An Ohio Quit Claim Deed is a legal document used to transfer ownership of real estate in the state of Ohio. The granter (seller) of the deed relinquishes all of their rights in the property, known as a quit claim. The grantee (buyer) receives all the rights and title to the property, although the deed does not guarantee the title is free from all claims and defects. There are three different types of Ohio Quit Claim Deeds: General Warranty Deed, Special Warranty Deed, and Quit Claim Deed. The General Warranty Deed provides the highest level of protection for the grantee, as it guarantees the granter has a clear title to the property and good faith that there are no claims against it. The Special Warranty Deed guarantees the title to the property is free from claims and defects from the time the granter obtained the title. The Quit Claim Deed provides the least amount of protection for the grantee, as it only guarantees the granter owns the title to the property, but does not guarantee that the title is free from claims and defects.
Ohio Quit Claim Deed
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How to fill out Ohio Quit Claim Deed?
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FAQ
Attorney Involvement An attorney licensed to practice law in Ohio must prepare deeds, powers of attorney, and other instruments that are to be recorded.
In Ohio, a survivorship deed creates a ?joint tenancy? between two or more owners. It ensures that the interest rights of a property will be passed to the surviving owner(s) in the event of the other tenant's death automatically.
Property owned in joint tenancy automatically passes to the surviving owners when one owner dies. No probate is necessary.
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.
An Ohio quitclaim deed is a statutorily authorized deed form that transfers real estate without warranty of title. Warranty of title is a guaranty from the current owner (the grantor) to the new owner (the grantee) that the deed conveys clear title to the real estate. A quitclaim deed comes with no such guaranty.
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). This is in contrast to a quitclaim deed, where the seller does not guarantee that he or she holds perfect title to a piece of real estate.
Yes. As of February 1, 2002, Ohio law no longer requires two witnesses to the signing of the seller's quitclaim deed or to other transfers of title to real property such as a mortgage or land contract. You can create a valid deed as long as an authorized public notary notarizes it.
(B) If two or more persons hold an interest in the title to real property as survivorship tenants, each survivorship tenant holds an equal share of the title during their joint lives unless otherwise provided in the instrument creating the survivorship tenancy.