This form is a Limited Warranty Deed, also known as a Special Warrant Deed, where the grantors are husband and wife and the grantee is an individual. Grantor conveys and specially warrants the described property to the grantee. This deed complies with all state statutory laws.
Akron Ohio Limited Warranty Deed — Husband and Wife to Individual is a legally binding document used in real estate transactions that transfer property ownership from a married couple to an individual. This type of deed ensures that the property is free from any undisclosed encumbrances, except those specifically mentioned in the deed. The process of transferring ownership through a Limited Warranty Deed requires careful attention to detail to ensure a smooth and legally valid transaction. The document must accurately identify the property being transferred, provide a detailed legal description, and state the names of the current owners (husband and wife) as well as the individual receiving ownership. Additionally, the deed should establish the consideration for the transfer, which is usually the agreed-upon purchase price. By using a Limited Warranty Deed, the husband and wife guarantee that they have the legal right to sell the property, and they acknowledge that they will defend the buyer against any claim made by a third party for defects or encumbrances arising from the time they owned the property. However, this warranty is limited to only the period during which the husband and wife owned the property; any issues arising before their ownership are not covered. There are variations of the Akron Ohio Limited Warranty Deed — Husband and Wife to Individual that cater to specific circumstances, such as: 1. Akron Ohio Limited Warranty Deed — Husband and Wife to Individual with Exclusions: This type of deed may exclude certain liabilities or encumbrances that the husband and wife are unwilling or unable to warrant against. It provides more flexibility to parties involved, as specific issues can be omitted from the warranty. 2. Akron Ohio Limited Warranty Deed — Husband and Wife to Individual with Special Provisions: In some cases, additional clauses or special provisions may be included in the deed to address unique circumstances or to protect the interests of all parties involved. These provisions can be negotiated and added to the deed as needed. When executing a Limited Warranty Deed in Akron Ohio, it is crucial to seek advice from a real estate attorney or a qualified professional to ensure compliance with local laws and regulations. Additionally, both the sellers (husband and wife) and the individual receiving ownership should thoroughly review the deed to ensure that all terms and conditions are accurately reflected before signing.
