Lorain County Quitclaim Deed (Partnership or Limited Partnership Grantor) Form

An Ohio partnership holds its real property in its own name, and one partner's signature in that name is what moves it. This quitclaim deed form is arranged around that execution: a partnership, limited partnership, or limited liability partnership stands as Grantor under Ohio Revised Code Section 5302.11, one partner signs in the firm's name, and a numbered section records the authority behind the signature.

Title that stands in the firm's name

Chapter 1776 of the Revised Code settles whose property it is. Section 1776.21 makes a partnership an entity distinct from its partners, and Section 1776.23(A) puts property acquired by a partnership in the partnership rather than in the partners individually. Section 1776.32(A)(1) supplies the mechanics: partnership property held in the name of the partnership may be transferred by an instrument of transfer a partner executes in the partnership name. An older deed naming individual partners without the firm points instead to Section 1776.32(A)(2) and to those holders, a record other than this one.

The authority the record can carry

Section 1776.31(A) makes each partner an agent of the partnership, binding the firm on an act apparently carrying on its business in the ordinary course. A land sale often is not, and Section 1776.41(J) allows such an act only with the consent of all of the partners. Ohio adds a route reaching the county recorder: under Section 1776.33 a partnership may file a statement of partnership authority naming the partners authorized to execute an instrument transferring real property, and a certified copy recorded with the recorder is conclusive as to real property in that county in favor of a person giving value without knowledge to the contrary, while a recorded limitation is deemed known. Section 1776.33(G) cancels a filed statement five years on, so an old one may be spent. Section 8 takes the authority relied on and the reference of any statement of record.

A general partner on a limited partnership's deed

A limited partnership is formed by filing a certificate of limited partnership with the Secretary of State under Section 1782.08, and Section 1782.02(A) has its name include Limited Partnership, L.P., Limited, or Ltd. Section 1782.24(A) gives a general partner all the rights and powers of a partner in a partnership without limited partners, carrying the Chapter 1776 rules onto the deed, while Section 1782.19 keeps limited partners off the signature page. Dower drops out too, Section 2103.02 reaching property of which a married individual was seized, so no marital status entry and no release of dower print here.

Covenants the statute leaves out

Section 5302.11 gives its form fee simple effect while withholding every covenant on the grantor's part, and under Section 5302.03 granting words add none, so the grantee inherits the firm's position in the record, mortgage and easement along with it. Searches for a quit claim deed, the hyphenated quit-claim spelling, or a partnership property transfer arrive here.

One partnership, one signing partner

Section 1 states the firm's name as record title reads it, its type, its state of existence, and its address; Section 11 states the signing partner's capacity above a single signature block; Section 10 recites that the partner signs in the partnership name and in that capacity, not individually. One acknowledgment certificate follows, matching the one signature. A farm partnership moving acreage into a successor entity during a reorganization, a limited partnership passing its last parcel out while winding up, and a partnership clearing an index entry still reading in its name after an earlier sale, present the partnership grantor record this deed recites. Exactly one signing partner appears; where partnership records call for two, the execution runs wider than the block drawn here.

What the transfer counter reads

Ohio hands a deed to the county auditor first. Form DTE 100, or the exemption statement DTE 100EX, travels with it under Section 319.202, and the auditor endorses the transfer that Section 317.22 makes a condition of recording. Recorder charges under Sections 317.32 and 317.36 begin at thirty-four dollars for two pages, thirty-nine with a county preservation surcharge.

Three files arrive with the purchase: this Ohio quitclaim deed for a partnership or limited partnership grantor as a fillable PDF, a completed example built on a Butler County conveyance by an Ohio general partnership, and a plain language guide to the numbered sections, the Chapter 1776 and 1782 authority rules, the ownership forms an Ohio grantee may take, and the county steps. It describes Ohio law generally and is not legal advice.