Fill and Sign the Warranty Deed for Husband and Wife Converting Property from Tenants in Common to Joint Tenancy Ohio Form

© 2016 - U.S. Legal Forms, Inc.       OHIO WARRANTY DEED [Tenants in Common to Joint Tenants] Control Number: OH-SDEED-1 I. TIPS ON COMPLETING THE FORMS The form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand. It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner. II. DESIGNATING HOW THE GRANTEES WILL HOLD THE PROPERTY: A. In the State of Ohio real property can be held by more than one person (concurrent estates) in the following ways: 1. If the Grantees ARE NOT married to each other, they can hold the property as: a. Tenants in Common: a type of concurrent estate in which each party owns an undivided interest in the property that will pass to their heirs when the tenant in common dies. Generally their shares are “equal” but may differ in size. b. Joint Tenants with the Right of Survivorship (JTWROS): is a type of concurrent estate in which co-owners have a right of survivorship , meaning that if one owner dies, that owner's interest in the property will pass to the surviving owner or owners by operation of law, and avoiding probate. 2. If the Grantees ARE married to each other, they can hold the property as: a. Tenants in Common – See above b. Joint Tenants with the Right of Survivorship – See above 3. In the past, Ohio accepted ownership of real property by husband and wife in the form known as “tenants by the entirety.” This was a type of joint ownership of real property by husband and wife where they each owned the entire property. (Tenants in common and joint tenants own an undivided fractional interest of the property.) In Ohio, tenants by the entirety were established by statute from 1972 to 1984. Although estates of tenancy by the entireties can no longer be created in Ohio, those interests established when the statute was in effect are still valid. 4. In the attached deed, the preparer will need to indicate how the Grantees will hold the property: as Tenants in Common or Joint Tenants with Right of Survivorship. B. For example: “. . . as tenants in common , . .” OR “. . .as joint tenants with the right of survivorship and not as tenants in common , . .“ III. 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HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.       WARRANTY DEED (From Tenants in Common to Joint Tenants) KNOW ALL MEN BY THESE PRESENTS THAT: FOR VALUABLE CONSIDERATION OF TEN DOLLARS ($10.00), and other good and valuable consideration, cash in hand paid, the receipt and sufficiency of which is hereby acknowledged, ________________________ and ________________________ , Husband and Wife, hereinafter referred to as “Grantors”, do hereby grant with general warranty covenants unto ________________________ and ________________________ , Husband and Wife, as Joint Tenants with the right of survivorship and not as tenants in common, hereinafter “Grantees”, the following lands and property, together with all improvements located thereon, lying in the County of __________________ , State of Ohio, to-wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description:       Auditor’s Parcel No. ______________________ Prior instrument reference: Book ______ , Page ______ , Document No. ______ , of the Recorder of ______________________ County, Ohio. Warranty Deed Page 1 of 3 SUBJECT to all easements, rights-of-way, protective covenants and mineral reservations of record, if any. The property herein conveyed is not a part of the homestead of Grantor(s), or is part of the homestead of Grantor(s) and the conveyance is joined by both Husband and Wife. WITNESS Grantors hand(s) this the ______ day of __________________ , 20 ______ . Signed and Acknowledged in the Presence of: Witness Signature Signature of Grantor Printed Name Printed Name Witness Signature Post Office Address Printed Name Witness Signature Signature of Grantor Printed Name Printed Name Witness Signature Post Office Address Printed Name STATE OF OHIO, COUNTY OF __________________ The foregoing instrument was acknowledged before me this ____________ (date) by ____________________________________ (name of person acknowledged.) Notary Public My commission expires: Type or Print Name Warranty Deed Page 2 of 3 STATE OF OHIO, COUNTY OF __________________ The foregoing instrument was acknowledged before me this ____________ (date) by ____________________________________ (name of person acknowledged.) Notary Public My commission expires: Type or Print Name Grantor(s) Name, Address and Phone: Grantee(s) Name, Address and Phone:                                                 Prepared by and return to: Send Tax Statements to:                                                 Warranty Deed Page 3 of 3 EXHIBIT A       Warranty Deed Exhibit A