A Cuyahoga Ohio Warranty Deed, when involving a Limited Partnership or LLC as the Granter or Grantee, refers to a legal document that transfers ownership rights of a property located within the Cuyahoga County, Ohio jurisdiction. This type of deed provides a guarantee from the Granter party that they hold a clear and marketable title to the property being conveyed, and that they have the legal authority to transfer ownership. In Cuyahoga County, Ohio, there are different variations of Warranty Deeds applicable to Limited Partnerships or LCS depending on the specific circumstances. Some common types include: 1. Limited Partnership as the Granter: In this scenario, a Limited Partnership, which consists of at least one general partner and one or more limited partners, is transferring the property title to another party. The Limited Partnership acts as the Granter, conveying its ownership rights to the Grantee. 2. Limited Partnership as the Grantee: In this case, a Limited Partnership entity is the recipient of the property rights. The Granter, who can be an individual or another business entity, transfers the ownership of the property to the Limited Partnership. 3. LLC as the Granter: If an LLC (Limited Liability Company) is the Granter, it means that the LLC entity is relinquishing its rights and transferring the property's ownership to another party. The LLC, being a separate legal entity, is responsible for ensuring a clear title before granting it to the Grantee. 4. LLC as the Grantee: When an LLC entity is the Grantee, it implies that the LLC is the designated recipient of the property rights. The Granter, who can be an individual or another business entity, transfers the ownership of the property to the LLC. In all cases, the Cuyahoga Ohio Warranty Deed from Limited Partnership or LLC guarantees that the Granter, whether it be a Limited Partnership or LLC entity, holds the rightful ownership and authority to convey the property. This document ensures that the Grantee receives a clear and marketable title, free from any undisclosed claims or encumbrances. It is crucial to consult with a qualified attorney or legal professional when dealing with Cuyahoga Ohio Warranty Deeds involving Limited Partnerships or LCS as Granters or Grantees. This ensures that all legal requirements and obligations are properly addressed, protecting the interests of all parties involved.
Cuyahoga Ohio Warranty Deed from Limited Partnership or LLC is the Grantor, or Grantee
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