This form is a Survivorship Deed where the Grantor is an Individual and the Grantees are Two Individuals. Grantor conveys and warrants the described property to the Grantees. Grantees take the property as joint tenants with the right of survivorship. This deed complies with all state statutory laws.
Survivorship Deed Form Ohio With Signature Required
Category:
State:
Ohio
Control #:
OH-026-78
Format:
Word;
Rich Text
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How to fill out Ohio Survivorship Deed - Individual To Two Individuals?
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FAQ
(A) Except as provided in section 5302.21 of the Revised Code, if any interest in real property is conveyed or devised to two or more persons for their joint lives and then to the survivor or survivors of them, those persons hold title as survivorship tenants, and the joint interest created is a survivorship tenancy.
The affidavit shall certify that the owner of a survivorship tenancy interest in the title to a parcel or parcels of registered land has died and recite the names of the surviving tenants, the current residence address of each surviving tenant, the date of death of the decedent, a description of the land, and the ...
In a joint tenancy arrangement, each owner has a right of survivorship with each of the other owners. This means that if one owner passes away, that owner's property interest automatically passes equally to the surviving owners. When there is only one surviving owner left, they inherit full interest in the property.
Ohio law provides that a deed must show a clear intention to create a survivorship tenancy. The standard language in a survivorship deed transfers property to the owners ?for their joint lives, remainder to the survivor of them.? It is important for owners to review their deeds to see if this language is included.
Introduction. A survivorship deed is a deed conveying title to real estate into the names of two or more persons as joint tenants with rights of survivorship. Upon the death of one owner, the property passes to and vests in the name of the surviving owner or owners.