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.
A Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual is a legal document used to convey real estate from a married couple to an individual buyer, providing a limited warranty guaranteeing the property's title against any defects that may have occurred during the couple's ownership. This deed ensures that the husband and wife transferring the property have full legal ownership without any encumbrances or claims. The limited warranty deed promises that the couple will defend the title against any potential claims arising from prior actions during their ownership. There are several types of Franklin Ohio Limited Warranty Deeds involving a husband and wife and an individual, including: 1. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual with Financial Consideration: This type of deed involves a monetary exchange between the couple and the individual. It states that the husband and wife are selling the property to the individual for a specified sum of money. 2. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual as a Gift: In this case, the couple voluntarily transfers ownership of the property to the individual without any financial consideration. It could be a gesture of goodwill or transfer for a specific purpose. 3. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual with Life Estate: This type of deed grants the individual full ownership rights to the property during their lifetime, while the husband and wife retain a life estate, allowing them to live on the property until their death. After the couple's passing, the individual becomes the sole owner. 4. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual with Survivorship Rights: This deed includes a clause of survivorship, meaning that if either the husband or wife passes away, the surviving spouse automatically inherits full ownership of the property. These various types of Franklin Ohio Limited Warranty Deeds provide individuals with different legal rights and create unique arrangements between the husband and wife and the transferee. It is crucial for all parties involved to seek legal advice and ensure that the deed accurately reflects their intentions and meets all legal requirements.A Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual is a legal document used to convey real estate from a married couple to an individual buyer, providing a limited warranty guaranteeing the property's title against any defects that may have occurred during the couple's ownership. This deed ensures that the husband and wife transferring the property have full legal ownership without any encumbrances or claims. The limited warranty deed promises that the couple will defend the title against any potential claims arising from prior actions during their ownership. There are several types of Franklin Ohio Limited Warranty Deeds involving a husband and wife and an individual, including: 1. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual with Financial Consideration: This type of deed involves a monetary exchange between the couple and the individual. It states that the husband and wife are selling the property to the individual for a specified sum of money. 2. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual as a Gift: In this case, the couple voluntarily transfers ownership of the property to the individual without any financial consideration. It could be a gesture of goodwill or transfer for a specific purpose. 3. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual with Life Estate: This type of deed grants the individual full ownership rights to the property during their lifetime, while the husband and wife retain a life estate, allowing them to live on the property until their death. After the couple's passing, the individual becomes the sole owner. 4. Franklin Ohio Limited Warranty Deed — Husband and Wife to Individual with Survivorship Rights: This deed includes a clause of survivorship, meaning that if either the husband or wife passes away, the surviving spouse automatically inherits full ownership of the property. These various types of Franklin Ohio Limited Warranty Deeds provide individuals with different legal rights and create unique arrangements between the husband and wife and the transferee. It is crucial for all parties involved to seek legal advice and ensure that the deed accurately reflects their intentions and meets all legal requirements.
