This form is a Limited Warranty Deed where the grantor is an individual and the grantee is an individual.
Toledo Ohio Limited Warranty Deed from Individual to Individual is a legal document that transfers ownership of real estate property within the Toledo, Ohio area between two individuals. It ensures that the seller has clear ownership of the property and guarantees that there are no undisclosed liens or claims against the property. In this type of limited warranty deed, the seller (granter) conveys the property to the buyer (grantee) with limited warranties. The limited warranties typically include two key guarantees: 1. The granter guarantees that they have not transferred the property to anyone else. 2. The granter assures that there are no undisclosed liens, encumbrances, or claims against the property, except those specifically mentioned in the deed. This limited warranty deed offers lesser protections compared to a general warranty deed. It does not warrant against any defects in the chain of title, such as past ownership issues that may have arisen before the granter acquired the property. There are different variations of limited warranty deeds used in Toledo, Ohio, including: 1. Limited Warranty Deed with Encumbrance: This type of limited warranty deed is used when there are specific known encumbrances or claims against the property that the granter wants to disclose. These encumbrances might include mortgages, easements, or liens that the buyer should be aware of before acquiring the property. 2. Limited Warranty Deed with Exceptions: This version of the limited warranty deed allows the granter to specify exceptions to the warranty. It outlines certain issues, such as known boundary disputes or specific claims against the property, for which the granter cannot guarantee clear ownership or freedom from encumbrances. A limited warranty deed is a crucial legal documentation for both the buyer and seller, as it provides some level of assurance and protection during the property transfer process. It is recommended to consult with a qualified real estate attorney or professional familiar with Toledo, Ohio real estate laws to ensure the appropriate type of limited warranty deed is used for a specific transaction.Toledo Ohio Limited Warranty Deed from Individual to Individual is a legal document that transfers ownership of real estate property within the Toledo, Ohio area between two individuals. It ensures that the seller has clear ownership of the property and guarantees that there are no undisclosed liens or claims against the property. In this type of limited warranty deed, the seller (granter) conveys the property to the buyer (grantee) with limited warranties. The limited warranties typically include two key guarantees: 1. The granter guarantees that they have not transferred the property to anyone else. 2. The granter assures that there are no undisclosed liens, encumbrances, or claims against the property, except those specifically mentioned in the deed. This limited warranty deed offers lesser protections compared to a general warranty deed. It does not warrant against any defects in the chain of title, such as past ownership issues that may have arisen before the granter acquired the property. There are different variations of limited warranty deeds used in Toledo, Ohio, including: 1. Limited Warranty Deed with Encumbrance: This type of limited warranty deed is used when there are specific known encumbrances or claims against the property that the granter wants to disclose. These encumbrances might include mortgages, easements, or liens that the buyer should be aware of before acquiring the property. 2. Limited Warranty Deed with Exceptions: This version of the limited warranty deed allows the granter to specify exceptions to the warranty. It outlines certain issues, such as known boundary disputes or specific claims against the property, for which the granter cannot guarantee clear ownership or freedom from encumbrances. A limited warranty deed is a crucial legal documentation for both the buyer and seller, as it provides some level of assurance and protection during the property transfer process. It is recommended to consult with a qualified real estate attorney or professional familiar with Toledo, Ohio real estate laws to ensure the appropriate type of limited warranty deed is used for a specific transaction.
