West Virginia Granting Clause

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• Control #: US-OG-498
• Format: Word; Rich Text

Description

The Granting Clause form, the the receipt and sufficiency of which is acknowledged, assignor grants, assigns, and conveys, without warranty of title, either express, implied or statutory, to assignee. The West Virginia Granting Clause is a legal provision used in real estate contracts in the state of West Virginia. This clause is typically included in deeds or other transfer documents to define and outline the rights, interests, and limitations associated with the property being transferred. The primary purpose of the West Virginia Granting Clause is to convey and assure the transfer of the property's ownership from the current owner (granter) to the new owner (grantee). It serves as a legal mechanism to guarantee that the granter possesses the legal authority to transfer the property rights and that the grantee will hold clear title to the property. Within West Virginia, there are several types of Granting Clauses that can be utilized in real estate transactions, depending on the specific circumstances or intentions of the parties involved: 1. General Warranty Deed Granting Clause: This type of Granting Clause offers the highest level of protection for the grantee. It ensures that the granter guarantees clear title to the property and provides various covenants, such as the covenant of basin (certifying the granter's ownership rights), covenant against encumbrances (certifying that the property is free from liens), and covenant of quiet enjoyment (promising that the grantee will not be disturbed by third-party claims). 2. Special Warranty Deed Granting Clause: In this case, the granter provides a limited warranty within the Granting Clause. It ensures that the granter has only defended the title against any claims that may have arisen during their ownership, rather than guaranteeing against any claims throughout the property's entire history. 3. Quitclaim Deed Granting Clause: This type of Granting Clause offers the least amount of protection for the grantee. It simply conveys the granter's interest in the property without any warranties or assurances about the property's status or title. The granter essentially transfers any interest they may have, if any, without guaranteeing ownership or possession of the property. It is important to carefully review and understand the Granting Clause within a real estate contract, as it defines the extent of the granter's responsibility and the grantee's rights in the property. Consulting with a qualified real estate attorney is advisable in order to ensure the proper interpretation and execution of the Granting Clause within West Virginia's legal framework.

The West Virginia Granting Clause is a legal provision used in real estate contracts in the state of West Virginia. This clause is typically included in deeds or other transfer documents to define and outline the rights, interests, and limitations associated with the property being transferred. The primary purpose of the West Virginia Granting Clause is to convey and assure the transfer of the property's ownership from the current owner (granter) to the new owner (grantee). It serves as a legal mechanism to guarantee that the granter possesses the legal authority to transfer the property rights and that the grantee will hold clear title to the property. Within West Virginia, there are several types of Granting Clauses that can be utilized in real estate transactions, depending on the specific circumstances or intentions of the parties involved: 1. General Warranty Deed Granting Clause: This type of Granting Clause offers the highest level of protection for the grantee. It ensures that the granter guarantees clear title to the property and provides various covenants, such as the covenant of basin (certifying the granter's ownership rights), covenant against encumbrances (certifying that the property is free from liens), and covenant of quiet enjoyment (promising that the grantee will not be disturbed by third-party claims). 2. Special Warranty Deed Granting Clause: In this case, the granter provides a limited warranty within the Granting Clause. It ensures that the granter has only defended the title against any claims that may have arisen during their ownership, rather than guaranteeing against any claims throughout the property's entire history. 3. Quitclaim Deed Granting Clause: This type of Granting Clause offers the least amount of protection for the grantee. It simply conveys the granter's interest in the property without any warranties or assurances about the property's status or title. The granter essentially transfers any interest they may have, if any, without guaranteeing ownership or possession of the property. It is important to carefully review and understand the Granting Clause within a real estate contract, as it defines the extent of the granter's responsibility and the grantee's rights in the property. Consulting with a qualified real estate attorney is advisable in order to ensure the proper interpretation and execution of the Granting Clause within West Virginia's legal framework.