This form is a Limited Warranty Deed where the grantors are husband and wife
A Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual is a legal document that transfers the ownership of real property from a married couple to a specific individual. In this type of deed, the husband and wife guarantee that they have the legal right to transfer the property and will defend the title against any future claims. The limited warranty deed offers certain assurances to the buyer, also known as the grantee. It guarantees that the granters (husband and wife) will warrant and defend the property's title against any claims arising during their ownership. However, it does not provide protection against potential title issues that existed before they acquired the property. This type of deed is commonly used in Franklin, Ohio, to facilitate the sale or gifting of real estate between a married couple and an individual. It ensures that the grantee receives a clear and marketable title to the property, providing a certain level of confidence and protection during the real estate transaction. Different variations of the Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual may include: 1. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual with Consideration: This type of deed specifies the amount of money or other valuable consideration exchanged for the property. It is commonly used in sales where the buyer pays a specific amount to the husband and wife for the property's transfer. 2. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual without Consideration: This variation of the limited warranty deed is used when the property transfer is a gift or when there is no monetary consideration involved. In such cases, the transfer is based on love and affection or other non-financial factors. 3. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual with Life Estate: A limited warranty deed with a life estate grants the individual the current ownership rights to the property while allowing the husband and wife (granters) to retain the right to live in or use the property until their death. After their passing, the individual will have sole ownership of the property. 4. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual with Survivorship Rights: In this type of limited warranty deed, if one spouse were to pass away, the surviving spouse automatically becomes the sole owner of the property. It allows for co-ownership with rights of survivorship, ensuring a smooth transfer of ownership upon the death of one spouse. It is important to consult with a qualified real estate attorney or legal professional to ensure the accuracy and validity of any Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual. Additionally, it is always advisable to conduct a thorough title search and obtain title insurance to mitigate any potential risks or legal disputes related to the property's ownership.A Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual is a legal document that transfers the ownership of real property from a married couple to a specific individual. In this type of deed, the husband and wife guarantee that they have the legal right to transfer the property and will defend the title against any future claims. The limited warranty deed offers certain assurances to the buyer, also known as the grantee. It guarantees that the granters (husband and wife) will warrant and defend the property's title against any claims arising during their ownership. However, it does not provide protection against potential title issues that existed before they acquired the property. This type of deed is commonly used in Franklin, Ohio, to facilitate the sale or gifting of real estate between a married couple and an individual. It ensures that the grantee receives a clear and marketable title to the property, providing a certain level of confidence and protection during the real estate transaction. Different variations of the Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual may include: 1. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual with Consideration: This type of deed specifies the amount of money or other valuable consideration exchanged for the property. It is commonly used in sales where the buyer pays a specific amount to the husband and wife for the property's transfer. 2. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual without Consideration: This variation of the limited warranty deed is used when the property transfer is a gift or when there is no monetary consideration involved. In such cases, the transfer is based on love and affection or other non-financial factors. 3. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual with Life Estate: A limited warranty deed with a life estate grants the individual the current ownership rights to the property while allowing the husband and wife (granters) to retain the right to live in or use the property until their death. After their passing, the individual will have sole ownership of the property. 4. Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual with Survivorship Rights: In this type of limited warranty deed, if one spouse were to pass away, the surviving spouse automatically becomes the sole owner of the property. It allows for co-ownership with rights of survivorship, ensuring a smooth transfer of ownership upon the death of one spouse. It is important to consult with a qualified real estate attorney or legal professional to ensure the accuracy and validity of any Franklin Ohio Limited Warranty Deed from Husband and Wife to an Individual. Additionally, it is always advisable to conduct a thorough title search and obtain title insurance to mitigate any potential risks or legal disputes related to the property's ownership.
