A Tennessee Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership of both surface and mineral rights from multiple granters to a grantee. This type of deed provides a guarantee that the granters have full legal authority to transfer the property and that there are no undisclosed liens or claims on the surface or mineral rights. In Tennessee, there are various types of Warranty Deeds for Surface and Mineral Interests with Multiple Granters, each serving a specific purpose: 1. General Warranty Deed: This type of deed ensures that the granters warrant and defend title against any claims arising from the granters or those claiming through them. It provides the highest level of protection for the grantee. 2. Special Warranty Deed: Unlike the General Warranty Deed, the Special Warranty Deed only guarantees that the granters warrant title against any claims arising through their own actions or during their ownership of the property. 3. Quitclaim Deed: A Quitclaim Deed transfers the granters' rights to the grantee without any warranties or guarantees. It is often used when there is uncertainty about the status or history of the property's title. 4. Mineral Deed: This deed specifically transfers only the mineral rights associated with the property. It is commonly used when the surface rights and mineral rights are owned separately or by different parties. Throughout the process of transferring ownership using a Tennessee Warranty Deed for Surface and Mineral Interests with Multiple Granters, it is crucial to carefully assess the legal authority and claims on the property. Conducting a thorough title search, including examining previous deeds, mortgage records, and other relevant documents, is essential to ensure a smooth and legally valid transfer. When drafting or reviewing the deed, it is advisable to seek the assistance of a qualified real estate attorney to ensure compliance with Tennessee laws and regulations. Additionally, consulting with a land surveyor and a mineral rights specialist can help verify the boundaries and ownership of both the surface and mineral rights. In summary, a Tennessee Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document that transfers ownership of both surface and mineral rights. It is crucial to understand the different types of deeds available and seek professional advice to ensure a valid and well-protected transfer of property rights.
Tennessee Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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How to fill out Tennessee Warranty Deed For Surface And Mineral Interests With Multiple Grantors?
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FAQ
The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.
A mineral deed is just like a warranty deed, accept it only transfers the minerals in the sub surface of a property. A warranty deed can be used transfer both the surface, and mineral rights. But a mineral deed can only be used to transfer the minerals.
Because of inclusion of the word "grant" in a grant deed, the grantor impliedly warrants that he or she has not already conveyed to any other person and that the estate conveyed is free from encumbrances done, made or suffered by the grantor or any person claiming under grantor, including taxes, assessments and other ...
The grantor is generally bound by several covenants, including: The covenant of seizin?the grantor warrants that they own the property and has a legal right to convey it. The covenant against encumbrances?the grantor warrants that the property is free of liens or encumbrances.
General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.
A lawful warranty deed includes the grantor's full name, mailing address, and marital status, the consideration given for the transfer, and the grantee's full name, marital status, vesting, and mailing address. Vesting describes how the grantee holds title to the property.
The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants. The present covenants are: Covenant of Seisin.
If a defect in the title arises years before the grantor owned the property, then the grantor is still liable under the covenants for title. General warranty deeds guarantee to the grantee that the property is being transferred free and clear, or without any encumbrances or limitations.