North Carolina 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 North Carolina Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions to transfer the ownership of a property. This type of deed provides limited assurances to the buyer regarding the title and ownership of the property. The use of specific keywords in the description helps to provide relevant information for the reader. In North Carolina, there are variations of Warranty Deeds, including: 1. General Warranty Deed: This type of deed offers the highest level of protection to the buyer. It guarantees that the seller holds clear title to the property and will defend the buyer against any future claims. 2. Special Warranty Deed: A Special Warranty Deed, also known as a Limited Warranty Deed, provides a limited guarantee from the seller. It only warrants against any title defects or claims that may have arisen during the seller's ownership of the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the seller's interest in the property without making any warranties or guarantees. It is commonly used when there is a transfer of property within a family or to clear up any potential ownership disputes. Now, let's delve into the details of a North Carolina Warranty Deed for Surface with Limited Warranty. A North Carolina Warranty Deed for Surface with Limited Warranty is a legal document used to transfer the surface rights of a property while providing a limited warranty to the buyer. This type of deed assures the buyer that the seller has the legal right to sell the property's surface rights and that no undisclosed claims or encumbrances exist during the seller's ownership. The Limited Warranty Deed guarantees the buyer that the seller will defend against any claim that may arise during the seller's period of ownership. However, it does not provide the same level of protection as a General Warranty Deed, as it only covers potential defects or claims arising specifically from the seller's ownership timeframe. When drafting a North Carolina Warranty Deed for Surface with Limited Warranty, it is crucial to include specific details to ensure clarity and legal validity. Such details may include: 1. The names and addresses of the buyer (grantee) and the seller (granter). 2. A detailed description of the property, including its boundaries, lot number, and any other identifying information. 3. Confirmation that the surface rights of the property are being transferred from the seller to the buyer. 4. A statement certifying that the seller legally owns the surface rights and that the property is free from undisclosed claims or encumbrances. 5. The limited warranty clause, indicating that the seller will defend the buyer against any claims related to the surface rights during the seller's ownership period. 6. The signatures of the seller, buyer, and any necessary witnesses. When dealing with real estate transactions in North Carolina, it is recommended to consult with an experienced real estate attorney to ensure a proper understanding of the legal implications and to accurately draft the North Carolina Warranty Deed for Surface with Limited Warranty.

A North Carolina Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions to transfer the ownership of a property. This type of deed provides limited assurances to the buyer regarding the title and ownership of the property. The use of specific keywords in the description helps to provide relevant information for the reader. In North Carolina, there are variations of Warranty Deeds, including: 1. General Warranty Deed: This type of deed offers the highest level of protection to the buyer. It guarantees that the seller holds clear title to the property and will defend the buyer against any future claims. 2. Special Warranty Deed: A Special Warranty Deed, also known as a Limited Warranty Deed, provides a limited guarantee from the seller. It only warrants against any title defects or claims that may have arisen during the seller's ownership of the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the seller's interest in the property without making any warranties or guarantees. It is commonly used when there is a transfer of property within a family or to clear up any potential ownership disputes. Now, let's delve into the details of a North Carolina Warranty Deed for Surface with Limited Warranty. A North Carolina Warranty Deed for Surface with Limited Warranty is a legal document used to transfer the surface rights of a property while providing a limited warranty to the buyer. This type of deed assures the buyer that the seller has the legal right to sell the property's surface rights and that no undisclosed claims or encumbrances exist during the seller's ownership. The Limited Warranty Deed guarantees the buyer that the seller will defend against any claim that may arise during the seller's period of ownership. However, it does not provide the same level of protection as a General Warranty Deed, as it only covers potential defects or claims arising specifically from the seller's ownership timeframe. When drafting a North Carolina Warranty Deed for Surface with Limited Warranty, it is crucial to include specific details to ensure clarity and legal validity. Such details may include: 1. The names and addresses of the buyer (grantee) and the seller (granter). 2. A detailed description of the property, including its boundaries, lot number, and any other identifying information. 3. Confirmation that the surface rights of the property are being transferred from the seller to the buyer. 4. A statement certifying that the seller legally owns the surface rights and that the property is free from undisclosed claims or encumbrances. 5. The limited warranty clause, indicating that the seller will defend the buyer against any claims related to the surface rights during the seller's ownership period. 6. The signatures of the seller, buyer, and any necessary witnesses. When dealing with real estate transactions in North Carolina, it is recommended to consult with an experienced real estate attorney to ensure a proper understanding of the legal implications and to accurately draft the North Carolina Warranty Deed for Surface with Limited Warranty.