Get the free Limited Warranty Deed

This document grants limited warranty covenants from the City of Cincinnati to the State of Ohio for the conveyance of real property for transportation purposes. It details the terms, including repurchase

How to fill out limited warranty deed

How to fill out limited warranty deed

1. Obtain the limited warranty deed form from a reliable source or legal professional.
2. Fill in the names of the parties involved (grantor and grantee) accurately.
3. Provide a comprehensive legal description of the property being transferred.
4. Include the date of the transaction.
5. Specify any consideration (purchase price) for the property.
6. Have the grantor sign the deed in the presence of a notary public.
7. Ensure that the notary public signs and stamps the deed.
8. File the completed deed with the appropriate local government office, usually the county recorder or clerk.

Who needs limited warranty deed?

1. Individuals or entities transferring property ownership with limited liability regarding title issues.
2. Buyers who want to protect themselves from future claims related to the property's history prior to the transfer.
3. Sellers who wish to limit their liability for issues that may arise with the property's title.

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What is limited warranty deed?

A limited warranty deed is a legal document that conveys property from one party to another while only providing a limited guarantee of the title. The grantor (seller) ensure that the property was not encumbered during their ownership and will defend the title against claims made during that time, but they do not guarantee against defects that existed prior to their ownership.

Who is required to file limited warranty deed?

Typically, the grantor, or the seller of the property, is responsible for filing the limited warranty deed. However, it may also involve the buyer or other parties if they are involved in the transaction.

How to fill out limited warranty deed?

To fill out a limited warranty deed, one needs to enter the names of the grantor and grantee, provide a legal description of the property, state the consideration (purchase price), and ensure the document is signed by the grantor. It may also need to be notarized and filed with the local county clerk or recorder's office.

What is the purpose of limited warranty deed?

The purpose of a limited warranty deed is to provide a way for property sellers to transfer ownership while limiting their liability regarding the title's history. It offers buyers some protection and assurance that no issues arose during the current owner's tenure.

What information must be reported on limited warranty deed?

A limited warranty deed must include the names of the parties involved, a legal description of the property, the consideration amount, the signatures of the grantor, the date of execution, and often a notarization. Additional details may be required depending on local laws.