This form is a Limited Warranty Deed where the grantors are husband and wife
A Dayton Ohio Limited Warranty Deed from Husband and Wife to an Individual is a legal document that transfers ownership of real estate property in Dayton, Ohio from a married couple to a specific individual. This type of deed provides certain assurances and protections to the buyer regarding the property's title. When drafting a Dayton Ohio Limited Warranty Deed from Husband and Wife to an Individual, it is crucial to include the following key details: 1. Parties Involved: Clearly state the names of the husband and wife (granters) who are transferring the property, as well as the name of the individual (grantee) who will be taking ownership. 2. Property Description: Provide a detailed description of the property being conveyed, including its address, legal description, and any identifying markers, such as lot numbers or boundary lines. 3. Covenants: A Limited Warranty Deed should contain specific covenants from the granters, ensuring that they have good legal title to the property, it is free from any encumbrances, and they have the authority to sell the property. 4. Warranty Clause: Include a statement declaring that the granters will defend the title against any claims or demands that may arise against the property during their ownership period. 5. Consideration: Specify the amount or consideration given by the grantee in exchange for the property transfer. This can be a monetary amount, property exchange, or any other agreed-upon form of consideration. 6. Signatures and Notarization: It is crucial to have the deed signed and acknowledged by both granters in front of a notary public to ensure its legality and enforceability. Different types of Dayton Ohio Limited Warranty Deeds from Husband and Wife to an Individual may include variations depending on the particular circumstances or agreement. These may include: 1. Special Warranty Deed: This type of deed provides a limited warranty, but only guarantees against title defects that may have arisen during the granter's ownership period. It does not cover any defects that predate the granter's ownership. 2. Quitclaim Deed: Unlike a Limited Warranty Deed, a Quitclaim Deed offers no guarantees as to the title's status or any potential encumbrances. It simply transfers whatever interest the granters have, if any, in the property. 3. Survivorship Deed: This type of deed is commonly used when the property is owned jointly by a husband and wife. Upon the death of one spouse, the surviving spouse automatically inherits the deceased spouse's interest in the property. In conclusion, a Dayton Ohio Limited Warranty Deed from Husband and Wife to an Individual is a legal instrument that ensures the transfer of property ownership with certain assurances regarding the title. By accurately drafting this document and including all relevant details, both parties can have peace of mind and protect their respective interests in the property.A Dayton Ohio Limited Warranty Deed from Husband and Wife to an Individual is a legal document that transfers ownership of real estate property in Dayton, Ohio from a married couple to a specific individual. This type of deed provides certain assurances and protections to the buyer regarding the property's title. When drafting a Dayton Ohio Limited Warranty Deed from Husband and Wife to an Individual, it is crucial to include the following key details: 1. Parties Involved: Clearly state the names of the husband and wife (granters) who are transferring the property, as well as the name of the individual (grantee) who will be taking ownership. 2. Property Description: Provide a detailed description of the property being conveyed, including its address, legal description, and any identifying markers, such as lot numbers or boundary lines. 3. Covenants: A Limited Warranty Deed should contain specific covenants from the granters, ensuring that they have good legal title to the property, it is free from any encumbrances, and they have the authority to sell the property. 4. Warranty Clause: Include a statement declaring that the granters will defend the title against any claims or demands that may arise against the property during their ownership period. 5. Consideration: Specify the amount or consideration given by the grantee in exchange for the property transfer. This can be a monetary amount, property exchange, or any other agreed-upon form of consideration. 6. Signatures and Notarization: It is crucial to have the deed signed and acknowledged by both granters in front of a notary public to ensure its legality and enforceability. Different types of Dayton Ohio Limited Warranty Deeds from Husband and Wife to an Individual may include variations depending on the particular circumstances or agreement. These may include: 1. Special Warranty Deed: This type of deed provides a limited warranty, but only guarantees against title defects that may have arisen during the granter's ownership period. It does not cover any defects that predate the granter's ownership. 2. Quitclaim Deed: Unlike a Limited Warranty Deed, a Quitclaim Deed offers no guarantees as to the title's status or any potential encumbrances. It simply transfers whatever interest the granters have, if any, in the property. 3. Survivorship Deed: This type of deed is commonly used when the property is owned jointly by a husband and wife. Upon the death of one spouse, the surviving spouse automatically inherits the deceased spouse's interest in the property. In conclusion, a Dayton Ohio Limited Warranty Deed from Husband and Wife to an Individual is a legal instrument that ensures the transfer of property ownership with certain assurances regarding the title. By accurately drafting this document and including all relevant details, both parties can have peace of mind and protect their respective interests in the property.
