A warranty deed is a legal document that transfers ownership of real property from one party (the granter) to another (the grantee). In Idaho, a specific type of warranty deed is the Idaho Warranty Deed for Surface with Limited Warranty. The Idaho Warranty Deed for Surface with Limited Warranty is a legal contract that guarantees that the granter holds full and clear title to the property's surface rights and has the legal right to transfer them to the grantee. This type of warranty deed provides a limited warranty or protection to the grantee by ensuring that the surface rights are free from any encumbrances or claims during the granter's ownership. This warranty deed serves as a written documentation of the transfer of ownership and includes important details such as the names and addresses of the granter and grantee, a detailed description of the property, the purchase price or consideration, and any conditions or restrictions associated with the transfer. There might be variations or additional types of Idaho Warranty Deeds for Surface with Limited Warranty that can be named based on their specific focus or circumstances. These include: 1. Idaho Special Warranty Deed for Surface with Limited Warranty: This type of warranty deed protects the grantee against any defects or claims that may have arisen during the granter's ownership but limits the warranty to only those issues that occurred during that specific period. 2. Idaho Quitclaim Deed for Surface with Limited Warranty: While not technically a warranty deed, a quitclaim deed is often used when the granter is not guaranteeing title but is simply transferring whatever claim or interest they have in the property. A quitclaim deed can include a limited warranty clause that ensures the granter holds the surface rights with no encumbrances during the granter's ownership. In summary, the Idaho Warranty Deed for Surface with Limited Warranty is a legally binding document that transfers ownership of the surface rights of a property with a limited warranty of clear title from the granter to the grantee. It provides protection against any defects or claims related to the surface rights during the granter's ownership period. Different variations, such as the Idaho Special Warranty Deed for Surface with Limited Warranty and Idaho Quitclaim Deed for Surface with Limited Warranty, may be used depending on the specific circumstances or focus of the transaction.
Idaho Warranty Deed for Surface with Limited Warranty
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How to fill out Warranty Deed For Surface With Limited Warranty?
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Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
When using a warranty deed, the grantor guarantees that the property has no outstanding title problems and that they, the current owner, have the legal right to sell to the buyer.
A Warranty Deed is signed at closing in purchase and sale transactions. It conveys the title of the property from the grantor, or seller, to the grantee, or buyer.
Quitclaim Deed A deed used to transfer any interest in real property that the grantor may have. It contains no warranties of any kind.
Types of Deeds in Arkansas The limited warranty deed only guarantees that no issues were created while the seller was in possession of the property. Quitclaim deeds are also available in Arkansas, but used only in specific situations.
A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.
