This form is a Quitclaim Deed where the Grantor is a corporation and the Grantee is an Individual. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.
Columbus Ohio Quitclaim Deed from a Corporation to an Individual
Category:
State:
Ohio
City:
Columbus
Control #:
OH-039-77
Format:
Word;
Rich Text
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How to fill out Ohio Quitclaim Deed From A Corporation To An Individual?
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FAQ
To transfer title, you must deliver the executed and acknowledged deed to the grantee. This means that you must give up control over the deed during your lifetime and intend to transfer title to the grantee. To complete the transfer, the grantee must accept the delivered deed.
Rates vary by state and law office but typically fall in the range of $200 to $400 per hour. Title companies routinely prepare quitclaim deeds in many states. Fees for title companies vary, but a market scan shows an average of $100 to $200 for a simple quitclaim deed.
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.
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.
A grantee may record a quitclaim deed with the recorder's office in the county where the property is located. A county recorder's office may require the county engineer's and the county auditor's stamps to be on the deed in order to accept a deed by mail.
The Deed Transfer Department transfers the owner's name and address on the real estate tax list and duplicate. The department also collects the transfer tax/ conveyance fee ($4.00 per $1,000 of sale price) and the transfer fee ($. 50 per parcel).
Record the deed at the recorder's office in the county where the property is located for a valid transfer. Contact the same office to confirm accepted forms of payment. A Conveyance Fee Statement (Form DTE 100, or DTE 100EX if claiming an exemption) must be signed by the grantee and filed with the deed.
Transferring real property from individual to LLC in Ohio You will need to draft a new deed reflecting the transfer from the individual owner to the Limited Liability Company.You will then need to obtain a ?Statement for Reason for Exemption From Real Property Conveyance Fee? from the county auditor.
Full Transfer of LLC Ownership in Ohio In the absence of a comprehensive LLC that speaks directly to the issue, all members must agree before you can sell your LLC to a third party. Whether the buyer wants the entire business or just the assets, transferring ownership of the LLC's assets requires consent.