This form is a Limited Warranty Deed where the grantor is an individual and the grantee is an individual.
A Franklin Ohio Limited Warranty Deed from Individual to Individual is a legally binding document that serves as proof of ownership transfer of real estate property within the Franklin, Ohio jurisdiction. It guarantees that the seller (individual) has the legal authority to sell the property and assures the buyer (individual) that they will not face any future legal claims or disputes arising from the title of the property. The limited warranty deed offers a limited level of protection compared to a general warranty deed. It ensures that the seller will only defend against title claims that occurred during their ownership of the property. These limited claims can include undisclosed liens, encumbrances, or adverse possession claims. Different types or variations of Franklin Ohio Limited Warranty Deed from Individual to Individual may include: 1. Franklin Ohio Limited Warranty Deed with Exceptions: This type of deed contains specific exceptions or exclusions, which will be outlined within the document. These exceptions may limit the seller's responsibility or liability for certain title issues. 2. Franklin Ohio Limited Warranty Deed for Land: This type of limited warranty deed is specifically used for the transfer of undeveloped land or parcels. 3. Franklin Ohio Limited Warranty Deed with Life Estate: In this deed, the seller transfers the property to an individual with a life estate, allowing them to live on or utilize the property until their death. Upon their death, the property transfers to another designated individual. 4. Franklin Ohio Limited Warranty Deed with Survivorship: This deed is commonly used for joint ownership, such as married couples or business partners. It ensures that upon the death of one owner, the property automatically transfers to the surviving owner(s) without going through probate. 5. Franklin Ohio Limited Warranty Deed for Gift: This type of limited warranty deed is utilized when a person voluntarily transfers ownership of the property to another individual without any monetary consideration. It may be used for gifting property to family members, friends, or charitable organizations. In conclusion, a Franklin Ohio Limited Warranty Deed from Individual to Individual is a legal instrument that facilitates the transfer of real estate property ownership in Franklin, Ohio. Different variations or types of limited warranty deeds may exist based on specific circumstances or purposes, each serving their own distinct purposes.A Franklin Ohio Limited Warranty Deed from Individual to Individual is a legally binding document that serves as proof of ownership transfer of real estate property within the Franklin, Ohio jurisdiction. It guarantees that the seller (individual) has the legal authority to sell the property and assures the buyer (individual) that they will not face any future legal claims or disputes arising from the title of the property. The limited warranty deed offers a limited level of protection compared to a general warranty deed. It ensures that the seller will only defend against title claims that occurred during their ownership of the property. These limited claims can include undisclosed liens, encumbrances, or adverse possession claims. Different types or variations of Franklin Ohio Limited Warranty Deed from Individual to Individual may include: 1. Franklin Ohio Limited Warranty Deed with Exceptions: This type of deed contains specific exceptions or exclusions, which will be outlined within the document. These exceptions may limit the seller's responsibility or liability for certain title issues. 2. Franklin Ohio Limited Warranty Deed for Land: This type of limited warranty deed is specifically used for the transfer of undeveloped land or parcels. 3. Franklin Ohio Limited Warranty Deed with Life Estate: In this deed, the seller transfers the property to an individual with a life estate, allowing them to live on or utilize the property until their death. Upon their death, the property transfers to another designated individual. 4. Franklin Ohio Limited Warranty Deed with Survivorship: This deed is commonly used for joint ownership, such as married couples or business partners. It ensures that upon the death of one owner, the property automatically transfers to the surviving owner(s) without going through probate. 5. Franklin Ohio Limited Warranty Deed for Gift: This type of limited warranty deed is utilized when a person voluntarily transfers ownership of the property to another individual without any monetary consideration. It may be used for gifting property to family members, friends, or charitable organizations. In conclusion, a Franklin Ohio Limited Warranty Deed from Individual to Individual is a legal instrument that facilitates the transfer of real estate property ownership in Franklin, Ohio. Different variations or types of limited warranty deeds may exist based on specific circumstances or purposes, each serving their own distinct purposes.
