Special Warranty Deed Vs General Warranty Deed

• Category: North Carolina Real Estate - Deeds - Warranty
• State: North Carolina
• Control #: NC-013-78
• Format: Word; Rich Text

Description What Is A Corporation Deed

This Warranty Deed from Corporation to Corporation form is a Warranty Deed where the Grantor is a corporation and the Grantee is a corporation. Grantor conveys and warrants the described property to Grantee less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.

General Warranty Deed Form Ohio: A Comprehensive Overview A General Warranty Deed is a legally binding document used in real estate transactions in Ohio that conveys ownership of a property from a seller (granter) to a buyer (grantee). This type of deed guarantees that the granter has clear, marketable title to the property, meaning there are no undisclosed encumbrances or claims against it. In Ohio, there are different variations of the General Warranty Deed form that can be used, depending on the specific circumstances of the transaction. Some of these variations include: 1. Individual-to-Individual General Warranty Deed: This form is used when an individual is selling a property to another individual, both of whom are not involved in any professional or corporate capacity. It provides the highest level of protection to the buyer, as the granter warrants against all defects and claims arising not only during their ownership but also prior to it. 2. Corporate General Warranty Deed: When a corporation sells a property, this form is used to transfer ownership. The corporation warrants to defend the title against all claims and guarantees that it has full authority to sell the property. 3. Executor's General Warranty Deed: This variant is used when an executor or administrator of an estate is transferring property as part of the probate or estate settlement process. It ensures that the property is transferred with clean title and protects the buyer from any future claims. 4. Trustee's General Warranty Deed: When a trustee, acting on behalf of a trust, sells a property, this form is utilized. It conveys clear title to the buyer and ensures that the trustee has the requisite authority to transfer the property. 5. Sheriff's General Warranty Deed: In cases where a property is sold through a sheriff's sale, this deed form is used. It guarantees that the property is being transferred with clear title from the court. Regardless of the variant, an Ohio General Warranty Deed requires specific information to be included, such as the names and addresses of both the granter and grantee, a legal description of the property, the purchase price, and the date of transfer. Additionally, the deed needs to be signed and notarized by both parties involved. Given the importance of accurately completing a General Warranty Deed and the legal implications it holds, it is essential to seek professional advice from a real estate attorney or a title company experienced in Ohio real estate transactions. They can ensure the appropriate form is used and guide you through the process, helping to protect your interests and secure your ownership rights to the property.