Cuyahoga Ohio General Warranty Deed

Category:
State:
Ohio
County:
Cuyahoga
Control #:
OH-LR018
Format:
Word; 
Rich Text
Instant download

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 an unmarried person as the Grantor and the Grantee is a limited liability company. A Cuyahoga Ohio General Warranty Deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another while providing certain warranties and assurances about the property's title. This type of deed guarantees that the seller, also known as the granter, has legal ownership of the property and has the right to sell it. In Cuyahoga County, Ohio, a General Warranty Deed offers the highest level of protection to the buyer, known as the grantee. It assures the grantee that the property is free from any encumbrances, defects, or claims made by previous owners, except those specifically mentioned in the deed. This type of deed is often used in residential and commercial real estate transactions. The Cuyahoga Ohio General Warranty Deed includes several crucial elements, including the names and addresses of the granter and grantee, a thorough legal description of the property, the consideration paid for the property, and any specific warranties or covenants made by the granter. These warranties typically include: 1. Covenant of Basin: The granter warrants that they own the property and have the legal right to sell it. 2. Covenant of Right to Convey: The granter guarantees that they have the authority to transfer the property to the grantee. 3. Covenant Against Encumbrances: The granter assures that there are no undisclosed liens, mortgages, or other encumbrances on the property. 4. Covenant of Quiet Enjoyment: The granter promises that the grantee will not face any legal claims on the property by third parties. 5. Covenant of Warranty: The granter agrees to defend the title against any claims that may arise in the future. While the Cuyahoga Ohio General Warranty Deed is the most common type used, there are other variations that may be utilized based on specific circumstances. These variations include: 1. Special Warranty Deed: This type of deed only warrants against defects or claims that occurred during the granter's ownership, not previous owners. 2. Quitclaim Deed: Unlike a General Warranty Deed, a quitclaim deed provides no warranties or guarantees regarding the property’s title. It simply transfers thgranteror's interested in the property to the grantee. It is vital to consult with a qualified real estate attorney or title professional to understand the specific type of deed required for a property transfer in Cuyahoga County, Ohio. Additionally, obtaining title insurance is highly recommended protecting against any unforeseen issues or defects in the property's title.

A Cuyahoga Ohio General Warranty Deed is a legal document used in real estate transactions to transfer ownership of a property from one party to another while providing certain warranties and assurances about the property's title. This type of deed guarantees that the seller, also known as the granter, has legal ownership of the property and has the right to sell it. In Cuyahoga County, Ohio, a General Warranty Deed offers the highest level of protection to the buyer, known as the grantee. It assures the grantee that the property is free from any encumbrances, defects, or claims made by previous owners, except those specifically mentioned in the deed. This type of deed is often used in residential and commercial real estate transactions. The Cuyahoga Ohio General Warranty Deed includes several crucial elements, including the names and addresses of the granter and grantee, a thorough legal description of the property, the consideration paid for the property, and any specific warranties or covenants made by the granter. These warranties typically include: 1. Covenant of Basin: The granter warrants that they own the property and have the legal right to sell it. 2. Covenant of Right to Convey: The granter guarantees that they have the authority to transfer the property to the grantee. 3. Covenant Against Encumbrances: The granter assures that there are no undisclosed liens, mortgages, or other encumbrances on the property. 4. Covenant of Quiet Enjoyment: The granter promises that the grantee will not face any legal claims on the property by third parties. 5. Covenant of Warranty: The granter agrees to defend the title against any claims that may arise in the future. While the Cuyahoga Ohio General Warranty Deed is the most common type used, there are other variations that may be utilized based on specific circumstances. These variations include: 1. Special Warranty Deed: This type of deed only warrants against defects or claims that occurred during the granter's ownership, not previous owners. 2. Quitclaim Deed: Unlike a General Warranty Deed, a quitclaim deed provides no warranties or guarantees regarding the property’s title. It simply transfers thgranteror's interested in the property to the grantee. It is vital to consult with a qualified real estate attorney or title professional to understand the specific type of deed required for a property transfer in Cuyahoga County, Ohio. Additionally, obtaining title insurance is highly recommended protecting against any unforeseen issues or defects in the property's title.

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Cuyahoga Ohio General Warranty Deed