Utah 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. Utah Warranty Deed for Surface with Limited Warranty is a legal document that conveys ownership of real property in Utah while providing limited warranty protection to the grantee (buyer). This type of warranty deed guarantees that the granter (seller) holds clear title to the property and has the right to sell it, but doesn't provide an extensive warranty as in a general warranty deed. In Utah, two types of Warranty Deeds for Surface with Limited Warranty are commonly used: 1. Utah Warranty Deed for Surface with Limited Warranty — Individual: This type of warranty deed is used when an individual (natural person) is selling the property and wants to transfer ownership with limited warranty protection. It contains the essential elements of a warranty deed while limiting the warranties provided. 2. Utah Warranty Deed for Surface with Limited Warranty — Corporation: This form is used when a corporation or a business entity is selling the property and wishes to convey ownership with limited warranty protection. It includes the necessary provisions tailored to corporate entities involved in the transaction. The Utah Warranty Deed for Surface with Limited Warranty typically includes various key elements: 1. Granter and Grantee information: Full legal names, addresses, and contact details of the seller (granter) and the buyer (grantee). 2. Property description: A detailed legal description of the property being transferred, including the boundaries, lot numbers, and any other identifying information necessary for accurate identification. 3. Consideration: It states the agreed-upon price or consideration for the property and how it will be paid. 4. Limited warranty clause: Specifies the extent of warranty provided by the granter, usually stating that they warrant to defend the title against only the claims arising from their actions. 5. Encumbrances: Discloses all known encumbrances on the property, such as liens, mortgages, easements, or restrictions, limiting the warranty provided by the granter to these encumbrances only. 6. Acknowledgment and signatures: Both parties involved in the transaction must sign the deed, typically in the presence of a notary public, to ensure its validity. It's important to note that while a Utah Warranty Deed for Surface with Limited Warranty provides some protection to the grantee, it offers fewer guarantees compared to a general warranty deed, which provides broader coverage against any claims that may arise. Therefore, it is advisable for individuals buying property to consult real estate professionals or attorneys to ensure a thorough understanding of the type of warranty being granted.

Utah Warranty Deed for Surface with Limited Warranty is a legal document that conveys ownership of real property in Utah while providing limited warranty protection to the grantee (buyer). This type of warranty deed guarantees that the granter (seller) holds clear title to the property and has the right to sell it, but doesn't provide an extensive warranty as in a general warranty deed. In Utah, two types of Warranty Deeds for Surface with Limited Warranty are commonly used: 1. Utah Warranty Deed for Surface with Limited Warranty — Individual: This type of warranty deed is used when an individual (natural person) is selling the property and wants to transfer ownership with limited warranty protection. It contains the essential elements of a warranty deed while limiting the warranties provided. 2. Utah Warranty Deed for Surface with Limited Warranty — Corporation: This form is used when a corporation or a business entity is selling the property and wishes to convey ownership with limited warranty protection. It includes the necessary provisions tailored to corporate entities involved in the transaction. The Utah Warranty Deed for Surface with Limited Warranty typically includes various key elements: 1. Granter and Grantee information: Full legal names, addresses, and contact details of the seller (granter) and the buyer (grantee). 2. Property description: A detailed legal description of the property being transferred, including the boundaries, lot numbers, and any other identifying information necessary for accurate identification. 3. Consideration: It states the agreed-upon price or consideration for the property and how it will be paid. 4. Limited warranty clause: Specifies the extent of warranty provided by the granter, usually stating that they warrant to defend the title against only the claims arising from their actions. 5. Encumbrances: Discloses all known encumbrances on the property, such as liens, mortgages, easements, or restrictions, limiting the warranty provided by the granter to these encumbrances only. 6. Acknowledgment and signatures: Both parties involved in the transaction must sign the deed, typically in the presence of a notary public, to ensure its validity. It's important to note that while a Utah Warranty Deed for Surface with Limited Warranty provides some protection to the grantee, it offers fewer guarantees compared to a general warranty deed, which provides broader coverage against any claims that may arise. Therefore, it is advisable for individuals buying property to consult real estate professionals or attorneys to ensure a thorough understanding of the type of warranty being granted.