Grantors are two individuals and the Grantee is a limited liability company. Grantors convey and warrant the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantors, if any, which are reserved by Grantors.
Franklin Ohio General Warranty Deed from two Individuals to LLC is a legal document that transfers ownership of a property located in Franklin, Ohio, from two individuals to a Limited Liability Company (LLC). This type of deed provides the highest level of protection to the buyer, as it guarantees that the property is free of any liens, encumbrances, and claims. In Franklin, Ohio, there are two main types of General Warranty Deeds from two Individuals to LLC: 1. Franklin Ohio Joint Tenancy General Warranty Deed from two Individuals to LLC: This type of deed is used when the two individuals, known as granters, hold equal ownership interests in the property. The joint tenancy arrangement ensures that if one granter passes away, their interest automatically transfers to the surviving granter(s) without going through probate. 2. Franklin Ohio Tenancy in Common General Warranty Deed from two Individuals to LLC: Unlike joint tenancy, tenancy in common allows the two individuals to own distinct and separate interests in the property. Each granter may have different ownership percentages, and in the event of one granter's death, their interest is passed on according to their will or the laws of intestacy. Regardless of the specific type, a Franklin Ohio General Warranty Deed from two Individuals to LLC typically contains the following key elements: 1. Names and Addresses: The full legal names and addresses of both granters and the LLC are stated in the deed. 2. Description of the Property: A detailed description of the property being transferred is provided, including the address, legal description, and any additional identifying information. 3. Consideration: The amount of money or other valuable consideration exchanged between the granters and the LLC for the property transfer is stated. 4. Covenants and Warranties: The deed includes specific covenants and warranties made by the granters, guaranteeing that the property is free and clear of any liens, encumbrances, or claims, except those explicitly mentioned in the deed. 5. Signatures and Notarization: The deed must be signed by all granters in the presence of a notary public, who acknowledges their signatures. 6. Recording and Filing: After signing, the deed is typically filed with the County Recorder's Office in Franklin, Ohio, to officially transfer ownership and provide public notice of the transaction. It is important to consult with a qualified real estate attorney or professional to ensure compliance with state laws and to accurately complete a Franklin Ohio General Warranty Deed from two Individuals to LLC. This deed offers substantial protection and is a crucial document for transferring property ownership in Franklin, Ohio.
