ?chain of ownership?; and.
A limited warranty deed transfers legal title to real property. However, this type of deed does not promise clear title; it only guarantees the title for the period during which the grantor owned it. Despite this, it is useful in some situations.
Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.
