This form is one of the Uniform Conveyancing Blanks developed by Minnesota Uniform Conveyancing Blanks Commission pursuant to Minnesota Code Section 507.09. These forms, which pertain to the transfer of legal title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien, have been approved by the Commissioner of Commerce. The form is available here in PDF format.
A Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9 is a legal document that facilitates the transfer of ownership of real property between two business entities in the city of Saint Paul, Minnesota. This particular form, the CBC Form 10.1.9, adheres to the requirements outlined in the Uniform Conveyancing Blanks of Minnesota. It is important to note that while there may not be different types of this specific form, there might be variations or amendments based on the parties involved or specific circumstances of the transaction. Now, let's delve into the comprehensive details of the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9. A warranty deed serves as an evidence of the seller's ownership rights and guarantees that the title to the property being conveyed is clear from any liens, encumbrances, or claims. This type of deed ensures that the buyer is protected in case any future legal disputes arise. In the context of a business entity transferring property to another business entity, the warranty deed provides a level of security and confidence in the transaction. To complete the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9, specific information must be provided. This includes the legal names and addresses of the granter (business entity transferring the property) and the grantee (business entity receiving the property). Additionally, the legal description of the property, which typically includes the metes and bounds or a legal description referring to a previously recorded instrument, must be accurately stated. Moreover, the exact consideration or purchase price for the property should be disclosed in the form. This allows both parties to establish the agreed-upon value of the real estate being transferred. It is important to note that the purchase price may impact taxes or recording fees associated with the transfer. Furthermore, any necessary encumbrances, such as mortgages or liens, must be stated in the document. Any exemptions or exceptions to warranties may also be specified within the form. Typically, these exemptions indicate that the granter does not warrant against defects arising from certain conditions, such as governmental regulations, easements, or mineral rights. Once the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9 is completed, it must be signed by the granter in the presence of a notary public. This step ensures the authenticity and legality of the document. Following the execution, the deed should be recorded with the appropriate county recorder's office in Saint Paul, Minnesota. Recording the deed provides notice to the public of the transfer, allowing for an accurate chain of title and ensuring the new owner's rights are protected. In conclusion, the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9 is an essential legal instrument for business entities engaging in property transfers in Saint Paul, Minnesota. By providing a detailed description of the property, consideration, encumbrances, and any exemptions to warranties, this form ensures that all parties involved can confidently complete the transaction. Proper execution and recording of the document further protect the rights and interests of the new property owner.A Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9 is a legal document that facilitates the transfer of ownership of real property between two business entities in the city of Saint Paul, Minnesota. This particular form, the CBC Form 10.1.9, adheres to the requirements outlined in the Uniform Conveyancing Blanks of Minnesota. It is important to note that while there may not be different types of this specific form, there might be variations or amendments based on the parties involved or specific circumstances of the transaction. Now, let's delve into the comprehensive details of the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9. A warranty deed serves as an evidence of the seller's ownership rights and guarantees that the title to the property being conveyed is clear from any liens, encumbrances, or claims. This type of deed ensures that the buyer is protected in case any future legal disputes arise. In the context of a business entity transferring property to another business entity, the warranty deed provides a level of security and confidence in the transaction. To complete the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9, specific information must be provided. This includes the legal names and addresses of the granter (business entity transferring the property) and the grantee (business entity receiving the property). Additionally, the legal description of the property, which typically includes the metes and bounds or a legal description referring to a previously recorded instrument, must be accurately stated. Moreover, the exact consideration or purchase price for the property should be disclosed in the form. This allows both parties to establish the agreed-upon value of the real estate being transferred. It is important to note that the purchase price may impact taxes or recording fees associated with the transfer. Furthermore, any necessary encumbrances, such as mortgages or liens, must be stated in the document. Any exemptions or exceptions to warranties may also be specified within the form. Typically, these exemptions indicate that the granter does not warrant against defects arising from certain conditions, such as governmental regulations, easements, or mineral rights. Once the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9 is completed, it must be signed by the granter in the presence of a notary public. This step ensures the authenticity and legality of the document. Following the execution, the deed should be recorded with the appropriate county recorder's office in Saint Paul, Minnesota. Recording the deed provides notice to the public of the transfer, allowing for an accurate chain of title and ensuring the new owner's rights are protected. In conclusion, the Saint Paul Minnesota Warranty Deed — Business Entity to BusinesEntityit— - UCBC Form 10.1.9 is an essential legal instrument for business entities engaging in property transfers in Saint Paul, Minnesota. By providing a detailed description of the property, consideration, encumbrances, and any exemptions to warranties, this form ensures that all parties involved can confidently complete the transaction. Proper execution and recording of the document further protect the rights and interests of the new property owner.
