Maryland Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-320
• Format: Word; Rich Text

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale. A Maryland Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a property, specifically its surface rights, from one party to another in the state of Maryland. This type of deed offers a limited warranty to the buyer, meaning that the seller guarantees they have legal ownership of the property and have the right to sell it, but does not assume responsibility for any defects or claims against the property that may arise. In Maryland, there are several types of Warranty Deeds for Surface with Limited Warranty. These include: 1. General Warranty Deed: This is the most common type of warranty deed in Maryland. It provides the buyer with the highest level of protection and assurance as it guarantees that the seller owns the property, has the right to sell it, and will defend the buyer against any claims or defects that may arise. 2. Special Warranty Deed: This type of warranty deed is often used in commercial transactions. It provides a limited warranty and guarantees that the seller has not caused any defects to the property during their ownership. 3. Bargain and Sale Deed: A bargain and sale deed is a type of deed often used when transferring property without any expressed warranties. It conveys the property "as is", meaning the seller does not offer any warranty or assurance regarding the property's condition or title. When using a Maryland Warranty Deed for Surface with Limited Warranty, it is important to include the following essential information: — Names and addresses of thgranteror (seller) and the grantee (buyer) — A legal description of the property, including its boundaries and any improvements on the surface — The purchase price or consideration for the transfer of the property — Any restrictions or conditions associated with the property — Signatures of thgranteror and witnesses, as well as a notarial acknowledgment of the granter's signature. It is crucial to consult with a qualified attorney or legal professional when drafting or executing a Maryland Warranty Deed for Surface with Limited Warranty, as it is a legally binding document that affects property ownership rights.

A Maryland Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a property, specifically its surface rights, from one party to another in the state of Maryland. This type of deed offers a limited warranty to the buyer, meaning that the seller guarantees they have legal ownership of the property and have the right to sell it, but does not assume responsibility for any defects or claims against the property that may arise. In Maryland, there are several types of Warranty Deeds for Surface with Limited Warranty. These include: 1. General Warranty Deed: This is the most common type of warranty deed in Maryland. It provides the buyer with the highest level of protection and assurance as it guarantees that the seller owns the property, has the right to sell it, and will defend the buyer against any claims or defects that may arise. 2. Special Warranty Deed: This type of warranty deed is often used in commercial transactions. It provides a limited warranty and guarantees that the seller has not caused any defects to the property during their ownership. 3. Bargain and Sale Deed: A bargain and sale deed is a type of deed often used when transferring property without any expressed warranties. It conveys the property "as is", meaning the seller does not offer any warranty or assurance regarding the property's condition or title. When using a Maryland Warranty Deed for Surface with Limited Warranty, it is important to include the following essential information: — Names and addresses of thgranteror (seller) and the grantee (buyer) — A legal description of the property, including its boundaries and any improvements on the surface — The purchase price or consideration for the transfer of the property — Any restrictions or conditions associated with the property — Signatures of thgranteror and witnesses, as well as a notarial acknowledgment of the granter's signature. It is crucial to consult with a qualified attorney or legal professional when drafting or executing a Maryland Warranty Deed for Surface with Limited Warranty, as it is a legally binding document that affects property ownership rights.