It is possible to make a real estate transaction in Ohio, even if the seller has no proof that they own the property. The quitclaim deed Ohio is the document to use when the title of the property is missing or has a defect.
The only thing this deed does is mention the transfer of the ownership with the buyer’s acknowledgment that they receive no warranty. Because of the risk involved with such documents, quit claim deeds Ohio forms are only used for transactions between people who fully trust each other, like family members.
What Is an Ohio Quit Claim Deed?
Quitclaim deeds Ohio forms are legal documents that are written as a testimony to the transfer of ownership from the seller to the buyer when the seller cannot produce a title or any proof of proprietorship. What they are transferring is the seller’s interest in the property, based only on trust.
The two parties involved are named the grantor (the seller) and the grantee (the buyer), and they are usually family members or very close friends. However, it is possible, as well as highly recommended, for the grantee to do a title search before going through with the purchase.
When to Use the Quit Claim Deed in Ohio?
The instances when people use an Ohio quit claim deed form are the same as in other states. Complete strangers have no reason to choose such an arrangement because it offers no warranty that their ownership won’t be contested or attacked in the future.
But there is a reason this form was created in the first place. It helps people in a close relationship, where trust isn’t an issue, to transfer the ownership of a property at a lower cost. These are the main situations when an Ohio quit claim deed can be beneficial:
- When a parent wants to transfer the ownership of a real estate property to their children, or a sibling wants to sell to another
- When someone gets married and wants to add the spouse as co-owner
- When a couple gets divorced, and one of them needs to be removed from the title
- When someone wants to leave the property to a family member after their death but wants to avoid the costs of a will
- When someone wants to buy a property from someone really close, that they fully trust, and they know the history of the property they wish to purchase
What Is Included in an Ohio Quit Claim Deed Form?
Even if it doesn’t bring any warranties to the grantee, the quitclaim deed Ohio form is still a legal document and needs to be issued correctly, especially since it also needs to be notarized and registered.
There are some pieces of information Ohio quitclaim deed must include:
- The name and address of the preparer; that means the person who issues and submits Ohio quit claim deed form
- The name and address of the mail recipient, meaning the person to whom the County Clerk will send the registered document; make sure to use the phrase ‘after recording return to’
- The name of the Ohio County the property is located in
- The price the two parties have agreed upon
- The identifying information of both the grantor and the grantee: full name and address of residence
- The names and signatures of all parties involved
- The notary public will check the document and fill the last section, adding their state seal
Once it is signed and notarized, Ohio quit claim deed must be taken to the Ohio County Recorder in the county where the purchased property is located. When filing the document, you must also pay the registration fees and check if they require any additional documents.
After the recording process is over, the County Clerk will mail the deed to the recipient mentioned on the form, so their name and address must be written correctly.
Ohio has the same requirements as most other states when it comes to registering a quitclaim deed form. And there are many being registered each year for real estate transactions without any warranty concerning the title. For all the instances when people want to sell a property to a family member or close friend, the quitclaim deed Ohio form is a good option.
To make sure the quitclaim deed form is efficient, you should write it using a good template. CocoSign has created excellent templates, for quit claim deeds Ohio and any other document people frequently use.