Franklin Ohio Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest intended to Be Conveyed

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Franklin
• Control #: US-OG-051
• Format: Word; Rich Text

Description

This form addresses the situation where a deed has been granted, only to determine that the interest described in the deed was incorrect. Rather than executing and delivering another deed, which may give rise to the question of whether there were two deeds, this form serves to convey the corrected interest and specifies that it is in lieu of the previously delivered deed.

A Franklin Ohio Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest Intended to Be Conveyed is a legal document used in real estate transactions to clarify and correct any errors or discrepancies in the original deed, specifically regarding the amount of interest being conveyed. This type of deed is particularly useful when there is a need to correct the initial deed due to incorrect identification or inclusion of the interest to be transferred. Different types of Franklin Ohio Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest Intended to Be Conveyed may include: 1. Corrective Deed: To rectify any mistakes or errors made in the original deed, such as incorrect description of the property, misspelled names, or improper inclusion or exclusion of the interest being conveyed. 2. Amended Deed: When there is a need to modify the original deed to accurately state the intended amount of interest being transferred. This may occur when the initial deed mistakenly conveyed more or less interest than intended. 3. Supplemental Deed: Used to provide additional information or documentation that was missing or not included in the original deed. It can clarify and correct any ambiguity or uncertainty about the amount of interest being conveyed. 4. Limited Warranty Deed: This type of deed limits the warranty to only the period of time when the granter owned the property. A Franklin Ohio Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest Intended to Be Conveyed may include a limited warranty clause to ensure the accurate transfer of the intended interest. Overall, a Franklin Ohio Deed in Lieu of Prior Deed to Correctly Identify the Amount of Interest Intended to Be Conveyed is a crucial legal instrument that assists in rectifying errors or omissions in the original deed, ensuring that the proper amount of interest is accurately conveyed during real estate transactions.