This form is a Limited Warranty Deed where the Grantors are two individuals and the and the Grantee is a Corporation. Grantors convey and warrant the described property to the Grantee. Grantors warrant the property to be free of all liens and encumbrances made by and through the Grantors, and not otherwise. This deed complies with all state statutory laws.
A Limited Warranty Deed is a legal document commonly used in real estate transactions to transfer ownership of a property from two individuals to a corporation. In Cuyahoga County, Ohio, there are different types of Limited Warranty Deeds specific to this jurisdiction. Let's explore these variations and provide a detailed description of each: 1. Cuyahoga Ohio Limited Warranty Deed — Money Consideration: This type of Limited Warranty Deed involves the transfer of property ownership from two individuals to a corporation in exchange for a specified amount of money. The document ensures that the granters (the individuals) will defend the title against any claims arising during their ownership period. By executing this deed, they guarantee that no encumbrances or undisclosed rights will affect the corporation's ownership rights. 2. Cuyahoga Ohio Limited Warranty Deed — Gift: In some cases, individuals may choose to transfer property to a corporation as a gift. This specific type of Limited Warranty Deed serves to convey ownership without any monetary consideration. It guarantees that the granters have valid ownership rights and transfer their interest to the corporation, underscoring that no encumbrances or claims will affect the gift's validity. 3. Cuyahoga Ohio Limited Warranty Deed — Trustee to Corporation: Where a property is held in a trust, the trustee, acting on behalf of two individuals, transfers ownership to a corporation. This Limited Warranty Deed is used for cases where the trust agreement allows such transfers. It ensures that any claims and encumbrances arising during the trustees' ownership period are defended by them, protecting the corporation's interests. 4. Cuyahoga Ohio Limited Warranty Deed — Inheritance: In situations where property has been inherited jointly by two individuals, a Limited Warranty Deed can be used to transfer ownership to a corporation. This document assures the corporation that the inherited property is free from any undisclosed claims or encumbrances, providing protection against potential legal issues. Overall, a Cuyahoga Ohio Limited Warranty Deed from two Individuals to Corporation is a legal instrument through which property ownership is transferred from two individuals to a corporation in various circumstances. Using this document ensures that the corporation receives a property with a clear title, and the granters bear the responsibility of defending the title against any challenges or claims that may arise during their ownership period.A Limited Warranty Deed is a legal document commonly used in real estate transactions to transfer ownership of a property from two individuals to a corporation. In Cuyahoga County, Ohio, there are different types of Limited Warranty Deeds specific to this jurisdiction. Let's explore these variations and provide a detailed description of each: 1. Cuyahoga Ohio Limited Warranty Deed — Money Consideration: This type of Limited Warranty Deed involves the transfer of property ownership from two individuals to a corporation in exchange for a specified amount of money. The document ensures that the granters (the individuals) will defend the title against any claims arising during their ownership period. By executing this deed, they guarantee that no encumbrances or undisclosed rights will affect the corporation's ownership rights. 2. Cuyahoga Ohio Limited Warranty Deed — Gift: In some cases, individuals may choose to transfer property to a corporation as a gift. This specific type of Limited Warranty Deed serves to convey ownership without any monetary consideration. It guarantees that the granters have valid ownership rights and transfer their interest to the corporation, underscoring that no encumbrances or claims will affect the gift's validity. 3. Cuyahoga Ohio Limited Warranty Deed — Trustee to Corporation: Where a property is held in a trust, the trustee, acting on behalf of two individuals, transfers ownership to a corporation. This Limited Warranty Deed is used for cases where the trust agreement allows such transfers. It ensures that any claims and encumbrances arising during the trustees' ownership period are defended by them, protecting the corporation's interests. 4. Cuyahoga Ohio Limited Warranty Deed — Inheritance: In situations where property has been inherited jointly by two individuals, a Limited Warranty Deed can be used to transfer ownership to a corporation. This document assures the corporation that the inherited property is free from any undisclosed claims or encumbrances, providing protection against potential legal issues. Overall, a Cuyahoga Ohio Limited Warranty Deed from two Individuals to Corporation is a legal instrument through which property ownership is transferred from two individuals to a corporation in various circumstances. Using this document ensures that the corporation receives a property with a clear title, and the granters bear the responsibility of defending the title against any challenges or claims that may arise during their ownership period.
