Arizona 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 warranty deed is a legal document used in Arizona to transfer ownership of real estate from one party to another. Specifically, an Arizona Warranty Deed for Surface with Limited Warranty is a type of warranty deed that guarantees the ownership of the surface rights to a property, but provides limited assurances about the property's condition and title status. This type of warranty deed is commonly used when selling or transferring the surface rights of undeveloped land, farmland, or other types of property where the condition of the land may be unknown or subject to change. By using this deed, the seller is affirming that they own the surface rights to the property and have the legal right to transfer them, but they are not providing any guarantees or warranties regarding the quality, condition, or title of the property. The limited warranty aspect of this type of deed means that the seller is only warranting against defects in the title or ownership that may have occurred during their ownership. They are not providing any warranties against defects that may have existed prior to their ownership or may arise in the future. This limits the seller's liability and provides some protection for the buyer, but also places the responsibility on the buyer to conduct their own due diligence regarding the property's condition and title history. It's important to note that there may be variations or additional types of Arizona Warranty Deeds for Surface with Limited Warranty based on specific circumstances or parties involved in the transaction. Some common variations include: 1. Arizona Warranty Deed for Surface with Limited Warranty for Agricultural Land: This type of deed focuses specifically on the surface rights associated with agricultural land, such as farms, ranches, or vineyards. 2. Arizona Warranty Deed for Surface with Limited Warranty for Unimproved Land: This deed is designed for transferring the surface rights of unimproved or undeveloped land, where there are no existing structures or improvements on the property. 3. Arizona Warranty Deed for Surface with Limited Warranty for Subdivided Land: This type of deed is used when transferring the surface rights of a subdivided piece of land, typically found in planned communities or subdivisions. In all cases, it is important for both buyers and sellers to consult with a real estate attorney or legal professional to ensure that the specific warranty deed being used accurately reflects the intentions and legal requirements of the parties involved.

A warranty deed is a legal document used in Arizona to transfer ownership of real estate from one party to another. Specifically, an Arizona Warranty Deed for Surface with Limited Warranty is a type of warranty deed that guarantees the ownership of the surface rights to a property, but provides limited assurances about the property's condition and title status. This type of warranty deed is commonly used when selling or transferring the surface rights of undeveloped land, farmland, or other types of property where the condition of the land may be unknown or subject to change. By using this deed, the seller is affirming that they own the surface rights to the property and have the legal right to transfer them, but they are not providing any guarantees or warranties regarding the quality, condition, or title of the property. The limited warranty aspect of this type of deed means that the seller is only warranting against defects in the title or ownership that may have occurred during their ownership. They are not providing any warranties against defects that may have existed prior to their ownership or may arise in the future. This limits the seller's liability and provides some protection for the buyer, but also places the responsibility on the buyer to conduct their own due diligence regarding the property's condition and title history. It's important to note that there may be variations or additional types of Arizona Warranty Deeds for Surface with Limited Warranty based on specific circumstances or parties involved in the transaction. Some common variations include: 1. Arizona Warranty Deed for Surface with Limited Warranty for Agricultural Land: This type of deed focuses specifically on the surface rights associated with agricultural land, such as farms, ranches, or vineyards. 2. Arizona Warranty Deed for Surface with Limited Warranty for Unimproved Land: This deed is designed for transferring the surface rights of unimproved or undeveloped land, where there are no existing structures or improvements on the property. 3. Arizona Warranty Deed for Surface with Limited Warranty for Subdivided Land: This type of deed is used when transferring the surface rights of a subdivided piece of land, typically found in planned communities or subdivisions. In all cases, it is important for both buyers and sellers to consult with a real estate attorney or legal professional to ensure that the specific warranty deed being used accurately reflects the intentions and legal requirements of the parties involved.