Oklahoma 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 Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions in the state of Oklahoma. This type of deed provides certain assurances to the buyer regarding the ownership and condition of the surface area of a property. It is important to note that there might be variations or additional types of Warranty Deeds available in Oklahoma, but we will focus specifically on the surface with limited warranty aspect. Keywords: Oklahoma Warranty Deed, Surface, Limited Warranty, Real Estate Transaction, Ownership, Condition. Description: A Warranty Deed for Surface with Limited Warranty is a legally binding document used in Oklahoma when transferring the ownership rights of a property's surface area from a seller (granter) to a buyer (grantee). This type of deed offers the grantee some level of assurance regarding the property's ownership rights and the condition of its surface area. When engaging in a real estate transaction in Oklahoma, it is crucial to use a Warranty Deed to ensure a clear transfer of property rights. The limited warranty aspect of the deed implies that the granter guarantees that they hold legal ownership of the surface area being transferred, but the warranty is limited in scope. Additionally, the granter assures that the property is not subject to any undisclosed liabilities or claims that might hinder the grantee's full enjoyment of the property's surface rights. By using a Warranty Deed for Surface with Limited Warranty, both parties involved in the transaction can have some peace of mind. The limited warranty ensures that the granter is accountable if any issues regarding ownership or undisclosed liabilities arise in the future. However, it is important to note that the limited warranty does not extend to any defects or issues that might affect the property after the transfer of ownership. Different Types: While this description specifically focuses on the Oklahoma Warranty Deed for Surface with Limited Warranty, there might be other types of warranty deeds available in the state. These could include: 1. General Warranty Deed: Provides the highest level of protection for the grantee, as it guarantees clear ownership, absence of undisclosed liabilities, and potential defects on the property. 2. Special Warranty Deed: Similar to the Limited Warranty Deed, but with a limited scope of the warranties offered. It protects the grantee against any defects or issues arising during the granter's ownership. 3. Quitclaim Deed: Offers the least amount of protection to the grantee, as it simply transfers the granter's rights and interests without any warranties. In conclusion, a Warranty Deed for Surface with Limited Warranty in Oklahoma provides the grantee with some assurances regarding the ownership and condition of the property's surface area. It guarantees that the granter holds legal ownership and protects the grantee from undisclosed liabilities. However, it is important for both parties to consider their specific needs and consult with a professional before entering into any real estate transaction.

A Warranty Deed for Surface with Limited Warranty is a legal document used in real estate transactions in the state of Oklahoma. This type of deed provides certain assurances to the buyer regarding the ownership and condition of the surface area of a property. It is important to note that there might be variations or additional types of Warranty Deeds available in Oklahoma, but we will focus specifically on the surface with limited warranty aspect. Keywords: Oklahoma Warranty Deed, Surface, Limited Warranty, Real Estate Transaction, Ownership, Condition. Description: A Warranty Deed for Surface with Limited Warranty is a legally binding document used in Oklahoma when transferring the ownership rights of a property's surface area from a seller (granter) to a buyer (grantee). This type of deed offers the grantee some level of assurance regarding the property's ownership rights and the condition of its surface area. When engaging in a real estate transaction in Oklahoma, it is crucial to use a Warranty Deed to ensure a clear transfer of property rights. The limited warranty aspect of the deed implies that the granter guarantees that they hold legal ownership of the surface area being transferred, but the warranty is limited in scope. Additionally, the granter assures that the property is not subject to any undisclosed liabilities or claims that might hinder the grantee's full enjoyment of the property's surface rights. By using a Warranty Deed for Surface with Limited Warranty, both parties involved in the transaction can have some peace of mind. The limited warranty ensures that the granter is accountable if any issues regarding ownership or undisclosed liabilities arise in the future. However, it is important to note that the limited warranty does not extend to any defects or issues that might affect the property after the transfer of ownership. Different Types: While this description specifically focuses on the Oklahoma Warranty Deed for Surface with Limited Warranty, there might be other types of warranty deeds available in the state. These could include: 1. General Warranty Deed: Provides the highest level of protection for the grantee, as it guarantees clear ownership, absence of undisclosed liabilities, and potential defects on the property. 2. Special Warranty Deed: Similar to the Limited Warranty Deed, but with a limited scope of the warranties offered. It protects the grantee against any defects or issues arising during the granter's ownership. 3. Quitclaim Deed: Offers the least amount of protection to the grantee, as it simply transfers the granter's rights and interests without any warranties. In conclusion, a Warranty Deed for Surface with Limited Warranty in Oklahoma provides the grantee with some assurances regarding the ownership and condition of the property's surface area. It guarantees that the granter holds legal ownership and protects the grantee from undisclosed liabilities. However, it is important for both parties to consider their specific needs and consult with a professional before entering into any real estate transaction.