A Columbus Ohio Warranty Deed from Limited Partnership or LLC is a legal document that is used in real estate transactions to transfer ownership of a property from a limited partnership or limited liability company (LLC) to another party. The limited partnership or LLC can act as either the granter or the grantee in this transaction. As the granter, the limited partnership or LLC is the entity that currently holds the title to the property and wishes to transfer ownership to another party. The granter is responsible for providing a warranty deed, which guarantees that they have clear and marketable title to the property and that they have the right to sell it. On the other hand, the limited partnership or LLC can also be the grantee in a Columbus Ohio Warranty Deed transaction. In this case, they are the entity that is acquiring the property from another party, and the current owner (granter) is transferring the title to them. There are various types of Columbus Ohio Warranty Deeds that can be utilized in these transactions. Some common types include: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee, as it guarantees that the granter has clear title to the property and will defend against any claims that may arise in the future. 2. Special Warranty Deed: Unlike a general warranty deed, this type of deed only warrants against any encumbrances or claims that may have occurred during the limited partnership or LLC's ownership of the property. It does not cover any claims or defects that existed before their ownership. 3. Quitclaim Deed: This type of deed offers the least amount of protection to the grantee, as it simply transfers any interest or rights that the granter may have in the property, without making any guarantees about the title or any potential claims. In Columbus, Ohio, a warranty deed must meet certain legal requirements to be valid, such as being in writing, signed by the granter, and acknowledged by a notary public. It is also important to note that these deeds need to be filed with the county recorder's office to officially transfer the ownership of the property. Overall, a Columbus Ohio Warranty Deed from Limited Partnership or LLC is a crucial legal document that facilitates the transfer of property ownership and offers various levels of protection to both the granter and grantee.
Columbus Ohio Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee
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