Ohio General Warranty Deed from Individual to Corporation
What this document covers
The General Warranty Deed from Individual to Corporation is a legal document used to transfer property ownership from an individual (the grantor) to a corporation (the grantee). This form ensures that the grantor guarantees clear title to the property, free from encumbrances, except for specific reservations like oil, gas, and minerals. Unlike other deeds, this warranty deed provides additional assurances regarding the property's condition and legal status, making it a reliable choice for individuals transferring property to a corporate entity.
Form components explained
- Identification of the grantor and grantee with full legal names.
- Description of the property being conveyed, including any reservations.
- Covenants made by the grantor regarding the property title and encumbrances.
- Signatures of the parties involved acknowledging the transfer.
- Potential requirements for notarization and witness signatures.
Common use cases
This warranty deed is typically used when an individual seeks to transfer real estate to a corporation, particularly for business purposes. It may be needed in scenarios such as selling commercial property, creating a corporate real estate asset, or managing estate planning where business interests are involved.
Who should use this form
- Individuals wanting to transfer their property to a corporation.
- Business owners looking to formalize property ownership under the corporation's name.
- Legal representatives handling property transfers on behalf of individuals.
Steps to complete this form
- Identify the parties: Fill in the full names and addresses of both the grantor and the corporation.
- Specify the property: Include a clear legal description of the property being transferred.
- Detail any reservations: Indicate any oil, gas, or mineral rights that are reserved by the grantor.
- Enter dates: Fill in the date of the transfer and any relevant deadlines.
- Sign the document: Both the grantor and an authorized representative from the corporation should sign the form.
Is notarization required?
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to include the correct legal description of the property.
- Not properly identifying all parties involved in the transfer.
- Omitting required signatures or dates.
- Overlooking the inclusion of retained rights such as mineral rights.
Why complete this form online
- Convenience of downloading and filling out the form at any time.
- Editability that allows for easy corrections and updates before finalizing.
- Reliability from forms prepared by licensed attorneys ensuring legal compliance.
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FAQ
Go to the Deed Transfer Department to obtain a transfer form for a quit claim deed or warranty deed. Take the form, along with the person to whom the the property is being transferred, to a notary public. Take the form back to the Deed Transfer Department and turn it in to the County Auditor.
The Deed Transfer Department transfers the owner's name and address on the real estate tax list and duplicate. The department also collects the transfer tax/ conveyance fee ($4.00 per $1,000 of sale price) and the transfer fee ($. 50 per parcel).
The original deed is returned to the owner of the property from the office of the recorder after proper entry. The office of the Recorder of Deeds maintains a set of indexes about each deed recorded, for an easy search. Almost all states have a grantor-grantee index including a reference to all documents recorded.
Typically, the lender will provide you with a copy of the deed of trust after the closing. The original warranty deeds are often mailed to the grantee after they are recorded. These are your original copies and should be kept in a safe place, such as a fireproof lockbox or a safe deposit box at a financial institution.
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
It's important to note that a warranty deed does not actually prove the grantor has ownership (a title search is the best way to prove that), but it is a promise by the grantor that they are transferring ownership and if it turns out they don't actually own the property, the grantor will be responsible for compensating
A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer).A general warranty deed protects the grantee against title defects arising at any point in time, extending back to the property's origins.
The mortgage company usually prepares this deed as part of the loan package and delivers it to the title company for you to sign at closing. The title company is commonly the trustee to the deed and holds legal title to the property until the loan gets fully repaid.
After your Warranty Deed has been recorded at the County Clerk's Office, it can be sent to the grantee. However, any person or corporation can be designated as the recipient of the recorded Warranty Deed.
