A New Mexico Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a property's surface rights from one party to another in the state of New Mexico. This type of deed provides a limited warranty to the buyer, ensuring that the seller guarantees that they hold clear title to the property and have the legal right to sell it, but only for the specific surface rights being conveyed. Keywords: New Mexico, warranty deed, surface rights, limited warranty, property ownership, legal document, clear title, seller, buyer. In New Mexico, there may be different variations of Warranty Deeds for Surface with Limited Warranty, including: 1. General Warranty Deed for Surface with Limited Warranty: This is the most common type of warranty deed, providing a limited warranty to the buyer for the surface rights of the property. It assures the buyer that the seller has clear title to the property and warrants against any past or future claims on the surface rights. 2. Special Warranty Deed for Surface with Limited Warranty: This type of warranty deed is similar to the general warranty deed, but it only provides a limited warranty against any defects in title caused by the seller. It does not cover any potential claims or issues that may arise from previous owners. 3. Quitclaim Deed for Surface with Limited Warranty: While not technically a warranty deed, a quitclaim deed can also be used to transfer surface rights with a limited warranty. In this case, the seller gives up any claim they may have to the property's surface rights, but does not provide any guarantees or warranties regarding the title. 4. Statutory Warranty Deed for Surface with Limited Warranty: This type of warranty deed is created under statutory law and provides a limited warranty to the buyer for the surface rights being conveyed. It may contain specific language required by New Mexico law to ensure the deed is legally valid and enforceable. Overall, a New Mexico Warranty Deed for Surface with Limited Warranty is a legal instrument that facilitates the transfer of surface rights from a seller to a buyer while offering a limited warranty of clear title. It helps protect the buyer's interest in the property and provides assurances that the seller has the legal right to sell the specified surface rights.
New Mexico Warranty Deed for Surface with Limited Warranty
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