This form is a Limited Warranty Deed where the grantor is an individual and the grantee is a limited liability company.
Akron Ohio Limited Warranty Deed from Individual to LLC is a legal document that transfers the ownership of a property in Akron, Ohio, from an individual property owner to a limited liability company (LLC). This type of deed provides certain assurances to the LLC in terms of the property's title, ensuring that the individual granter holds clear and marketable title to the property and warrants to defend the title against any claims that may arise. In Akron, Ohio, there are various types of Limited Warranty Deeds that can be executed between an individual and an LLC. Some of these variations may include: 1. Traditional Limited Warranty Deed: This type of deed is the most common form used in real estate transactions. It guarantees that the individual granter has not conveyed the property to anyone else and that there are no undisclosed claims or liens on the property. 2. Special Warranty Deed: This deed type ensures that the granter will warrant and defend the title only against claims arising during their ownership. It offers a more limited level of protection compared to the traditional limited warranty deed. 3. Ohio Acknowledged Limited Warranty Deed: This type of deed is specific to Ohio and requires an acknowledgment by the granter before a notary public. The granter acknowledges the execution of the deed voluntarily and without any undue influence. 4. Executor's Limited Warranty Deed: If the property is being transferred as part of an estate, this type of deed may be utilized. It is executed by the executor or personal representative of the deceased individual's estate and grants the property to the LLC. 5. Trustee's Limited Warranty Deed: In cases where the property is held in a trust, a trustee may execute this type of deed to transfer ownership of the property from the individual trustee to the LLC. It is crucial to consult with a legal professional or an experienced real estate attorney to ensure the correct type of Akron Ohio Limited Warranty Deed is utilized based on the specific circumstances of the transaction. This will help protect both parties involved and ensure a smooth transfer of ownership.Akron Ohio Limited Warranty Deed from Individual to LLC is a legal document that transfers the ownership of a property in Akron, Ohio, from an individual property owner to a limited liability company (LLC). This type of deed provides certain assurances to the LLC in terms of the property's title, ensuring that the individual granter holds clear and marketable title to the property and warrants to defend the title against any claims that may arise. In Akron, Ohio, there are various types of Limited Warranty Deeds that can be executed between an individual and an LLC. Some of these variations may include: 1. Traditional Limited Warranty Deed: This type of deed is the most common form used in real estate transactions. It guarantees that the individual granter has not conveyed the property to anyone else and that there are no undisclosed claims or liens on the property. 2. Special Warranty Deed: This deed type ensures that the granter will warrant and defend the title only against claims arising during their ownership. It offers a more limited level of protection compared to the traditional limited warranty deed. 3. Ohio Acknowledged Limited Warranty Deed: This type of deed is specific to Ohio and requires an acknowledgment by the granter before a notary public. The granter acknowledges the execution of the deed voluntarily and without any undue influence. 4. Executor's Limited Warranty Deed: If the property is being transferred as part of an estate, this type of deed may be utilized. It is executed by the executor or personal representative of the deceased individual's estate and grants the property to the LLC. 5. Trustee's Limited Warranty Deed: In cases where the property is held in a trust, a trustee may execute this type of deed to transfer ownership of the property from the individual trustee to the LLC. It is crucial to consult with a legal professional or an experienced real estate attorney to ensure the correct type of Akron Ohio Limited Warranty Deed is utilized based on the specific circumstances of the transaction. This will help protect both parties involved and ensure a smooth transfer of ownership.
