New York 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 York Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions in the state of New York. It serves as proof of ownership transfer from the seller (granter) to the buyer (grantee) for a specific property's surface rights. This type of warranty deed provides limited protections to the buyer regarding the property's surface, ensuring that the granter has not encumbered or sold these rights to any other party. A New York Warranty Deed for Surface with Limited Warranty contains several key elements. It includes the names and addresses of both the granter and grantee, a legal description of the property, and the amount of consideration paid for the transfer. The limited warranty clause within the deed assures the covenants made by the granter, specifically guaranteeing the granter's ownership interest in the property and the absence of encumbrances during their ownership. There are no specific subtypes of New York Warranty Deeds for Surface with Limited Warranty. However, it is worth mentioning that other types of warranty deeds commonly used in New York include General Warranty Deeds, Special Warranty Deeds, and Quitclaim Deeds. Each of these deeds provides different levels of protection and warranty to the grantee. A General Warranty Deed offers the highest level of protection to the grantee, as it includes warranties that cover the entire chain of title, ensuring that the granter has clear and marketable title to the property. This type of deed provides the broadest range of promises and protections. A Special Warranty Deed is less comprehensive than a General Warranty Deed, as it only guarantees the granter's actions and title during their ownership. This means that the granter is liable for any issues that may have arisen during their ownership but not for issues that occurred before they acquired the property. A Quitclaim Deed, on the other hand, provides the least level of protection to the grantee. It transfers the granter's interest in the property to the grantee without making any warranties or guarantees about the title. The granter merely releases any claims or interests they may have had in the property, with no obligation to defend the title. In summary, a New York Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of surface rights from the granter to the grantee. While there are no specific subtypes of this deed, other common types of warranty deeds in New York include General Warranty Deeds, Special Warranty Deeds, and Quitclaim Deeds, each offering different levels of protection and warranty to the grantee.

A New York Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions in the state of New York. It serves as proof of ownership transfer from the seller (granter) to the buyer (grantee) for a specific property's surface rights. This type of warranty deed provides limited protections to the buyer regarding the property's surface, ensuring that the granter has not encumbered or sold these rights to any other party. A New York Warranty Deed for Surface with Limited Warranty contains several key elements. It includes the names and addresses of both the granter and grantee, a legal description of the property, and the amount of consideration paid for the transfer. The limited warranty clause within the deed assures the covenants made by the granter, specifically guaranteeing the granter's ownership interest in the property and the absence of encumbrances during their ownership. There are no specific subtypes of New York Warranty Deeds for Surface with Limited Warranty. However, it is worth mentioning that other types of warranty deeds commonly used in New York include General Warranty Deeds, Special Warranty Deeds, and Quitclaim Deeds. Each of these deeds provides different levels of protection and warranty to the grantee. A General Warranty Deed offers the highest level of protection to the grantee, as it includes warranties that cover the entire chain of title, ensuring that the granter has clear and marketable title to the property. This type of deed provides the broadest range of promises and protections. A Special Warranty Deed is less comprehensive than a General Warranty Deed, as it only guarantees the granter's actions and title during their ownership. This means that the granter is liable for any issues that may have arisen during their ownership but not for issues that occurred before they acquired the property. A Quitclaim Deed, on the other hand, provides the least level of protection to the grantee. It transfers the granter's interest in the property to the grantee without making any warranties or guarantees about the title. The granter merely releases any claims or interests they may have had in the property, with no obligation to defend the title. In summary, a New York Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of surface rights from the granter to the grantee. While there are no specific subtypes of this deed, other common types of warranty deeds in New York include General Warranty Deeds, Special Warranty Deeds, and Quitclaim Deeds, each offering different levels of protection and warranty to the grantee.