Tennessee 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 Tennessee Warranty Deed for Surface with Limited Warranty is a legal document used in Tennessee to transfer ownership of real estate property. This type of warranty deed provides limited assurances to the buyer (grantee) regarding the title of the surface area of the property. In a Tennessee Warranty Deed for Surface with Limited Warranty, the seller (granter) guarantees that they own the surface rights to the property and have the legal authority to transfer ownership. The limited warranty means that the granter provides certain limited assurances and will defend against any claims made by previous owners but does not guarantee against any defects or claims that may arise after the transfer. To create a valid Tennessee Warranty Deed for Surface with Limited Warranty, certain elements must be included: 1. Identifying Information: The deed should begin with the names and addresses of both the granter (seller) and the grantee (buyer). It should also specify the county and state where the property is located. 2. Property Description: The deed should include a detailed description of the property, such as the boundary lines, physical features, and any easements or restrictions. 3. Granter's Statement: The granter must clearly state their intention to convey the surface rights of the property to the grantee. 4. Limited Warranty Clause: This section should include specific language to indicate that the granter offers a limited warranty of title, providing certain protections to the grantee against any claims made by previous owners. 5. Granter's Signature: The deed must be signed by the granter in the presence of a notary public. The notary public will acknowledge the granter's signature. Different variations or subtypes of Tennessee Warranty Deed for Surface with Limited Warranty may exist, such as: 1. Tennessee Warranty Deed with Special Warranty: This type of warranty deed provides limited assurances specifically related to the granter's ownership during their own period of ownership, excluding any claims from previous owners. 2. Tennessee Warranty Deed in Trust: This is a warranty deed used when property ownership is being transferred to a trust. The limited warranty assurances are extended to the trustee of the trust. 3. Tennessee Warranty Deed for Partial Interest: This type of warranty deed is used when there are multiple owners of the property, and one owner is transferring their share of the surface rights to another party. In conclusion, a Tennessee Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership of real estate property while providing limited assurances to the buyer regarding the title to the surface area. It is essential to consult with a real estate attorney or relevant legal professional to ensure the deed is correctly drafted and complies with Tennessee state laws.

A Tennessee Warranty Deed for Surface with Limited Warranty is a legal document used in Tennessee to transfer ownership of real estate property. This type of warranty deed provides limited assurances to the buyer (grantee) regarding the title of the surface area of the property. In a Tennessee Warranty Deed for Surface with Limited Warranty, the seller (granter) guarantees that they own the surface rights to the property and have the legal authority to transfer ownership. The limited warranty means that the granter provides certain limited assurances and will defend against any claims made by previous owners but does not guarantee against any defects or claims that may arise after the transfer. To create a valid Tennessee Warranty Deed for Surface with Limited Warranty, certain elements must be included: 1. Identifying Information: The deed should begin with the names and addresses of both the granter (seller) and the grantee (buyer). It should also specify the county and state where the property is located. 2. Property Description: The deed should include a detailed description of the property, such as the boundary lines, physical features, and any easements or restrictions. 3. Granter's Statement: The granter must clearly state their intention to convey the surface rights of the property to the grantee. 4. Limited Warranty Clause: This section should include specific language to indicate that the granter offers a limited warranty of title, providing certain protections to the grantee against any claims made by previous owners. 5. Granter's Signature: The deed must be signed by the granter in the presence of a notary public. The notary public will acknowledge the granter's signature. Different variations or subtypes of Tennessee Warranty Deed for Surface with Limited Warranty may exist, such as: 1. Tennessee Warranty Deed with Special Warranty: This type of warranty deed provides limited assurances specifically related to the granter's ownership during their own period of ownership, excluding any claims from previous owners. 2. Tennessee Warranty Deed in Trust: This is a warranty deed used when property ownership is being transferred to a trust. The limited warranty assurances are extended to the trustee of the trust. 3. Tennessee Warranty Deed for Partial Interest: This type of warranty deed is used when there are multiple owners of the property, and one owner is transferring their share of the surface rights to another party. In conclusion, a Tennessee Warranty Deed for Surface with Limited Warranty is a legal document used to transfer ownership of real estate property while providing limited assurances to the buyer regarding the title to the surface area. It is essential to consult with a real estate attorney or relevant legal professional to ensure the deed is correctly drafted and complies with Tennessee state laws.