This form is a Quitclaim Deed where the Grantors are four individuals and the Grantees are two individuals. Grantors convey and quitclaim the described property to Grantees. This deed complies with all state statutory laws.
A Franklin Ohio Quitclaim Deed is a legal document that transfers the ownership of property from four individuals to two individuals. This type of deed is specifically used when the granters (the individuals giving up ownership) do not make any warranties or guarantees about the quality or condition of the property being transferred. The Franklin Ohio Quitclaim Deed serves as evidence of the intent to transfer ownership and outlines the details of the transaction. It typically includes the names and addresses of all parties involved, a description of the property being transferred, and any relevant easements or encumbrances on the property. There are several types of Franklin Ohio Quitclaim Deed from Four Individuals to Two Individuals that can be categorized based on their specific use or purpose: 1. Standard Franklin Ohio Quitclaim Deed: This is the most common type of quitclaim deed used in Franklin, Ohio. It transfers the property from four individuals (granters) to two individuals (grantees) without any warranties or guarantees. 2. Joint Tenancy with Right of Survivorship: In this type of quitclaim deed, the property is transferred to the two individuals as joint tenants. This means that if one of the grantees passes away, their share of the property automatically transfers to the surviving grantee. 3. Tenancy in Common: This type of quitclaim deed allows the grantees to hold equal or unequal shares of the property being transferred. Each grantee has the right to sell, mortgage, or otherwise transfer their share without the consent of the other grantee. 4. Life Estate: A quitclaim deed with a life estate allows one of the grantees to have exclusive use and possession of the property until their death. After their passing, the ownership of the property transfers to the other grantee. It's important to note that while a quitclaim deed can transfer ownership, it does not offer the same level of protection and guarantees as a warranty deed. Therefore, it's advisable to seek legal advice and conduct thorough research before engaging in any real estate transactions using a Franklin Ohio Quitclaim Deed.
