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Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee.
In Ohio, notarization is required, but witnesses are not. Recording Requirements § 5301.25: Quitclaim deeds must be recorded with the County Recorder where the property is situated. A recording fee, including a state fund portion, is required.
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.
Deeds are categorised as either official or private in general. Official deeds are carried out as a result of legal or court proceedings. Individuals and businesses, on the other hand, use private deeds for the majority of property transactions. The grantee is best protected by the general warranty deed.
Quitclaim Deed This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made.
In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.
Quitclaim Deed There are no covenants or warranties by the grantor and this deed offers the lowest amount of protection to the grantee. This type of deed is also frequently used in transfers between family members and related transactions.