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General Warranty Deed from Individual to Corporation - Ohio

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The document is a General Warranty Deed form for transferring property from an individual (Grantor) to a corporation (Grantee) in Ohio. It includes instructions for completing the form, a disclaimer regarding the use of the forms, and legal language affirming that the property is free from encumbrances, with certain exceptions. The document also outlines the necessary signatures and notary acknowledgment required for validation.

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What is a general warranty deed in Ohio?

A general warranty deed is the most comprehensive type of real estate deed. It guarantees that the grantor (seller) has good title to the property and that the property is free from any defects, such as liens or easements.

What type of deed is not recognized in Ohio?

Deed not recognized in Ohio: Ohio does not recognize joint tenancy with right of survivorshipa common-law form of joint ownership under which a surviving co-owner automatically receives a deceased co-owners interest.

When a corporation transfers ownership of property the deed must be signed?

0:18 2:05 It proves ownership and gets updated when property changes hands when a corporation transfersMoreIt proves ownership and gets updated when property changes hands when a corporation transfers property. They sign a deed this deed needs to be as official as a referees whistle.

Who benefits the most from a warranty deed?

In cases where theres a conflict between a will and a deed, the deed usually takes precedence, as it directly impacts the title of the property.

What are the disadvantages of a warranty deed?

Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.

How do I transfer a warranty deed?

Both the grantor and the grantee must sign it, usually in the presence of a notary. Then the deed must be filed in the county registrars office to be legally enforceable. Once filed, the legal transfer of the property is complete.

What is the purpose of a general warranty deed?

A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property theyre purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.

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