New Jersey 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 New Jersey Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership of a property's surface rights from a seller (granter) to a buyer (grantee) in New Jersey. This type of deed guarantees that the granter has the legal right to sell the property and protects the grantee from any future claims or defects on the title, except those already known by the grantee. The limited warranty aspect of this deed ensures that the granter will defend the grantee's ownership rights against any claims arising during the granter's ownership, but not against claims that may predate the granter's ownership. This means that the granter is responsible for any defects, liens, or encumbrances that occurred during their ownership period but isn't accountable for any issues prior to that period. There are no specific variations or types of New Jersey Warranty Deed for Surface with Limited Warranty outlined in the state statutes. However, it's essential to consult with a qualified real estate attorney or title professional to ensure that the specific language and provisions meet the legal requirements of New Jersey and address the needs of the parties involved. When drafting a New Jersey Warranty Deed for Surface with Limited Warranty, it is vital to include relevant information such as: 1. Names and addresses of the granter(s) and grantee(s): The full legal names and mailing addresses of both parties involved in the deed transfer. 2. Property description: A detailed description of the property being conveyed, including the full address, tax identification number, and any other relevant information to identify the property accurately. 3. Consideration: The amount of money or value exchanged between the granter and the grantee for the property being transferred. 4. Warranty clause: A clear statement that the granter warrants that they own the surface rights to the property and have the legal authority to sell it. This clause should limit the granter's liability to any claims arising only during their ownership period. 5. Legal and notary acknowledgments: The deed should include spaces for the granter's signature, which must be witnessed by a notary public. It's crucial to comply with New Jersey's specific notary requirements for the document to be legally valid. By utilizing a New Jersey Warranty Deed for Surface with Limited Warranty, both the granter and the grantee can have peace of mind knowing that the property's surface rights are being legally transferred, and they are protected against any potential claims that may arise after the transfer. It's imperative to seek legal advice to ensure the deed accurately reflects the intentions of both parties and adheres to New Jersey state laws.

A New Jersey Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership of a property's surface rights from a seller (granter) to a buyer (grantee) in New Jersey. This type of deed guarantees that the granter has the legal right to sell the property and protects the grantee from any future claims or defects on the title, except those already known by the grantee. The limited warranty aspect of this deed ensures that the granter will defend the grantee's ownership rights against any claims arising during the granter's ownership, but not against claims that may predate the granter's ownership. This means that the granter is responsible for any defects, liens, or encumbrances that occurred during their ownership period but isn't accountable for any issues prior to that period. There are no specific variations or types of New Jersey Warranty Deed for Surface with Limited Warranty outlined in the state statutes. However, it's essential to consult with a qualified real estate attorney or title professional to ensure that the specific language and provisions meet the legal requirements of New Jersey and address the needs of the parties involved. When drafting a New Jersey Warranty Deed for Surface with Limited Warranty, it is vital to include relevant information such as: 1. Names and addresses of the granter(s) and grantee(s): The full legal names and mailing addresses of both parties involved in the deed transfer. 2. Property description: A detailed description of the property being conveyed, including the full address, tax identification number, and any other relevant information to identify the property accurately. 3. Consideration: The amount of money or value exchanged between the granter and the grantee for the property being transferred. 4. Warranty clause: A clear statement that the granter warrants that they own the surface rights to the property and have the legal authority to sell it. This clause should limit the granter's liability to any claims arising only during their ownership period. 5. Legal and notary acknowledgments: The deed should include spaces for the granter's signature, which must be witnessed by a notary public. It's crucial to comply with New Jersey's specific notary requirements for the document to be legally valid. By utilizing a New Jersey Warranty Deed for Surface with Limited Warranty, both the granter and the grantee can have peace of mind knowing that the property's surface rights are being legally transferred, and they are protected against any potential claims that may arise after the transfer. It's imperative to seek legal advice to ensure the deed accurately reflects the intentions of both parties and adheres to New Jersey state laws.