Ohio Bill of Sale and Quitclaim by Surface Owner of All Interest in Equipment Deemed Abandoned on Surface Owner's Lands - Abandonment

State:
Multi-State
Control #:
US-OG-098
Format:
Word; 
Rich Text
Instant download

Description

Sometimes a surface owner has abandoned equipment left on land, and wants to dispose of it. While title to that property is not entirely clear, this form provides some documentation of a transfer of that property.

How to fill out Bill Of Sale And Quitclaim By Surface Owner Of All Interest In Equipment Deemed Abandoned On Surface Owner's Lands - Abandonment?

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FAQ

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.

Checklist: Preparing and Recording Your Quitclaim Deed Contact the county auditor's office to find out about the county's property transfer tax and exemptions. Contact the county recorder's office to find out the volume and page numbers for the prior deed on the property. Fill in the deed form. Print it out.

In Ohio, only an attorney can draft a deed for others. All title companies must use an attorney to draft deeds. Many clients ask why they need to engage a lawyer to draft a deed if they can download a form off the Internet.

Due to this, quitclaim deeds typically are not used in situations where the property involved has an outstanding mortgage. After all, it would be difficult for many grantors to pay off a mortgage without proceeds from the sale of the property.

An attorney licensed to practice law in Ohio must prepare deeds, powers of attorney, and other instruments that are to be recorded. One exception is that a party to the transaction may prepare an instrument in which they are a party.

Checklist: Preparing and Recording Your Quitclaim Deed Contact the county auditor's office to find out about the county's property transfer tax and exemptions. Contact the county recorder's office to find out the volume and page numbers for the prior deed on the property. Fill in the deed form. Print it out.

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Ohio Bill of Sale and Quitclaim by Surface Owner of All Interest in Equipment Deemed Abandoned on Surface Owner's Lands - Abandonment