Iowa Warranty Deed for Surface and Mineral Interests with Multiple Granters acts as a legal document that transfers ownership of both surface and mineral interests from multiple individuals, known as granters, to another party, known as the grantee. This deed provides a guarantee, or warranty, that the title is free from any undisclosed encumbrances and the granter has the right to convey the property. In Iowa, there are two main types of Warranty Deeds for Surface and Mineral Interests with Multiple Granters: 1. General Warranty Deed: This type of deed provides the broadest level of protection to the grantee as it contains warranties against any defects in title, whether they arise from actions of the granter or any previous owners of the property. The granters involved in this type of deed guarantee that they have the lawful authority to convey the property and that it is free from any undisclosed encumbrances. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees the grantee against defects or encumbrances that occurred during the time the granter owned the property. It protects the grantee from any claims or issues arising from the granter's ownership, but not necessarily from any past incidents or actions by previous owners. Keywords: Iowa, Warranty Deed, Surface, Mineral Interests, Multiple Granters, General Warranty Deed, Special Warranty Deed, ownership, title, guarantee, encumbrances, defects, lawful authority.
Iowa Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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A warranty deed holds the seller, or grantor, responsible for any breach after the title search, even if the breach occurred without their knowledge or during a period before the grantor owned the property.
A warranty deed provides guarantees of clear title to real property and that the current owner has the legal right to sell it or transfer it to another party. A quitclaim deed, in contrast, contains no guarantees about the quality of the title or owner.
A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
An Iowa general warranty deed transfers property ownership from a grantor to a grantee with covenants that ensure its title is clear and that the grantor has the right to transfer. This type of deed is the most commonly used and is generally executed in conjunction with a purchase agreement.
As with any conveyance of real estate, a warranty deed requires a complete legal description of the parcel. Recite the source of title to establish a clear chain of title, and detail any restrictions associated with the property.
Premises Clause. Also known as the granting clause, is the only legally necessary clause required in a deed. ... Habendum Clause. Specifies the legal rights being given. Reddendum Clause. ... Warrants in deeds. ... General Warranty Deed. ... Warrant of Seisin. ... Warrant of quiet enjoyment. ... Warranty Forever.
A traditional deed simply transfers the ownership of a property from one party to another (in other words, the seller to the buyer.) Whoever legally holds the deed is the rightful owner of the property. A warranty deed, on the other hand, contains special assurances that the seller makes to the buyer.
Signing (§ 558.31) ? A quit claim deed must be signed with the Grantor(s) in the presence of a Notary Public. Additional Documents ? The State of Iowa requires that all Quit Claim Deeds that are filed also have the Groundwater Hazard Statement & Declaration of Value attached when filing to the County Recorder.