Updated on September 1st, 2022
An Ohio limited warranty deed is a form whereby real estate ownership is conveyed to a buyer (“grantee”) with a guarantee that no title encumbrances were made by the seller (“grantor”). Also known as a “special warranty deed,” this document does not warrant against title issues caused by previous grantors in the chain of title. For instance, if an old owner failed to pay their property tax, the seller wouldn’t be responsible since the issue occurred before they acquired the property. The protection afforded to buyers in this deed, while limited, is still more desirable than a quit claim deed, which conveys ownership with no warranties whatsoever.
- Statutes: §§ 5302.07 & 5302.08
- Formatting: §§ 317.112, 317.113, 317.114
- Signing Requirements (§ 5301.01(A)): Notary Public (or other authorized official)
- Where to Record (§ 5301.25(A)): County Recorder
- Recording Fees (§ 317.32(A)(1)): $34 for the first two (2) pages; $8 for each additional page
- Residential Property Disclosure Statement (§ 5302.30): This disclosure must be provided to the grantee to reveal material defects known by the grantor (only required if selling residential real estate).