New Mexico Warranty Deed for Surface and Mineral Interests

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-532
• Format: Word; Rich Text

Description

This is a form of a Warranty Deed that includes both Surface and Mineral Interests. A New Mexico Warranty Deed for Surface and Mineral Interests is a legal document that conveys ownership of both the surface and mineral rights of a property from the seller, also known as the granter, to the buyer, known as the grantee. This type of deed provides a guarantee to the buyer that the seller has a clear and unrestricted title to the property, and that they have the legal right to transfer both the surface and mineral interests. In New Mexico, there are several types of Warranty Deeds for Surface and Mineral Interests that can be used depending on specific circumstances: 1. General Warranty Deed: A General Warranty Deed guarantees that the granter has full ownership and the right to sell both the surface and mineral rights. It offers the highest level of protection for the buyer, as it warrants against any claims or defects in the title, even if they occurred before the seller acquired the property. 2. Special Warranty Deed: A Special Warranty Deed only guarantees that the granter has not incurred any encumbrances or defects in the title during their ownership. It does not protect the buyer against claims or defects that existed before the granter acquired the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the granter's interest in the property without any warranties or guarantees. It simply releases any claims or interests the granter may have, if any, without providing any assurances regarding the quality or validity of the title. In New Mexico, it is crucial for both buyers and sellers to carefully consider which type of Warranty Deed to use based on their specific needs and circumstances. Consulting with a qualified attorney or real estate professional is highly recommended ensuring the chosen deed effectively transfers the desired surface and mineral rights and provides appropriate legal protection. The use of keywords in this content: New Mexico, Warranty Deed, Surface and Mineral Interests, convey ownership, seller, granter, buyer, grantee, clear and unrestricted title, legal right, General Warranty Deed, Special Warranty Deed, Quitclaim Deed, encumbrances, defects in the title, claims, validity of the title, real estate professional, legal protection.

A New Mexico Warranty Deed for Surface and Mineral Interests is a legal document that conveys ownership of both the surface and mineral rights of a property from the seller, also known as the granter, to the buyer, known as the grantee. This type of deed provides a guarantee to the buyer that the seller has a clear and unrestricted title to the property, and that they have the legal right to transfer both the surface and mineral interests. In New Mexico, there are several types of Warranty Deeds for Surface and Mineral Interests that can be used depending on specific circumstances: 1. General Warranty Deed: A General Warranty Deed guarantees that the granter has full ownership and the right to sell both the surface and mineral rights. It offers the highest level of protection for the buyer, as it warrants against any claims or defects in the title, even if they occurred before the seller acquired the property. 2. Special Warranty Deed: A Special Warranty Deed only guarantees that the granter has not incurred any encumbrances or defects in the title during their ownership. It does not protect the buyer against claims or defects that existed before the granter acquired the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the granter's interest in the property without any warranties or guarantees. It simply releases any claims or interests the granter may have, if any, without providing any assurances regarding the quality or validity of the title. In New Mexico, it is crucial for both buyers and sellers to carefully consider which type of Warranty Deed to use based on their specific needs and circumstances. Consulting with a qualified attorney or real estate professional is highly recommended ensuring the chosen deed effectively transfers the desired surface and mineral rights and provides appropriate legal protection. The use of keywords in this content: New Mexico, Warranty Deed, Surface and Mineral Interests, convey ownership, seller, granter, buyer, grantee, clear and unrestricted title, legal right, General Warranty Deed, Special Warranty Deed, Quitclaim Deed, encumbrances, defects in the title, claims, validity of the title, real estate professional, legal protection.