This form is a Limited Warranty Deed where the grantor is an individual and the grantee is an individual.
A Dayton Ohio Limited Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real estate from one individual to another, providing certain assurances and protections to the buyer. This type of deed guarantees that the seller has clear and marketable title to the property and has the right to sell it. The limited warranty deed includes specific warranties, or guarantees, made by the seller. These warranties typically include: 1. Covenant of Basin: This guarantees that the seller owns the property and has the legal right to transfer it. 2. Covenant of Right to Convey: This assures the buyer that the seller has the authority to sell the property. 3. Covenant Against Encumbrances: This ensures that there are no undisclosed liens, easements, or other encumbrances on the property, except those specifically mentioned in the deed. 4. Covenant of Quiet Enjoyment: This guarantees that the buyer will not be disturbed in their possession and enjoyment of the property by any third-party claims. 5. Covenant of Warranty: This promises that the seller will defend the buyer against any claims to the title arising from before the seller acquired the property. It is important to note that a limited warranty deed only offers protection against claims arising during the seller's ownership of the property. It does not provide any guarantees for issues that may have existed prior to the seller's ownership. In Dayton, Ohio, there are no specific subtypes of limited warranty deeds from individual to individual. However, it is common to find additional clauses or provisions tailored to specific circumstances, such as a limited warranty deed with special warranty provisions. This may be used when the seller wishes to limit their liability for potential claims arising from before their ownership. Acquiring a limited warranty deed from an individual to an individual is essential for ensuring a smooth and secure real estate transaction. It provides the buyer with peace of mind knowing that the seller is taking responsibility for any issues that may arise during their ownership. When involved in such a transaction, it is crucial to consult with a qualified real estate attorney to ensure compliance with all relevant laws and regulations in Dayton, Ohio.A Dayton Ohio Limited Warranty Deed from Individual to Individual is a legal document used to transfer ownership of real estate from one individual to another, providing certain assurances and protections to the buyer. This type of deed guarantees that the seller has clear and marketable title to the property and has the right to sell it. The limited warranty deed includes specific warranties, or guarantees, made by the seller. These warranties typically include: 1. Covenant of Basin: This guarantees that the seller owns the property and has the legal right to transfer it. 2. Covenant of Right to Convey: This assures the buyer that the seller has the authority to sell the property. 3. Covenant Against Encumbrances: This ensures that there are no undisclosed liens, easements, or other encumbrances on the property, except those specifically mentioned in the deed. 4. Covenant of Quiet Enjoyment: This guarantees that the buyer will not be disturbed in their possession and enjoyment of the property by any third-party claims. 5. Covenant of Warranty: This promises that the seller will defend the buyer against any claims to the title arising from before the seller acquired the property. It is important to note that a limited warranty deed only offers protection against claims arising during the seller's ownership of the property. It does not provide any guarantees for issues that may have existed prior to the seller's ownership. In Dayton, Ohio, there are no specific subtypes of limited warranty deeds from individual to individual. However, it is common to find additional clauses or provisions tailored to specific circumstances, such as a limited warranty deed with special warranty provisions. This may be used when the seller wishes to limit their liability for potential claims arising from before their ownership. Acquiring a limited warranty deed from an individual to an individual is essential for ensuring a smooth and secure real estate transaction. It provides the buyer with peace of mind knowing that the seller is taking responsibility for any issues that may arise during their ownership. When involved in such a transaction, it is crucial to consult with a qualified real estate attorney to ensure compliance with all relevant laws and regulations in Dayton, Ohio.
