A deed is an instrument by which an owner (the grantor) transfers an interest in land to a new owner (the grantee). No consideration is required to make the deed effective. The deed is necessary to transfer title to land even if it is a gift. It has no effect, and title does not pass until the deed has been delivered. The recording of the deed is not required to make the deed effective to pass title between the buyer and the seller. However, recording is necessary so that the public will know that the buyer is the present owner. Recording constitutes "notice to the world" of the transfer in title.
The grantor is the person selling the property. The grantee is the person buying the property. A grant deed is a deed containing an implied warranty that there are no encumbrances on the property not described in the deed and that the person transferring the property actually owns the title. It must describe the property by legal description of boundaries and/or parcel numbers, be signed by all people transferring the property, and be acknowledged before a notary public. It is in contrast to a quit claim deed, which only conveys the interest that the transferor actually owns, if any, without a warranty of ownership.
A Franklin Ohio Grant Deed is a legally binding document that transfers ownership of real property from one party to another in Franklin County, Ohio. This type of deed ensures that the property's owner, also known as the granter, conveys all of their rights, title, and interest in the property to the grantee or buyer. To be considered valid, a Franklin Ohio Grant Deed must meet certain requirements, such as the names of both the granter and grantee, a complete legal description of the property being transferred, and the granter's signature. Additionally, the deed must be properly acknowledged before a notary public or another authorized officer, and it should be filed with the Franklin County Recorder's Office to provide public notice of the transaction. There are various types of grant deeds that can be used in Franklin, Ohio, depending on specific circumstances. Some common types include: 1. General Warranty Deed: This type of grant deed offers the highest level of protection to the grantee. It guarantees that the granter has the lawful right to sell the property and provides protection against any defects in title, even if they occurred before the granter acquired the property. 2. Special Warranty Deed: Similar to a general warranty deed, a special warranty deed also guarantees that the granter has the right to sell the property. However, it only protects against defects in title that occurred during the granter's ownership, rather than before. 3. Quitclaim Deed: A quitclaim deed transfers whatever interest the granter has in the property at the time of the transfer. It offers the least amount of protection to the grantee, as it makes no warranties or guarantees regarding the state of the title. 4. Bargain and Sale Deed: This type of deed doesn't provide any warranties or guarantees, but it implies that the granter has the right to sell the property. It is commonly used in foreclosure or tax sale situations. It's essential to consult with an experienced real estate attorney or professional to determine the most suitable type of deed for a particular property transaction in Franklin, Ohio. This will ensure that the transfer is legally sound and protects the interests of both the granter and grantee.A Franklin Ohio Grant Deed is a legally binding document that transfers ownership of real property from one party to another in Franklin County, Ohio. This type of deed ensures that the property's owner, also known as the granter, conveys all of their rights, title, and interest in the property to the grantee or buyer. To be considered valid, a Franklin Ohio Grant Deed must meet certain requirements, such as the names of both the granter and grantee, a complete legal description of the property being transferred, and the granter's signature. Additionally, the deed must be properly acknowledged before a notary public or another authorized officer, and it should be filed with the Franklin County Recorder's Office to provide public notice of the transaction. There are various types of grant deeds that can be used in Franklin, Ohio, depending on specific circumstances. Some common types include: 1. General Warranty Deed: This type of grant deed offers the highest level of protection to the grantee. It guarantees that the granter has the lawful right to sell the property and provides protection against any defects in title, even if they occurred before the granter acquired the property. 2. Special Warranty Deed: Similar to a general warranty deed, a special warranty deed also guarantees that the granter has the right to sell the property. However, it only protects against defects in title that occurred during the granter's ownership, rather than before. 3. Quitclaim Deed: A quitclaim deed transfers whatever interest the granter has in the property at the time of the transfer. It offers the least amount of protection to the grantee, as it makes no warranties or guarantees regarding the state of the title. 4. Bargain and Sale Deed: This type of deed doesn't provide any warranties or guarantees, but it implies that the granter has the right to sell the property. It is commonly used in foreclosure or tax sale situations. It's essential to consult with an experienced real estate attorney or professional to determine the most suitable type of deed for a particular property transaction in Franklin, Ohio. This will ensure that the transfer is legally sound and protects the interests of both the granter and grantee.
