Ohio General Warranty Deed from two Individuals to LLC
What is this form?
The General Warranty Deed from two Individuals to LLC is a legal document used to transfer real estate ownership from two individuals (Grantors) to a limited liability company (Grantee) while ensuring the title is free of claims. This form differs from other types of deeds, such as quitclaim deeds, by providing a warranty of the title, meaning the Grantors guarantee they hold clear title and will defend against any claims.
Form components explained
- Identification of Grantors: Includes the names and addresses of the individuals transferring the property.
- Identification of Grantee: Specifies the name and address of the LLC receiving the property.
- Property Description: Provides a detailed description of the property being transferred.
- Reservation Clause: States that any oil, gas, and minerals under the property are reserved by the Grantors.
- Signatures: Requires the signatures of the Grantors to validate the deed.
When to use this form
This form is typically used when two individuals wish to transfer ownership of real property to their limited liability company. This scenario often occurs in business contexts, such as when individuals start a business that requires holding property under an LLC for legal or financial protection.
Who can use this document
- Individuals who own property and want to transfer it to an LLC.
- Business owners looking to formalize property ownership under their business structure.
- Those needing to ensure the title to their property is protected against future claims.
How to prepare this document
- Identify the parties: Enter the full names and addresses of the individuals (Grantors) and LLC (Grantee).
- Specify the property: Clearly describe the property being transferred, including parcel number and address.
- Include reservation details: State any reservations regarding oil, gas, and minerals, if applicable.
- Sign the document: Both Grantors must sign the deed in the presence of a notary or witness, if required.
- File the deed: Submit the completed deed to the appropriate county recorder's office for public recordation.
Is notarization required?
To make this form legally binding, it must be notarized. Our online notarization service, powered by Notarize, lets you verify and sign documents remotely through an encrypted video session.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to correctly identify the LLC or the individuals involved.
- Not providing a detailed property description, leading to ambiguity.
- Omitting required signatures or not notarizing the document when necessary.
Benefits of using this form online
- Convenience: Download and complete the form from the comfort of your home or office.
- Editability: Easily fill in form fields on your computer and save your progress.
- Legal accuracy: These forms are prepared by licensed attorneys to ensure compliance with state laws.
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FAQ
The name and address of the seller (called the grantor)The name and address of the buyer (called the grantee)A legal description of the property (found on the previous deed)A statement that the grantor is transferring the property to the grantee.How to Use a General Warranty Deed .com\nwww..com > articles > how-to-use-a-general-warranty-deed
1Go to the Deed Transfer Department to obtain a transfer form for a quit claim deed or warranty deed.2Take the form, along with the person to whom the the property is being transferred, to a notary public.3Take the form back to the Deed Transfer Department and turn it in to the County Auditor.
