A South Carolina Warranty Deed for Surface with Limited Warranty is a legal document used in the state of South Carolina that guarantees the transfer of ownership rights over a surface property, such as land or real estate. This specific type of warranty deed provides a limited warranty, which means that the seller guarantees that they have lawful ownership of the property but offers no further warranties regarding the property's condition or title beyond their ownership. Keywords: South Carolina Warranty Deed, surface property, limited warranty, ownership rights, transfer of ownership, land, real estate, lawful ownership, property condition, title. There are several variations of South Carolina Warranty Deeds for Surface with Limited Warranty, including: 1. General South Carolina Warranty Deed for Surface with Limited Warranty: This type of warranty deed is used for the transfer of ownership rights for a surface property within the state. It provides a limited warranty, indicating that the seller holds legal ownership of the property but does not make any warranties regarding its condition or title beyond their ownership. 2. South Carolina Warranty Deed for Surface with Special Warranty: This variant of the warranty deed offers a more specific limited warranty. In addition to guaranteeing lawful ownership, it includes certain warranties made by the seller regarding their own actions during their ownership of the property. These warranties typically pertain to potential encumbrances or defects caused by the seller's actions. 3. South Carolina Warranty Deed for Surface with Limited Warranty Against Encumbrances: This type of warranty deed not only provides a limited warranty of ownership but also ensures that the property is free from any encumbrances that may affect its value or use. Encumbrances can include liens, easements, or other claims that may impede on the property's ownership or enjoyment. 4. South Carolina Warranty Deed for Surface with Limited Warranty of Title: This variant of the warranty deed specifically focuses on providing a limited warranty for the property's title. It affirms that the seller has legal ownership of the property and guarantees that no other individuals or entities have valid claims on the property's title, except as stated in the deed. In conclusion, a South Carolina Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership rights over a surface property with the guarantee of lawful ownership. It is important for both buyers and sellers to understand the type of warranty offered, as the specific terms and limitations may vary based on the chosen variant of the warranty deed.
South Carolina Warranty Deed for Surface with Limited Warranty
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FAQ
When using a warranty deed, the grantor guarantees that the property has no outstanding title problems and that they, the current owner, have the legal right to sell to the buyer.
A limited warranty deed transfers legal title to real property. However, this type of deed does not promise clear title; it only guarantees the title for the period during which the grantor owned it. Despite this, it is useful in some situations.
Relates to the past and guarantees grantor ownership. The deed that offers a limited number of warranties is a. general warranty deed.
Also called a non-warranty deed, a quitclaim deed conveys whatever interest the grantor currently has in the property if any. The grantor only "remises, releases, and quitclaims" their interest in the property to the grantee. There are no warranties or promises regarding the quality of the title.
A special warranty deed or limited warranty deed only guarantees that no title problems occurred during the time the seller has owned the property. That means the previous owner can't be held accountable for creditors' liens or other issues that occurred before they took possession of the home.
Types of Deeds in Arkansas The limited warranty deed only guarantees that no issues were created while the seller was in possession of the property. Quitclaim deeds are also available in Arkansas, but used only in specific situations.
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
Along with vesting the property with the new owner and defining the warranty, a general warranty deed must satisfy South Carolina's general requirements for a valid conveyance. All South Carolina deeds must include the current owner's signature?acknowledged before a notary?and signatures of two witnesses.
