This form is a Limited Warranty Deed where the grantors are husband and wife
Franklin Ohio Limited Warranty Deed from Husband and Wife to LLC refers to a legal document that transfers specific property rights from a married couple to a Limited Liability Company (LLC) in the region of Franklin, Ohio. This deed guarantees certain assurances and protections to the LLC against any defects in the title or claims made by prior owners. This article aims to provide a comprehensive description of this type of deed, including its purpose, features, and potential variations. A limited warranty deed is a formal legal instrument used in real estate transactions to transfer ownership rights. In the context of Franklin, Ohio, this deed involves the transfer of property from a husband and wife to an LLC entity. This document is typically drafted by an attorney and requires the signature of both parties, the husband and wife, as well as a notary public. By executing a limited warranty deed, the husband and wife convey their property interest to the LLC, ensuring that it receives a clear and marketable title. This means that the LLC will obtain full ownership rights to the property, free from any liens or encumbrances, except for those explicitly listed on the deed. The limited warranty aspect of this deed provides certain warranties or guarantees to the LLC. It assures that the husband and wife, as granters, have the legal authority to transfer the property, that the property is free from undisclosed defects or claims arising during their ownership, and that they will defend the LLC against any lawful claims affecting the transferred property. Different types of Franklin Ohio Limited Warranty Deed from Husband and Wife to LLC may include: 1. Franklin Ohio Limited Warranty Deed with General Covenants: This type of deed includes additional covenants or promises made by the granters to the LLC, such as promising that they have not transferred the property to any other party and that the property is free of undisclosed liens or encumbrances. 2. Franklin Ohio Limited Warranty Deed with Special Covenants: This variation may include specific promises made by the granters regarding the property, such as its legal description, zoning restrictions, or the absence of environmental hazards. 3. Franklin Ohio Limited Warranty Deed with Quitclaim Covenants: A quitclaim covenant deed offers fewer assurances to the LLC. While it transfers the granters' interest in the property, it does not provide any guarantees about the property's title or potential defects. 4. Franklin Ohio Limited Warranty Deed with Lender Consent: This type of deed involves the consent and involvement of a lender, such as a mortgage company or financial institution, for the transfer of property rights to the LLC. It ensures that the lender approves and acknowledges the transfer, maintaining their interest as well. In summary, a Franklin Ohio Limited Warranty Deed from Husband and Wife to LLC facilitates the transfer of property rights from a married couple to an LLC in Franklin, Ohio, while providing certain warranties, covenants, and assurances to protect the LLC's ownership. Different variations of this deed may exist, tailored to specific circumstances or additional parties involved in the transaction.Franklin Ohio Limited Warranty Deed from Husband and Wife to LLC refers to a legal document that transfers specific property rights from a married couple to a Limited Liability Company (LLC) in the region of Franklin, Ohio. This deed guarantees certain assurances and protections to the LLC against any defects in the title or claims made by prior owners. This article aims to provide a comprehensive description of this type of deed, including its purpose, features, and potential variations. A limited warranty deed is a formal legal instrument used in real estate transactions to transfer ownership rights. In the context of Franklin, Ohio, this deed involves the transfer of property from a husband and wife to an LLC entity. This document is typically drafted by an attorney and requires the signature of both parties, the husband and wife, as well as a notary public. By executing a limited warranty deed, the husband and wife convey their property interest to the LLC, ensuring that it receives a clear and marketable title. This means that the LLC will obtain full ownership rights to the property, free from any liens or encumbrances, except for those explicitly listed on the deed. The limited warranty aspect of this deed provides certain warranties or guarantees to the LLC. It assures that the husband and wife, as granters, have the legal authority to transfer the property, that the property is free from undisclosed defects or claims arising during their ownership, and that they will defend the LLC against any lawful claims affecting the transferred property. Different types of Franklin Ohio Limited Warranty Deed from Husband and Wife to LLC may include: 1. Franklin Ohio Limited Warranty Deed with General Covenants: This type of deed includes additional covenants or promises made by the granters to the LLC, such as promising that they have not transferred the property to any other party and that the property is free of undisclosed liens or encumbrances. 2. Franklin Ohio Limited Warranty Deed with Special Covenants: This variation may include specific promises made by the granters regarding the property, such as its legal description, zoning restrictions, or the absence of environmental hazards. 3. Franklin Ohio Limited Warranty Deed with Quitclaim Covenants: A quitclaim covenant deed offers fewer assurances to the LLC. While it transfers the granters' interest in the property, it does not provide any guarantees about the property's title or potential defects. 4. Franklin Ohio Limited Warranty Deed with Lender Consent: This type of deed involves the consent and involvement of a lender, such as a mortgage company or financial institution, for the transfer of property rights to the LLC. It ensures that the lender approves and acknowledges the transfer, maintaining their interest as well. In summary, a Franklin Ohio Limited Warranty Deed from Husband and Wife to LLC facilitates the transfer of property rights from a married couple to an LLC in Franklin, Ohio, while providing certain warranties, covenants, and assurances to protect the LLC's ownership. Different variations of this deed may exist, tailored to specific circumstances or additional parties involved in the transaction.
