A Mississippi Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership of both the surface rights (land) and mineral rights (underlying resources) of a property in Mississippi from one party to another. This type of deed ensures that the granter (seller) guarantees the grantee (buyer) that they have legal ownership and the right to transfer the property. Keywords: Mississippi Warranty Deed, Surface and Mineral Interests, Multiple Granters, Transfer of Ownership, Legal Document, Land, Resources. There are different types of Mississippi Warranty Deeds for Surface and Mineral Interests with Multiple Granters. These include: 1. General Warranty Deed: This type of deed offers the highest level of protection for the grantee as it guarantees that the granter holds valid ownership and has the right to sell both the surface and mineral rights of the property. It also guarantees that the grantee will not face any claims or disputes against the property. 2. Special Warranty Deed: This type of deed guarantees that the granter has not done anything to jeopardize the title of the property during their ownership. However, it does not provide protection against claims or disputes that might arise from previous owners. 3. Quitclaim Deed: A Quitclaim deed transfers the granter's interest in the property without any warranties or guarantees. It simply transfers whatever interest the granter may have without ensuring or guaranteeing the granter's ownership or the absence of any liens or claims. When drafting a Mississippi Warranty Deed for Surface and Mineral Interests with Multiple Granters, it is crucial to include the following details: — Names and addresses of algrantersrs: The legal names and addresses of all parties transferring ownership rights. — Names and addresses of all grantees: The legal names and addresses of all parties receiving ownership rights. — Property description: A detailed description of the property, including its boundaries, size, and any other relevant information necessary for identification. — Surface and Mineral Rights: A clear statement specifying the transfer of both the surface and mineral rights of the property. — Consideration: The amount agreed upon as payment for the property. It is typically stated in dollars and may include other considerations or arrangements. — Legal description: A precise and detailed description of the property's location, boundaries, and any other relevant details that precisely define the property's boundaries. — Execution and Acknowledgment: The document must be signed and acknowledged by all granters in the presence of a notary public or other authorized officials. — Recording: The document should include a statement indicating the intention to record the deed with the appropriate county clerk's office to make it part of the public records. It's important to consult a lawyer or a qualified professional when preparing a Mississippi Warranty Deed for Surface and Mineral Interests with Multiple Granters to ensure compliance with local laws and regulations. This will provide both the granter and the grantee with legal protection and assurance during the transfer of ownership.
Mississippi Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property?if any.
While a special warranty deed conveys fee simple title and provides the same five covenants of title that a general warranty deed does, to wit: the covenant of seisin. covenant of the right to convey. covenant against encumbrances.
There are up to six express covenants that may be found in a deed: the covenant of seisin, the covenant of the right to convey, the covenant against encumbrances, the covenant of quiet enjoyment, the covenant of general warranty, and the covenant of further assurances.
A warranty deed provides guarantees of clear title to real property and that the current owner has the legal right to sell it or transfer it to another party. A quitclaim deed, in contrast, contains no guarantees about the quality of the title or owner.
The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.
General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.
Covenant of Exceptions and Reservations. *A general warrant deed contains five covenants to include Covenant of Seisin, Covenant of Quiet Enjoyment, Covenant Against Encumbrances, Covenant of Further Assurance, and Covenant of a Warranty Forever. There is no Covenant of Exceptions and Reservations included.
Quitclaim Deed This type of deed guarantees nothing and there is no expressed or implied warranty that grantor owns the property or any interest in it. Moreover, a quitclaim deed does not convey any after-acquired title. 7. Principal Instruments of Transfer - California Department of Real Estate ca.gov ? files ? pdf ? refbook ? ref07 ca.gov ? files ? pdf ? refbook ? ref07
Quitclaim Deed A deed used to transfer any interest in real property that the grantor may have. It contains no warranties of any kind. Deeds lavote.gov ? home ? recorder ? forms ? deeds lavote.gov ? home ? recorder ? forms ? deeds
Special warranty deeds do not protect against mistakes in a free-and-clear title that may exist before the seller's ownership. Thus, the grantor of a special warranty deed is only liable for debts, problems, or other encumbrances to the title that they caused during their property ownership.