A Nevada Warranty Deed for Surface and Mineral Interests is a legal document used to transfer ownership rights of both surface and mineral interests in real property located in Nevada. This deed provides a guarantee from the granter (seller) to the grantee (buyer) that the property being conveyed is free from any undisclosed encumbrances or defects in title. It offers protection to the grantee against any future claims or disputes arising from the property's ownership. In Nevada, there are two types of Warranty Deeds commonly used for surface and mineral interests: the General Warranty Deed and the Limited Warranty Deed. 1. General Warranty Deed: This type of Warranty Deed provides the highest level of protection to the grantee. By executing a General Warranty Deed, the granter guarantees that they have clear title to the property and will defend the grantee against any claims made by others. It covers both past and future claims, ensuring the grantee's peace of mind regarding the property's ownership. 2. Limited Warranty Deed: Unlike the General Warranty Deed, a Limited Warranty Deed only offers protection against defects in title that occurred during the granter's ownership. It does not cover any claims or defects that may have existed prior to the granter's ownership. The limited warranty is often used when the granter wants to limit their liability, such as in cases where they obtained the property through foreclosure or inheritance. Both types of Warranty Deed for surface and mineral interests include essential information about the property, such as its legal description, the names of the granter and grantee, and the purchase price. Additionally, they require the granter's signature, which must be notarized to make the deed legally binding. It is advisable to consult an attorney or a real estate professional familiar with Nevada laws to ensure compliance and accuracy in preparing such deeds. By utilizing a Nevada Warranty Deed for Surface and Mineral Interests, both parties involved in the property transaction can have confidence in the legality and ownership of the property. Whether opting for a General or Limited Warranty Deed, this document plays a crucial role in safeguarding the interests of the grantee and establishing a clear and marketable title.
Nevada Warranty Deed for Surface and Mineral Interests
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There are four types of deed forms in Nevada, including general warranty deeds, quitclaim deeds, special warranty deeds, and deeds of trust. Except for trust deeds, these crucial property transfer documents are regulated under Nevada law NRS-111. Trust deeds work a little differently and fall under NRS-107.
Nevada law generally authorizes deeds to include covenants of title of the parties' choosing?subject to a few prohibited covenants. A Nevada property owner can therefore create a special warranty deed without the statutory grant-bargain-and-sale-deed language.
Nevada law recognizes three general types of deeds for transferring real estate: a general warranty deed form; a grant, bargain, and sale deed form; and a quitclaim deed form. These three forms vary ing to the guaranty the current owner provides?if any?regarding the quality of the property's title.
A Warranty Deed is the strongest deed and warrants to the Grantee: That the Grantor has not previously conveyed the estate or any interest therein to anyone except the Grantee; and. The estate is free from encumbrances.
Nevada deeds must meet the following signature requirements: Current Owner's Signature. The current property owner must sign a deed transferring real estate. ... Notarization. The current owner's signature must be acknowledged before a notary or other authorized officer.
The most common deed form in Nevada is the Grant Bargain and Sale Deed. This is a type of deed that typically involves two key elements. First, it warrants that the seller has not conveyed the property to another person.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
"Quitclaim deed" means a deed of conveyance operating by way of release, that is, intended to pass any title, interest or claim which the grantor may have in the premises, but not professing that the title is valid nor containing any warranty or covenants for title. Nev. Admin.