What is the difference between a general warranty deed and a limited warranty deed in Georgia?

A warranty deed's warranty covers the property's entire history, while a limited warranty deed's warranty covers only the period during which the grantor owned the real estate.

What is a special warranty deed in Virginia?

A Virginia special warranty deed allows the transfer of property ownership with the guarantee that it is free of liens and encumbrances during the grantor's period only. Any claims made before the grantor's ownership period are the responsibility of the grantee (if any exist).

Is a limited warranty deed the same as a warranty deed?

A special warranty deed?also known as a limited warranty deed?is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.

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Mineral Deed with Limited Warranty

Virginia Mineral Deed with Limited Warranty

Name: Virginia Mineral Deed with Limited Warranty
Brand: US Legal Forms
Rating: 4.81 (372 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

Control #:

US-OG-061

Format:

Instant download

Description

This form of deed conveys an undivided interest in minerals in specific lands. A Virginia Mineral Deed with Limited Warranty is a legal document that conveys ownership rights of mineral interests in real estate located in the state of Virginia. This type of deed provides a limited warranty, which means the granter guarantees that they have not transferred the property to anyone else, and that there are no undisclosed encumbrances on the property. Virginia Mineral Deed with Limited Warranty is typically used when an individual or entity wants to transfer the ownership of mineral rights to another party. It is important to note that a mineral deed only pertains to the mineral rights associated with the property, not the surface rights. There are different variations of Virginia Mineral Deeds with Limited Warranty, which include: 1. Virginia Oil and Gas Limited Warranty Deed: This type of mineral deed specifically relates to the ownership transfer of oil and gas rights in Virginia. 2. Virginia Coal Limited Warranty Deed: This particular mineral deed is used exclusively for transferring coal mining rights within the state of Virginia. 3. Virginia Metallic Minerals Limited Warranty Deed: This type of mineral deed is designed for the transfer of ownership in metallic mineral rights such as gold, silver, copper, or any other metallic minerals located in Virginia. 4. Virginia Non-Metallic Minerals Limited Warranty Deed: This specific mineral deed applies to the transfer of ownership in non-metallic mineral rights, including resources like sand, gravel, limestone, or clay found in Virginia. When drafting a Virginia Mineral Deed with Limited Warranty, it is crucial to include the property description along with a comprehensive legal description of the mineral rights being conveyed. Additionally, the names of the granter (person transferring the ownership) and the grantee (person receiving the ownership) should be clearly mentioned. The deed should be signed and notarized to ensure its legal validity. It is important to seek legal counsel when preparing or executing a Virginia Mineral Deed with Limited Warranty to ensure compliance with all applicable laws and regulations.

A Virginia Mineral Deed with Limited Warranty is a legal document that conveys ownership rights of mineral interests in real estate located in the state of Virginia. This type of deed provides a limited warranty, which means the granter guarantees that they have not transferred the property to anyone else, and that there are no undisclosed encumbrances on the property. Virginia Mineral Deed with Limited Warranty is typically used when an individual or entity wants to transfer the ownership of mineral rights to another party. It is important to note that a mineral deed only pertains to the mineral rights associated with the property, not the surface rights. There are different variations of Virginia Mineral Deeds with Limited Warranty, which include: 1. Virginia Oil and Gas Limited Warranty Deed: This type of mineral deed specifically relates to the ownership transfer of oil and gas rights in Virginia. 2. Virginia Coal Limited Warranty Deed: This particular mineral deed is used exclusively for transferring coal mining rights within the state of Virginia. 3. Virginia Metallic Minerals Limited Warranty Deed: This type of mineral deed is designed for the transfer of ownership in metallic mineral rights such as gold, silver, copper, or any other metallic minerals located in Virginia. 4. Virginia Non-Metallic Minerals Limited Warranty Deed: This specific mineral deed applies to the transfer of ownership in non-metallic mineral rights, including resources like sand, gravel, limestone, or clay found in Virginia. When drafting a Virginia Mineral Deed with Limited Warranty, it is crucial to include the property description along with a comprehensive legal description of the mineral rights being conveyed. Additionally, the names of the granter (person transferring the ownership) and the grantee (person receiving the ownership) should be clearly mentioned. The deed should be signed and notarized to ensure its legal validity. It is important to seek legal counsel when preparing or executing a Virginia Mineral Deed with Limited Warranty to ensure compliance with all applicable laws and regulations.

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FAQ

While the seller in a Warranty Deed must defend the title against all other claims and compensate the buyer for any unsettled debts or damages, the seller in a Special Warranty Deed is only responsible for debts and problems accrued or caused during his ownership of the property.

A warranty deed's warranty covers the property's entire history, while a limited warranty deed's warranty covers only the period during which the grantor owned the real estate.

General Warranty Deed A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.

A Virginia special warranty deed allows the transfer of property ownership with the guarantee that it is free of liens and encumbrances during the grantor's period only. Any claims made before the grantor's ownership period are the responsibility of the grantee (if any exist).

Both deeds contain a promise that the grantor is conveying clear title to the property. But, the difference between the general warranty and limited warranty is the duration of that promise.

A special warranty deed?also known as a limited warranty deed?is a variation of the general warranty deed. While the word "special" may communicate to a buyer the idea that the deed is of higher quality, the special warranty deed is less comprehensive. It offers less protection due to the limited timeframe it covers.

A fiduciary deed differs from other types of deeds, such as warranty deeds and quitclaim deeds, in that it does not guarantee the title to the property. Rather, it simply transfers the ownership of the property from the original owner to the new owner.

Warranty deeds are the safer option when buying property versus simply transferring ownership. Most buyers will want this option. If it is discovered that the seller did not have complete ownership of the property, the buyer can sue for breach of warranty.

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Examine the similar document templates or start the search over to find the appropriate file. Click Buy now and create your account. If you already have an ... Download Mineral Deed with Limited Warranty straight from the US Legal Forms web site. It offers a wide variety of professionally drafted and lawyer-approved ...Jan 13, 2021 — A completed limited warranty deed contains: The name and address for the seller (grantor) and the purchaser (grantee). Apr 27, 2023 — Virginia special warranty deed form to transfer Virginia real estate. Attorney-designed and state-specific. Get a customized deed online. You will need to obtain this form from your County Recorder. The Grantor must fill out a Declaration of Value, Ground Water Hazard Statement and pay transfer ... Special Warranty Deed In its most usual form, a warranty is only against claims held by, through, or under the grantor. Fill out the warranty deed. Use the Virginia deed form template (see Resources) to fill in the blanks, such as your name as the current owner, the name of the ... Make the steps below to complete Mineral Deed with Limited Warranty online easily and quickly: Sign in to your account. Sign up with your credentials or ... Mineral Deed (With Limited Warranty) · Stipulation of Ownership of Mineral ... Quit Claim Deed (Mineral - Royalty Interest). Deeds - Royalty. Commingling and ... Feb 21, 2017 — I found a general warranty deed for mineral rights only no surface rights/land is involved , the grantor has kept lifetime mineral rights ...

Virginia Mineral Deed with Limited Warranty

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FAQ

What is the difference between a special and general warranty deed?

What is the difference between a general warranty deed and a limited warranty deed in Georgia?

What type of deed offers the greatest protection of any deed?

What is a special warranty deed in Virginia?

What is the primary difference between a general warranty deed and a limited warranty deed?

Is a limited warranty deed the same as a warranty deed?

What is the difference between a warranty deed and a fiduciary deed?

What is the safest type of deed?

Interesting Questions

What is a Mineral Deed with Limited Warranty?

What are mineral rights?

What does limited warranty mean?

Why would someone use a Mineral Deed with Limited Warranty?

Is a Mineral Deed with Limited Warranty legally binding?

What does it mean to transfer mineral rights by a deed?

Are all mineral rights conveyed in a Mineral Deed with Limited Warranty?

What happens if there is a dispute over the title or ownership of the minerals?

Can a Mineral Deed with Limited Warranty be modified or customized?

What other types of mineral deeds exist?

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