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 that transfers ownership of a property from two individuals to a corporation, providing limited guarantees to the new owner. In Franklin, Ohio, there are several types of Limited Warranty Deeds available for such transfers, including: 1. Franklin Ohio General Warranty Deed: This type of Limited Warranty Deed offers the highest level of protection to the corporation, assuring that the property is free from any encumbrances or defects during the two individuals' ownership. 2. Franklin Ohio Special Warranty Deed: This Limited Warranty Deed, while similar to a General Warranty Deed, only guarantees that the property was free from any defects or encumbrances during the time the two individuals owned it. It does not cover any potential issues that may have existed prior to their ownership. 3. Franklin Ohio Quitclaim Deed: This type of Limited Warranty Deed transfers the property without any guarantees or warranties regarding the title. It simply releases any interest the two individuals have in the property to the corporation, without any representation as to the title's validity or encumbrances. When executing a Franklin Ohio Limited Warranty Deed, the document must contain specific keywords to ensure its legality and validity. These relevant keywords include: — "Limited Warranty Deed": This phrase explicitly identifies the type of conveyance being used, providing clarity for the parties involved and establishing the nature of the transfer. Granter oror(s)": This term refers to the two individuals who currently hold the ownership rights and are selling the property to the corporation. — "Grantee": This refers to the corporation that will become the new owner of the property. — "Consideration": This term denotes the agreed-upon price or value exchanged for the property within the conveyance. — "Property Description": A detailed description of the property being transferred, including its address, boundaries, and any other relevant details. — "Covenants": This section mentions the limited guarantees made by the sellers, ensuring that the property is free from any defects or encumbrances during their ownership. — "Legal Description": A precise description of the property's boundaries using established surveying methods and referencing official records. — "Witnesses": The presence of neutral witnesses is often required to validate the deed's execution and authenticity. — "Notary Public": A notary public should acknowledge the signatures and identities of the granters, grantees, and witnesses, providing an additional level of legality and authenticity. — "Execution and Delivery": Thgrantersrs' and grantees' signatures affirm their agreement to the terms of the deed, finalizing the transfer of ownership from the two individuals to the corporation. It is crucial to consult a real estate attorney or professional when executing a Franklin Ohio Limited Warranty Deed to ensure compliance with local laws and regulations, and to draft an accurate and legally binding document specific to the property transfer at hand.A Limited Warranty Deed is a legal document that transfers ownership of a property from two individuals to a corporation, providing limited guarantees to the new owner. In Franklin, Ohio, there are several types of Limited Warranty Deeds available for such transfers, including: 1. Franklin Ohio General Warranty Deed: This type of Limited Warranty Deed offers the highest level of protection to the corporation, assuring that the property is free from any encumbrances or defects during the two individuals' ownership. 2. Franklin Ohio Special Warranty Deed: This Limited Warranty Deed, while similar to a General Warranty Deed, only guarantees that the property was free from any defects or encumbrances during the time the two individuals owned it. It does not cover any potential issues that may have existed prior to their ownership. 3. Franklin Ohio Quitclaim Deed: This type of Limited Warranty Deed transfers the property without any guarantees or warranties regarding the title. It simply releases any interest the two individuals have in the property to the corporation, without any representation as to the title's validity or encumbrances. When executing a Franklin Ohio Limited Warranty Deed, the document must contain specific keywords to ensure its legality and validity. These relevant keywords include: — "Limited Warranty Deed": This phrase explicitly identifies the type of conveyance being used, providing clarity for the parties involved and establishing the nature of the transfer. Granter oror(s)": This term refers to the two individuals who currently hold the ownership rights and are selling the property to the corporation. — "Grantee": This refers to the corporation that will become the new owner of the property. — "Consideration": This term denotes the agreed-upon price or value exchanged for the property within the conveyance. — "Property Description": A detailed description of the property being transferred, including its address, boundaries, and any other relevant details. — "Covenants": This section mentions the limited guarantees made by the sellers, ensuring that the property is free from any defects or encumbrances during their ownership. — "Legal Description": A precise description of the property's boundaries using established surveying methods and referencing official records. — "Witnesses": The presence of neutral witnesses is often required to validate the deed's execution and authenticity. — "Notary Public": A notary public should acknowledge the signatures and identities of the granters, grantees, and witnesses, providing an additional level of legality and authenticity. — "Execution and Delivery": Thgrantersrs' and grantees' signatures affirm their agreement to the terms of the deed, finalizing the transfer of ownership from the two individuals to the corporation. It is crucial to consult a real estate attorney or professional when executing a Franklin Ohio Limited Warranty Deed to ensure compliance with local laws and regulations, and to draft an accurate and legally binding document specific to the property transfer at hand.
