A Kansas Mineral Deed with Limited Warranty is a legal document used in the state of Kansas to transfer ownership rights of mineral interests from one party to another. This type of deed provides the buyer with a limited warranty, meaning that the seller guarantees they have not encumbered the property, except for any limitations specified in the deed. The limited warranty also assures that the seller has the right to sell the minerals. Keywords: Kansas Mineral Deed, Limited Warranty, transfer ownership, mineral interests, legal document, encumbered, limitations, seller, buyer, rights. There are a few different types of Kansas Mineral Deeds with Limited Warranty, classified based on specific conditions or elements. Some examples include: 1. Absolute Mineral Deed with Limited Warranty: This type of deed conveys the mineral interests to the buyer without any conditions or limitations, except for those explicitly mentioned in the document. 2. Non-production Mineral Deed with Limited Warranty: This deed transfers ownership of the minerals, but the seller discloses that there is currently no production or income generated from the minerals. 3. Conditional Mineral Deed with Limited Warranty: This type of deed involves certain conditions that must be met before the buyer gains full ownership of the minerals. These conditions are stated in the deed and are typically related to specific events or circumstances. 4. Royalty Interest Mineral Deed with Limited Warranty: In this case, the seller conveys only the royalty interest of the minerals rather than the actual ownership. This means that the buyer will receive a portion of the income generated from any production on the property. 5. Fractional Mineral Deed with Limited Warranty: This type of deed represents the transfer of a fraction or percentage ownership of the minerals. It allows multiple individuals or entities to share ownership of the mineral interests in specific proportions. Keywords: Absolute Mineral Deed, Non-production Mineral Deed, Conditional Mineral Deed, Royalty Interest Mineral Deed, Fractional Mineral Deed, limited warranty, transfer ownership, conditions, limitations, mineral interests. It is crucial to consult with legal professionals specializing in real estate and mineral rights to ensure that the Kansas Mineral Deed with Limited Warranty meets all the necessary legal requirements and adequately protects the interests of both the buyer and the seller.
Kansas Mineral Deed with Limited Warranty
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A Kansas statutory warranty deed is used to transfer property with a warranty or guarantee from a seller to a buyer. The seller uses the warranty deed to guarantee that there are no other interests in the property being sold and that he or she has the legal authority to transfer the property.
Recording Fees for Kansas Deeds A recorded deed gives formal notice of the transfer to any later purchasers, creditors, and other parties. Recording cost. The register of deeds charges $21.00 to record a deed's first page and $17.00 each for other pages.
How can I change my name, add someone, or remove someone from my deed? We cannot change a recorded document because it is a permanent record. To make a change to the deed, a new deed needs to be prepared and recorded. We recommend that you contact an attorney or title company for assistance.
Both deeds contain a promise that the grantor is conveying clear title to the property. But, the difference between the general warranty and limited warranty is the duration of that promise.
General Warranty Deed A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.
Warranty deeds are the safer option when buying property versus simply transferring ownership. Most buyers will want this option. If it is discovered that the seller did not have complete ownership of the property, the buyer can sue for breach of warranty.
A fiduciary deed differs from other types of deeds, such as warranty deeds and quitclaim deeds, in that it does not guarantee the title to the property. Rather, it simply transfers the ownership of the property from the original owner to the new owner.
A special warranty deed?also known as a limited warranty deed?is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.
