Minnesota 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. Minnesota Warranty Deed for Surface with Limited Warranty is a legal document that establishes the transfer of property ownership rights in Minnesota, specifically for surface rights. This deed provides the buyer with limited guarantees or warranties regarding the title and condition of the property being transferred. It ensures that the seller holds the legal authority and ownership to sell the surface rights and that no encumbrances or claims exist which could affect the buyer's ownership interest. In Minnesota, there are a few variations of the Warranty Deed for Surface with Limited Warranty, including: 1. Statutory Warranty Deed for Surface with Limited Warranty: This type of Warranty Deed is commonly used in Minnesota and offers basic assurances to the buyer. It guarantees that the seller has the right to transfer the surface rights and that the property is free from any undisclosed defects, liens, or claims. 2. Bargain and Sale Deed with Limited Warranty: This variation of the Warranty Deed provides a limited warranty and is often used in Minnesota for commercial transactions. It assures the buyer that the seller has the right to sell the property and that it is free from any defects created by the seller, but it does not provide guarantees against defects originating from previous owners or claimants. 3. Quitclaim Deed with Limited Warranty: This type of Warranty Deed is less common in Minnesota and is typically used when the seller wants to transfer their interest in the property without making any guarantees or warranties to the buyer. It provides a limited warranty that the seller has not encumbered the property during their ownership. The Minnesota Warranty Deed for Surface with Limited Warranty ensures a level of protection for both the buyer and seller during the transfer of property ownership. It is crucial for both parties to consult with a legal professional and conduct a title search to ensure that the property is free from any undisclosed defects, liens, or claims before finalizing the transaction.

Minnesota Warranty Deed for Surface with Limited Warranty is a legal document that establishes the transfer of property ownership rights in Minnesota, specifically for surface rights. This deed provides the buyer with limited guarantees or warranties regarding the title and condition of the property being transferred. It ensures that the seller holds the legal authority and ownership to sell the surface rights and that no encumbrances or claims exist which could affect the buyer's ownership interest. In Minnesota, there are a few variations of the Warranty Deed for Surface with Limited Warranty, including: 1. Statutory Warranty Deed for Surface with Limited Warranty: This type of Warranty Deed is commonly used in Minnesota and offers basic assurances to the buyer. It guarantees that the seller has the right to transfer the surface rights and that the property is free from any undisclosed defects, liens, or claims. 2. Bargain and Sale Deed with Limited Warranty: This variation of the Warranty Deed provides a limited warranty and is often used in Minnesota for commercial transactions. It assures the buyer that the seller has the right to sell the property and that it is free from any defects created by the seller, but it does not provide guarantees against defects originating from previous owners or claimants. 3. Quitclaim Deed with Limited Warranty: This type of Warranty Deed is less common in Minnesota and is typically used when the seller wants to transfer their interest in the property without making any guarantees or warranties to the buyer. It provides a limited warranty that the seller has not encumbered the property during their ownership. The Minnesota Warranty Deed for Surface with Limited Warranty ensures a level of protection for both the buyer and seller during the transfer of property ownership. It is crucial for both parties to consult with a legal professional and conduct a title search to ensure that the property is free from any undisclosed defects, liens, or claims before finalizing the transaction.