Maryland Mineral Deed with Limited Warranty

State:
Multi-State
Control #:
US-OG-061
Format:
Word; 
Rich Text
Instant download

Description

This form of deed conveys an undivided interest in minerals in specific lands.

How to fill out Mineral Deed With Limited Warranty?

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FAQ

Certificate of Preparation Individuals not licensed to practice law in this state may not prepare a deed for anyone else. A Certificate of Preparation attests that the document was prepared by an attorney licensed to practice law in the State of Maryland.

A Maryland special warranty deed is another legal document that conveys real property, also known as real estate, from a seller to a buyer. Similar to a warranty deed, it provides a guarantee running from the seller to the buyer. However, unlike a warranty deed, it provides a limited guarantee only.

To add a name to a deed in Maryland, you must prepare a new deed that includes both the current owner's name and the new owner's name. The current owner is the grantor, and the new owner is the grantee. The new deed should include a legal description of the property.

If your names appear on the deed, you own the property if one of you dies. You are not liable for the mortgage loan if you do not have a mortgage. However, if your spouse dies, you inherit their interest in the property.

This deed type does not include any guarantees regarding the title. Instead, the seller simply uses it to transfer whatever interest they might have to a buyer. It does verify whether there may be another owner, nor does it verify any debts, liens, or liabilities against the title.

To add a name to a deed in Maryland, you must prepare a new deed that includes both the current owner's name and the new owner's name. The current owner is the grantor, and the new owner is the grantee. The new deed should include a legal description of the property.

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Maryland Mineral Deed with Limited Warranty