Ohio General Warranty Deed from Husband and Wife to Corporation
Understanding this form
The General Warranty Deed from Husband and Wife to Corporation is a legal document used to transfer property ownership from a married couple to a corporation. This specific deed includes warranties from the grantors (the husband and wife) regarding the title of the property and excludes certain mineral rights. Unlike other types of deeds, this warranty deed provides assurances to the grantee that the property is free from encumbrances, making it a secure choice for transferring ownership.
What’s included in this form
- Parties involved: Names of the husband and wife (grantors) and the corporation (grantee).
- Property description: A detailed description of the property being transferred.
- Warranties: Grantors provide guarantees that the property is free from encumbrances, except specific mentions.
- Reservation clause: Excludes rights to oil, gas, and minerals from the transfer.
- Signatures: Requires signatures of both grantors and potentially other parties involved.
When to use this form
This form should be used when a husband and wife wish to transfer ownership of property to a corporation. Common scenarios include business partnerships, property held for investment purposes, or when a couple decides to formalize the ownership structure of a business entity. It is important to utilize this deed when full warranties of the title are needed by the corporation receiving the property.
Who can use this document
- Married couples transferring property to a corporation.
- Business owners wishing to formalize property ownership held under a corporate structure.
- Individuals seeking to ensure that the corporation has a secure legal title to the property in question.
Instructions for completing this form
- Identify the parties: Fill in the names of the husband and wife as grantors and the corporation as grantee.
- Specify the property: Clearly describe the property being transferred in the designated field.
- Include warranties: Ensure that the warranties about the property title are properly stated.
- Add a reservation clause: Note any reservations of mineral rights as applicable.
- Obtain signatures: Both grantors must sign the form, and date it appropriately.
Notarization requirements for this form
This form needs to be notarized to ensure legal validity. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available anytime.
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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.
Common mistakes
- Failing to include a complete and accurate property description.
- Not notarizing the document when required by local law.
- Omitting to reserve rights to minerals or other interests if necessary.
- Using incorrect names or titles for the parties involved in the transaction.
Benefits of using this form online
- Convenience: Easily download and complete the form from anywhere, at any time.
- Editability: Fill out the form digitally for clarity and legibility.
- Legal compliance: Forms are prepared considering current legal standards and practices.
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FAQ
A warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee). The deed protects the buyer by pledging that the seller holds clear title to the property and there are no encumbrances, outstanding liens, or mortgages against it.
If you've recently married and already own a home or other real estate, you may want to add your new spouse to the deed for your property so the two of you own it jointly. To add a spouse to a deed, all you have to do is literally fill out, sign and record a new deed in your county recorder's office.
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.
The answer is yes. Parties to a transaction are always free to prepare their own deeds. If you do so, be sure your deed measures up to your state's legal regulations, to help avert any legal challenge to the deed later.
A warranty deed is a document often used in real estate that provides the greatest amount of protection to the purchaser of a property. It pledges or warrants that the owner owns the property free and clear of any outstanding liens, mortgages, or other encumbrances against it.
General Warranty Deed (with Survivorship Rights) Couples who hold title to property as unmarried, but wish to have Survivorship Rights. Each party has a full ownership interest in the property. The property will pass instantly to the survivor upon the death of the other without probate.
A warranty deed is a type of deed where the grantor (seller) guarantees that he or she holds clear title to a piece of real estate and has a right to sell it to the grantee (buyer).A general warranty deed protects the grantee against title defects arising at any point in time, extending back to the property's origins.
