This form is a Limited Warranty Deed where the grantors are husband and wife
Akron Ohio Limited Warranty Deed: Husband and Wife Transferring Property Rights to a Corporation A limited warranty deed is a legal document used when a husband and wife (granters) transfer their ownership rights of a property to a corporation (grantee) in Akron, Ohio. This deed provides a limited guarantee or warranty, ensuring that the granters have not conveyed the property rights to any other person or entity and that the property is free from any encumbrances during their ownership. This legal transaction establishes the transfer of title from the husband and wife to the corporation, securing the corporation's rights and ownership of the property. The deed includes essential information like the granting parties' names, the corporation's name, the property description, and any stipulations agreed upon during the transfer. Different types of limited warranty deeds between husband and wife and a corporation typically include: 1. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation with Monetary Consideration: This type of deed is utilized when the corporation provides a monetary payment to the husband and wife in exchange for the property ownership transfer. The details of the agreed-upon monetary consideration will be documented within the deed. 2. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation without Monetary Consideration: In cases where the husband and wife transfer the property ownership to the corporation without any monetary compensation, this type of deed is used. It typically includes a nominal amount, such as "for one dollar" as the consideration amount. 3. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation with Specific Terms: This type of limited warranty deed includes specific terms or conditions agreed upon by the parties involved. Such terms could include easements, restrictions, or any other special provisions that the husband, wife, and corporation have mutually decided upon and want to explicitly include in the deed. 4. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation for a Partial Interest: This particular deed is utilized when the husband and wife transfer only a portion of their ownership interest in the property to the corporation, while retaining the remaining portion for themselves. This type of deed establishes the corporation's control over the specified portion of the property. In summary, an Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation is a legally binding document that ensures the transfer of property rights from a husband and wife to a corporation. There are variations of this deed, including those with monetary compensation, without compensation, with specific terms, or for a partial interest. It is essential to consult with legal professionals to understand the specific requirements and procedures associated with each type of deed during the property transfer process.Akron Ohio Limited Warranty Deed: Husband and Wife Transferring Property Rights to a Corporation A limited warranty deed is a legal document used when a husband and wife (granters) transfer their ownership rights of a property to a corporation (grantee) in Akron, Ohio. This deed provides a limited guarantee or warranty, ensuring that the granters have not conveyed the property rights to any other person or entity and that the property is free from any encumbrances during their ownership. This legal transaction establishes the transfer of title from the husband and wife to the corporation, securing the corporation's rights and ownership of the property. The deed includes essential information like the granting parties' names, the corporation's name, the property description, and any stipulations agreed upon during the transfer. Different types of limited warranty deeds between husband and wife and a corporation typically include: 1. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation with Monetary Consideration: This type of deed is utilized when the corporation provides a monetary payment to the husband and wife in exchange for the property ownership transfer. The details of the agreed-upon monetary consideration will be documented within the deed. 2. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation without Monetary Consideration: In cases where the husband and wife transfer the property ownership to the corporation without any monetary compensation, this type of deed is used. It typically includes a nominal amount, such as "for one dollar" as the consideration amount. 3. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation with Specific Terms: This type of limited warranty deed includes specific terms or conditions agreed upon by the parties involved. Such terms could include easements, restrictions, or any other special provisions that the husband, wife, and corporation have mutually decided upon and want to explicitly include in the deed. 4. Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation for a Partial Interest: This particular deed is utilized when the husband and wife transfer only a portion of their ownership interest in the property to the corporation, while retaining the remaining portion for themselves. This type of deed establishes the corporation's control over the specified portion of the property. In summary, an Akron Ohio Limited Warranty Deed from Husband and Wife to Corporation is a legally binding document that ensures the transfer of property rights from a husband and wife to a corporation. There are variations of this deed, including those with monetary compensation, without compensation, with specific terms, or for a partial interest. It is essential to consult with legal professionals to understand the specific requirements and procedures associated with each type of deed during the property transfer process.
