This form is one of the Uniform Conveyancing Blanks developed by Minnesota Uniform Conveyancing Blanks Commission pursuant to Minnesota Code Section 507.09. These forms, which pertain to the transfer of legal title of property from one person to another, or the granting of an encumbrance such as a mortgage or a lien, have been approved by the Commissioner of Commerce. The form is available here in PDF format.
The Hennepin Minnesota Limited Warranty Deed — Individual to BusinesEntityit— - UCBC Form 10.2.3 is a legally binding document used in Hennepin County, Minnesota, when transferring ownership of real estate from an individual to a business entity. This type of deed provides certain guarantees regarding the title's validity and the transferor's ownership rights. The purpose of this document is to ensure that the business entity takes possession of the property with a clean title, free from any undisclosed encumbrances or claims. It also signifies the transferor's agreement to defend the title against any future claims that may arise. Hennepin County offers different versions of the Limited Warranty Deed — Individual to BusinesEntityit— - UCBC Form 10.2.3, named based on specific property transfer scenarios or additional features. Some of these variations may include: 1. General Transfer: This refers to a standard transfer of property from an individual seller to a business entity buyer. It ensures that the transferor possesses the legal right to sell the property and that it is free from any undisclosed liens or encumbrances. 2. Special Warranty Deed: This version is often used when the transferor wants to provide a limited warranty for a specific period. This warranty protects against claims arising only during the ownership period of the transferor, rather than from all previous owners. 3. All-Inclusive Limited Warranty Deed: This variation is usually employed when the transferor assumes responsibility not only for their period of ownership but also for any previous owners. It provides the broadest warranty protection by covering all defects, encumbrances, or claims from prior ownership. 4. Limited Warranty Deed with Affidavit of Title: This version incorporates an additional Affidavit of Title, signed by the transferor, which confirms the ownership status and provides further assurances regarding the title's validity. Before using any of these variations, it is crucial to understand the specific requirements and considerations associated with each type. Consulting with a legal professional is highly recommended ensuring the deed aligns with all legal regulations and adequately protects the parties involved in the property transfer. In conclusion, the Hennepin Minnesota Limited Warranty Deed — Individual to BusinesEntityit— - UCBC Form 10.2.3 is a vital legal document used for transferring property ownership from an individual to a business entity in Hennepin County, Minnesota. It guarantees a clean title and may have different versions based on warranty scope, additional affidavits, or specific transfer scenarios.The Hennepin Minnesota Limited Warranty Deed — Individual to BusinesEntityit— - UCBC Form 10.2.3 is a legally binding document used in Hennepin County, Minnesota, when transferring ownership of real estate from an individual to a business entity. This type of deed provides certain guarantees regarding the title's validity and the transferor's ownership rights. The purpose of this document is to ensure that the business entity takes possession of the property with a clean title, free from any undisclosed encumbrances or claims. It also signifies the transferor's agreement to defend the title against any future claims that may arise. Hennepin County offers different versions of the Limited Warranty Deed — Individual to BusinesEntityit— - UCBC Form 10.2.3, named based on specific property transfer scenarios or additional features. Some of these variations may include: 1. General Transfer: This refers to a standard transfer of property from an individual seller to a business entity buyer. It ensures that the transferor possesses the legal right to sell the property and that it is free from any undisclosed liens or encumbrances. 2. Special Warranty Deed: This version is often used when the transferor wants to provide a limited warranty for a specific period. This warranty protects against claims arising only during the ownership period of the transferor, rather than from all previous owners. 3. All-Inclusive Limited Warranty Deed: This variation is usually employed when the transferor assumes responsibility not only for their period of ownership but also for any previous owners. It provides the broadest warranty protection by covering all defects, encumbrances, or claims from prior ownership. 4. Limited Warranty Deed with Affidavit of Title: This version incorporates an additional Affidavit of Title, signed by the transferor, which confirms the ownership status and provides further assurances regarding the title's validity. Before using any of these variations, it is crucial to understand the specific requirements and considerations associated with each type. Consulting with a legal professional is highly recommended ensuring the deed aligns with all legal regulations and adequately protects the parties involved in the property transfer. In conclusion, the Hennepin Minnesota Limited Warranty Deed — Individual to BusinesEntityit— - UCBC Form 10.2.3 is a vital legal document used for transferring property ownership from an individual to a business entity in Hennepin County, Minnesota. It guarantees a clean title and may have different versions based on warranty scope, additional affidavits, or specific transfer scenarios.
