Illinois Warranty Deed for Surface with Limited Warranty is a legal document used in Illinois to transfer ownership of a property's surface rights from one party to another. This type of warranty deed provides a limited warranty of title, guaranteeing that the seller holds the title to the property and has the right to transfer ownership, but it doesn't provide any additional warranties or guarantees. The Illinois Warranty Deed for Surface with Limited Warranty ensures that the surface rights being transferred are free from any encumbrances or claims, except for those specifically stated in the deed. This means that the granter (seller) is not responsible for any defects or claims that someone else may have on the property, such as liens, easements, or restrictions. It is essential to conduct a thorough title search and examination before using this type of warranty deed to ensure that there are no hidden issues or disputes regarding the property's ownership or title. If any defects or claims are discovered during the title search, they must be resolved or disclosed before the deed can be executed. Different types or variations of the Illinois Warranty Deed for Surface with Limited Warranty may include: 1. Illinois Warranty Deed for Residential Surface with Limited Warranty: Specifically designed for the transfer of residential properties' surface rights with limited warranty protection. 2. Illinois Warranty Deed for Commercial Surface with Limited Warranty: Designed for commercial properties, this warranty deed transfers surface rights with limited warranty of title. 3. Illinois Warranty Deed for Agricultural Surface with Limited Warranty: This variant of the warranty deed is designed for agricultural properties, ensuring the limited warranty of title for their surface rights. Regardless of the type, it is crucial to carefully review and understand the terms and conditions of the warranty deed, seek legal advice if needed, and ensure the necessary documents are in order to facilitate a smooth transfer of ownership.
Illinois Warranty Deed for Surface with Limited Warranty
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