Arkansas 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. Title: Understanding the Arkansas Warranty Deed for Surface with Limited Warranty Keywords: Arkansas, Warranty Deed, Surface, Limited Warranty, real estate, property, Description: The Arkansas Warranty Deed for Surface with Limited Warranty is a legal document designed to transfer ownership rights of a property's surface from one party, known as the granter, to another party, known as the grantee. This deed provides a level of protection for the grantee by ensuring that the granter has the legal right to transfer the surface rights and guarantees a limited warranty against any potential claims or defects that might arise. Arkansas offers different types of Warranty Deeds for Surface with Limited Warranty, including: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee. It assures the grantee that the granter has clear surface ownership rights and assumes responsibility for any potential claims or defects, even if they occurred prior to the granter's ownership. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed offers a slightly lesser degree of protection. The granter guarantees that they have not caused any defects or claims during their ownership, but they do not warrant against any issues that may have arisen before their ownership. This type of deed is commonly used in commercial real estate transactions. 3. Bargain and Sale Deed: This form of warranty deed implies some level of warranty, but it does not provide specific guarantees. The granter transfers the surface rights to the grantee, but without warranties against any claims or defects. The Arkansas Warranty Deed for Surface with Limited Warranty is an essential document in any property transaction, ensuring transparency and clarity between the parties involved. It is always advisable to consult with a real estate attorney or professional to understand the specific requirements and implications of each type of warranty deed before proceeding with any real estate transactions.

Title: Understanding the Arkansas Warranty Deed for Surface with Limited Warranty Keywords: Arkansas, Warranty Deed, Surface, Limited Warranty, real estate, property, Description: The Arkansas Warranty Deed for Surface with Limited Warranty is a legal document designed to transfer ownership rights of a property's surface from one party, known as the granter, to another party, known as the grantee. This deed provides a level of protection for the grantee by ensuring that the granter has the legal right to transfer the surface rights and guarantees a limited warranty against any potential claims or defects that might arise. Arkansas offers different types of Warranty Deeds for Surface with Limited Warranty, including: 1. General Warranty Deed: This type of warranty deed provides the highest level of protection to the grantee. It assures the grantee that the granter has clear surface ownership rights and assumes responsibility for any potential claims or defects, even if they occurred prior to the granter's ownership. 2. Special Warranty Deed: Unlike the general warranty deed, the special warranty deed offers a slightly lesser degree of protection. The granter guarantees that they have not caused any defects or claims during their ownership, but they do not warrant against any issues that may have arisen before their ownership. This type of deed is commonly used in commercial real estate transactions. 3. Bargain and Sale Deed: This form of warranty deed implies some level of warranty, but it does not provide specific guarantees. The granter transfers the surface rights to the grantee, but without warranties against any claims or defects. The Arkansas Warranty Deed for Surface with Limited Warranty is an essential document in any property transaction, ensuring transparency and clarity between the parties involved. It is always advisable to consult with a real estate attorney or professional to understand the specific requirements and implications of each type of warranty deed before proceeding with any real estate transactions.