Ohio Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-320
• Format: Word; Rich Text

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale. 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 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.