Akron Ohio Warranty Deed

• Category: Ohio Real Estate
• State: Ohio
• City: Akron
• Control #: OH-LR017
• Format: Word; Rich Text

Description

Warranty deeds provide the purchaser of the property with the highest form of protection, and are often used when a buyer wants to get financing for a mortgage or title insurance. This form is used by a married couple as the Grantors and the Grantees are the Trustees of an Irrevocable Trust. Akron Ohio Warranty Deed is a legal document that transfers ownership of real property in Akron, Ohio, from one party to another, guaranteeing that the property is free from any defects or claims. This type of deed provides a level of assurance or warranty to the buyer regarding the property's title. The Akron Ohio Warranty Deed includes vital information such as the names and addresses of the granter (current owner) and grantee (buyer), a description of the property, and the specific warranties and promises made by the granter. These warranties typically include: 1. Covenant of Basin: This warranty ensures that the granter has legal ownership and the right to sell the property. 2. Covenant of Right to Convey: This warranty guarantees that the granter has the authority to transfer the property. 3. Covenant Against Encumbrances: This warranty states that the property is free from any liens, mortgages, or other encumbrances, except those explicitly specified in the deed. 4. Covenant of Quiet Enjoyment: This warranty promises that the grantee will not be disturbed in their possession or enjoyment of the property due to any third-party claims. 5. Covenant of Warranty: This warranty guarantees that the granter will defend the grantee against any future claims or title defects. It is important to note that there are different types of Akron Ohio Warranty Deeds, namely: 1. General Warranty Deed: This type of deed provides the broadest level of protection to the grantee, as it ensures the property's title against all possible defects, whether they occurred before or during the granter's ownership. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees the title against defects that arose during the granter's ownership. It does not provide protection against any issues that may have existed before the granter acquired the property. 3. Quitclaim Deed: While not technically a warranty deed, the quitclaim deed is commonly used in Akron, Ohio, to transfer property. Unlike warranty deeds, it does not make any promises or warranties about the property's title. Instead, it simply transfers the granter's interest in the property, if any, to the grantee. When buying or selling property in Akron, Ohio, it is crucial to understand the specific type of warranty deed being used to ensure the level of protection provided. A qualified real estate attorney should be consulted to draft or review the Akron Ohio Warranty Deed and explain its implications thoroughly.

Akron Ohio Warranty Deed is a legal document that transfers ownership of real property in Akron, Ohio, from one party to another, guaranteeing that the property is free from any defects or claims. This type of deed provides a level of assurance or warranty to the buyer regarding the property's title. The Akron Ohio Warranty Deed includes vital information such as the names and addresses of the granter (current owner) and grantee (buyer), a description of the property, and the specific warranties and promises made by the granter. These warranties typically include: 1. Covenant of Basin: This warranty ensures that the granter has legal ownership and the right to sell the property. 2. Covenant of Right to Convey: This warranty guarantees that the granter has the authority to transfer the property. 3. Covenant Against Encumbrances: This warranty states that the property is free from any liens, mortgages, or other encumbrances, except those explicitly specified in the deed. 4. Covenant of Quiet Enjoyment: This warranty promises that the grantee will not be disturbed in their possession or enjoyment of the property due to any third-party claims. 5. Covenant of Warranty: This warranty guarantees that the granter will defend the grantee against any future claims or title defects. It is important to note that there are different types of Akron Ohio Warranty Deeds, namely: 1. General Warranty Deed: This type of deed provides the broadest level of protection to the grantee, as it ensures the property's title against all possible defects, whether they occurred before or during the granter's ownership. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed only guarantees the title against defects that arose during the granter's ownership. It does not provide protection against any issues that may have existed before the granter acquired the property. 3. Quitclaim Deed: While not technically a warranty deed, the quitclaim deed is commonly used in Akron, Ohio, to transfer property. Unlike warranty deeds, it does not make any promises or warranties about the property's title. Instead, it simply transfers the granter's interest in the property, if any, to the grantee. When buying or selling property in Akron, Ohio, it is crucial to understand the specific type of warranty deed being used to ensure the level of protection provided. A qualified real estate attorney should be consulted to draft or review the Akron Ohio Warranty Deed and explain its implications thoroughly.