Description: Ohio Quitclaim and Bill of Sale of Pipeline is a legal document that facilitates the transfer of ownership rights of a pipeline located in the state of Ohio. This document is used when the current owner or granter wishes to convey their interest in the pipeline to a new owner or grantee. The quitclaim and bill of sale hold significant importance for both parties involved in the transaction, ensuring a smooth and legally binding transfer. The Ohio Quitclaim and Bill of Sale of Pipeline document contains several key elements to provide a comprehensive and accurate record of the transfer. These elements include a detailed description of the pipeline being transferred, the names and addresses of both the granter and the grantee, the purchase price or consideration exchanged, and the signatures of all parties involved. There are different types of Ohio Quitclaim and Bill of Sale of Pipeline based on the specific requirements of the transaction. Some common types include: 1. Standard Ohio Quitclaim and Bill of Sale of Pipeline: This is the most frequently used form of the document, covering the sale and transfer of the pipeline from the current owner to the new owner. It ensures the conveyance of ownership rights, including any easements, encumbrances, or existing agreements related to the pipeline. 2. Partial Release Ohio Quitclaim and Bill of Sale of Pipeline: This type of document is utilized when the granter only wishes to transfer a partial interest in the pipeline to the grantee. It specifies the portion of ownership being conveyed, allowing the granter to retain the remaining interest. 3. Assignor's Ohio Quitclaim and Bill of Sale of Pipeline: This variant is employed when the granter is not the original owner of the pipeline but is transferring their rights acquired from a previous owner. It provides a chain of title, ensuring the legality and clarity of the transfer. The Ohio Quitclaim and Bill of Sale of Pipeline serves as a legally binding contract, safeguarding the interests and rights of both parties involved. It is essential to consult with a knowledgeable attorney and conduct a thorough review of the document before executing the transfer to ensure compliance with Ohio laws and regulations.
Ohio Quitclaim and Bill of Sale of Pipeline
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FAQ
A deed transferring Ohio real estate is filed in the county recorder's office of the county where the property is situated. The county recorder's office records the deed in the county's ?official records? and indexes the deed by party names, date, and property description.
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.
A quitclaim deed is a legal instrument which is used to transfer interest in real property. The entity transferring its interest is called the grantor, and when the quitclaim deed is properly completed and executed, it transfers any interest the grantor has in the property to a recipient, called the grantee.
If a property was transferred by a quitclaim deed before the grantor's death, it won't be part of the grantor's estate, and therefore won't go through probate.
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.
A quitclaim allows a person to transfer property to another person with a simple deed. The basic idea is that all the rights and claims of being a property owner are relinquished and legally turned over to someone else.
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.
