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.
Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual is a legal document that transfers ownership of a property from a married couple to an individual while ensuring certain guarantees and protections. This type of deed is commonly used in real estate transactions in Toledo, Ohio, to clearly establish the rights and responsibilities of all parties involved. Here is a detailed description along with some relevant keywords: 1. Definition: A Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual is a legal instrument that conveys real estate property from a married couple (granters) to an individual (grantee) while providing limited warranties and assurances of clear title. It guarantees that the property is free from any defects, encumbrances, claims, or liens arising during the time the couple owned it. 2. Significance: This type of deed protects the interests of the grantee by warranting a good and marketable title for the property, ensuring that the grantee will not face legal issues or financial obligations due to the actions or claims of the granter during their ownership. 3. Key Elements: The Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual contains essential information, including: Grantersrs' names: The husband and wife who currently own the property. — Grantee's name: The individual who will receive ownership. — Legal description: A detailed and accurate description of the property being transferred, including boundaries, lot numbers, and any improvements. — Consideration: The amount of money, goods, or services exchanged between granters and grantee as part of the transaction. — Warranty clause: A statement by thgrantersrs that they have clear title to the property and will defend the grantee's ownership against any lawful claims. 4. Types: While there may not be specific subtypes of Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual, there could be variations based on specific circumstances, such as: — Limited Warranty Deed with Survivorship Rights: If the married couple intends for the surviving spouse to automatically inherit the property upon the death of the other spouse. — Limited Warranty Deed with Restrictions: When additional restrictions or covenants are attached to the property, regulating its use, development, or maintenance. 5. Legal Requirements: To ensure validity, a Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual must meet certain legal requirements, including: — Proper execution: The deed must be signed and notarized by both spouses as granters, as well as the individual as the grantee. — Delivery: The deed must be delivered to the grantee, demonstrating the intention to transfer ownership. — Recording: The deed should be recorded with the Lucas County Recorder's Office to provide notice to the public and protect the rights of the grantee. In conclusion, a Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual is a legally binding document that facilitates the transfer of property ownership while guaranteeing limited warranties and the absence of certain claims. It is crucial to consult with a qualified real estate attorney or legal professional to ensure compliance with all relevant laws and regulations.Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual is a legal document that transfers ownership of a property from a married couple to an individual while ensuring certain guarantees and protections. This type of deed is commonly used in real estate transactions in Toledo, Ohio, to clearly establish the rights and responsibilities of all parties involved. Here is a detailed description along with some relevant keywords: 1. Definition: A Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual is a legal instrument that conveys real estate property from a married couple (granters) to an individual (grantee) while providing limited warranties and assurances of clear title. It guarantees that the property is free from any defects, encumbrances, claims, or liens arising during the time the couple owned it. 2. Significance: This type of deed protects the interests of the grantee by warranting a good and marketable title for the property, ensuring that the grantee will not face legal issues or financial obligations due to the actions or claims of the granter during their ownership. 3. Key Elements: The Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual contains essential information, including: Grantersrs' names: The husband and wife who currently own the property. — Grantee's name: The individual who will receive ownership. — Legal description: A detailed and accurate description of the property being transferred, including boundaries, lot numbers, and any improvements. — Consideration: The amount of money, goods, or services exchanged between granters and grantee as part of the transaction. — Warranty clause: A statement by thgrantersrs that they have clear title to the property and will defend the grantee's ownership against any lawful claims. 4. Types: While there may not be specific subtypes of Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual, there could be variations based on specific circumstances, such as: — Limited Warranty Deed with Survivorship Rights: If the married couple intends for the surviving spouse to automatically inherit the property upon the death of the other spouse. — Limited Warranty Deed with Restrictions: When additional restrictions or covenants are attached to the property, regulating its use, development, or maintenance. 5. Legal Requirements: To ensure validity, a Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual must meet certain legal requirements, including: — Proper execution: The deed must be signed and notarized by both spouses as granters, as well as the individual as the grantee. — Delivery: The deed must be delivered to the grantee, demonstrating the intention to transfer ownership. — Recording: The deed should be recorded with the Lucas County Recorder's Office to provide notice to the public and protect the rights of the grantee. In conclusion, a Toledo Ohio Limited Warranty Deed — Husband and Wife to Individual is a legally binding document that facilitates the transfer of property ownership while guaranteeing limited warranties and the absence of certain claims. It is crucial to consult with a qualified real estate attorney or legal professional to ensure compliance with all relevant laws and regulations.
