Minnesota Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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FAQ
Special warranty deeds, also called limited warranty deeds, provide the majority of the warranties and covenants of a general warranty deed, but not the covenant of seisin, which is the warranty that the seller actually owns the land. Trustee deeds are given by trustees for property that is held in trust.
A general warranty deed is used to transfer an interest in real estate in Minnesota in most real estate transactions. A Minnesota warranty deed conveys real property with warranty covenants to the buyer. It requires an acknowledgement of the grantor's signature.
What are Outstanding and Reserved mineral rights? Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States.
A duly executed warranty deed includes the following covenants on the part of the grantor: (1) that the grantor is lawfully seized of the premises in fee simple and has good right to convey the property; (2) that the premises are free from all encumbrances; (3) the right to quiet and peaceable possession thereof; and ( ...
In order to be recordable, a Minnesota deed must contain the name and address of the grantee(s) who are to receive the real property tax statement ? unless the deed was executed or acknowledged outside of the State of Minnesota.
A warranty deed must include Minnesota's essential elements for a valid, recordable deed. Among other things, warranty deeds must have the names of the grantor and grantee, the property's legal description, and the specific language and covenants that demonstrate the grantor's warranty to the grantee.
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.
Notary fees are normally charged to the party whose signature is being notarized. For the warranty deed, that is the seller.