![]() Even if there have been more than four (4) conveyances out of a parcel since May 9, 1996, the Engineer may, for good cause, waive the requirement of a new boundary survey.ī) If a boundary survey is required by this section, the survey plat and description shall satisfy the minimum standards for boundary surveys promulgated by the Board of Registration for Professional Engineers and Surveyors pursuant to chapter 4733 of the Ohio Revised Code, and shall be submitted to the County Engineer for review. ![]() Good cause includes, but is not limited to, the irregular shapes of tracts conveyed out, the total number of properties conveyed out including those prior to May 9, 1996, or any other person which undermines the basic purposes of these standards. Notwithstanding paragraph (ii), the Engineer, for good cause, may require a boundary survey even if there have been fewer than four (4) conveyances out since May 6, 1996. A boundary survey shall not be required when a Grantor conveys all of his remaining land notwithstanding the fact that he has previously conveyed off one (1) or more tracts, provided that there have not been more than four (4) tracts conveyed out since (regardless of ownership). A boundary survey shall not be required for a new split of over ten (10) acres if it can be described by fractional section description. New Boundary Survey & Legal Description NeededĪ) A boundary survey shall be made whenever land to be conveyed is only a part of the Grantor’s land or the legal description of the land to be conveyed is different from the legal description of the land conveyed in the most recent conveyance of all or part of that land, however: View the New Document Standards for the Recorder's Office Jpage. Transfer fee is $0.50 per parcel or deed. The landowner is, certainly, compensated for the transfer of these rights to the exploration company.Conveyance Fee is $4 per $1,000 of the purchase price. The most popular conveyance is a contract giving mineral rights without turning over the land title, but conveyances are also utilized for establishing right of way for a company's operations on the property of a landowner. As land is a type of real estate with attached rights, exploration companies utilize the term conveyance to refer to contracts that transfer to the company rights to or ownership of specific parcels of land. Mineral Rights ConveyanceĬonveyance applies to the oil and gas industry as well. The documents provided for conveyancing usually include the mortgage documents, the title insurance binder, certificate of liens, the deed, and any side agreements associated with the sale. The process involved in a typical conveyance would include a review for liens, as well as, other encumbrances, ensuring every condition has been met, settling all charges and taxes with the right party before the transfer, confirming financing, as well as, preparing every necessary document for final settlement. Conveyance is the category and sales deed is a conveyance type which falls within this category. The conveyance in the majority of real estate transactions is also referred to as the sale deed. Real Estate ConveyanceĬonveyance as a terminology generally applies legally beyond residential real estate. The majority of buyers buy title insurance to safeguard against the likelihood of fraud during the process of title transfer. ![]() Conveyancing makes sure that the buyer is informed beforehand of any restraint on the property, like liens and mortgages, and guarantees the buyer clean title to the property. Supposing either party doesn't do so, the other party is capable of suing the defaulting party to court to either claim damages or enforce the contract. How Does a Conveyance Work?Ī conveyance refers to a contract, meaning that the buyer, as well as, the seller is legally bound to fulfill their obligations. Conveyance of ownership of real estate is also known as conveyancing, and the legal representative supervising the process is called a conveyancer. The term is often associated with real estate, where a conveyance is the written contract existing between the buyer and the seller stating the purchase price agreed on and also the actual transfer date, and also both parties obligations and responsibilities. Conveyance also means the written instrument, like a lease or deed which transfers a property's legal title from the seller to the buyer. Back To: Real Estate, Personal, & Intellectual Property What is a Conveyance?Ĭonveyance involves the transfer of ownership interest in the property from a party to another one.
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