Hawaii Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-320
• Format: Word; Rich Text

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale. A Hawaii Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a surface estate in a property from the seller (granter) to the buyer (grantee) with certain specific guarantees and protections. In the state of Hawaii, there are primarily three types of warranty deeds including the General Warranty Deed, Special Warranty Deed, and Quitclaim Deed. However, when it comes to Warranty Deed for Surface with Limited Warranty, it falls under the category of Special Warranty Deed. A Hawaii Warranty Deed for Surface with Limited Warranty contains various essential elements. Firstly, it identifies the parties involved, including the granter (seller) and grantee (buyer), along with their legal names and addresses. The deed also specifies the type of property being transferred, such as land or real estate, and provides a detailed legal description of the surface area being conveyed. One of the most crucial aspects of the Warranty Deed for Surface with Limited Warranty is the limited warranty clause. This clause states that the granter guarantees that they have legal ownership of the surface estate and have the right to sell it. However, unlike a General Warranty Deed, which promises protection against all past defects, a Limited Warranty Deed only covers defects or claims arising during the granter's ownership tenure. It ensures that the granter will defend against claims made by anyone who can establish better title over the surface estate, which includes encumbrances, liens, or judgments arising from the granter's actions. Additionally, the deed specifies the consideration for the property, typically in the form of monetary payment or valuable consideration given to the granter. It also includes the granter's affirmation that there are no undisclosed restrictions, encumbrances, or adverse claims to the property. To make the deed legally binding, it must be acknowledged before a notary public and recorded in the appropriate county registry office in Hawaii where the property is located. In summary, a Hawaii Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership of a property's surface estate. It offers a limited guarantee of title by the granter, protecting the grantee against defects and claims arising during the granter's ownership. However, it is essential to consult with a real estate attorney or professional to ensure the accuracy and validity of the deed before entering into any real estate transactions.

A Hawaii Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a surface estate in a property from the seller (granter) to the buyer (grantee) with certain specific guarantees and protections. In the state of Hawaii, there are primarily three types of warranty deeds including the General Warranty Deed, Special Warranty Deed, and Quitclaim Deed. However, when it comes to Warranty Deed for Surface with Limited Warranty, it falls under the category of Special Warranty Deed. A Hawaii Warranty Deed for Surface with Limited Warranty contains various essential elements. Firstly, it identifies the parties involved, including the granter (seller) and grantee (buyer), along with their legal names and addresses. The deed also specifies the type of property being transferred, such as land or real estate, and provides a detailed legal description of the surface area being conveyed. One of the most crucial aspects of the Warranty Deed for Surface with Limited Warranty is the limited warranty clause. This clause states that the granter guarantees that they have legal ownership of the surface estate and have the right to sell it. However, unlike a General Warranty Deed, which promises protection against all past defects, a Limited Warranty Deed only covers defects or claims arising during the granter's ownership tenure. It ensures that the granter will defend against claims made by anyone who can establish better title over the surface estate, which includes encumbrances, liens, or judgments arising from the granter's actions. Additionally, the deed specifies the consideration for the property, typically in the form of monetary payment or valuable consideration given to the granter. It also includes the granter's affirmation that there are no undisclosed restrictions, encumbrances, or adverse claims to the property. To make the deed legally binding, it must be acknowledged before a notary public and recorded in the appropriate county registry office in Hawaii where the property is located. In summary, a Hawaii Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership of a property's surface estate. It offers a limited guarantee of title by the granter, protecting the grantee against defects and claims arising during the granter's ownership. However, it is essential to consult with a real estate attorney or professional to ensure the accuracy and validity of the deed before entering into any real estate transactions.