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Deeds

Deeds

Deeds are legal documents which establish ownership of real estate. They are used to transfer legal rights from one party to another. Deeds can be made between just two people, or they can involve groups of people. Someone who transfers their ownership in real estate is known as a “grantor” and someone who receives it is called a “grantee.” Deeds are used for all kinds of properties, from residential to commercial. There are many different scenarios in which deeds can be useful and/or necessary. A few examples include purchasing a family home, acquiring land to start a business, gifting real estate to a friend, or adding someone to a Deed. Deeds can also be an important tool for estate planning for the end of life.

There are many different kinds of deeds and each has a specific purpose. The most commonly used are General Warranty Deeds, Quitclaim Deeds, and Survivorship Deeds.

General Warranty Deeds

General Warranty Deeds are typically used when someone purchases real estate. They convey ownership from one party to another and also provide a guarantee that the title is clear.

Quitclaim Deeds

Quitclaim Deeds also convey ownership, but unlike General Warranty Deeds, they do not include any guarantees about the status of the title. Quitclaim Deeds can be particularly useful when gifting a piece of real estate or adding someone else to the title of a property.

Survivorship Deeds

Survivorship Deeds are used to designate beneficiaries to determine who will inherit a home once the owner passes away.

Anytime you are dealing with ownership of real estate, there is a lot at stake. Therefore, it is crucial to hire an experienced attorney to ensure everything is handled correctly. Attorney Christopher Fogt has a comprehensive understanding of the legal intricacies of real estate transactions. Our office helps families and individuals across southwest Ohio with drafting, transferring, and recording deeds. Maybe you recently got married and you want to add a spouse to the deed of your residence. Perhaps you want to plan for the future by assigning surviving heirs to the family home. You might even have a piece of farmland that you want to give to a friend. There are many possibilities, but regardless of the circumstances, you should contact Fogt Law Office to have a professional and qualified attorney handle the process.  

Fogt Law Can Help

Wondering which type of deed is best-suited for your needs? Planning a real estate transaction? Call (937) 254-2600 or email [email protected] to speak with Attorney Christopher Fogt.

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