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 forms are available here in PDF format.
A warranty deed is a legal document used in real estate transactions to transfer property ownership from one person (or entity) to another. In Saint Paul, Minnesota, the warranty deed specifically from individuals to individuals is known as the CBC Form 10.1.1. This form ensures a seamless transfer of property rights and provides certain assurances and protections to the buyer. CBC Form 10.1.1 includes essential details, such as the names of the individuals involved in the transaction, a clear legal description of the property being transferred, and the purchase price or consideration for the sale. It also guarantees that the seller (granter) legally owns the property and has the right to transfer it to the buyer (grantee), promising that no other party has valid legal claims over the property. This warranty deed implies several key elements, including covenants or promises made by the granter: 1. Covenant of Basin: This covenant assures the granter's legal ownership and right to transfer the property. It states that the granter possesses full legal title and has the authority to sell it. 2. Covenant of Quiet Enjoyment: The granter promises that the grantee will not face any future legal disputes over the property's ownership or title. Should any issues emerge, the granter will be liable to resolve them. 3. Covenant Against Encumbrances: This guarantees that there are no undisclosed liens, mortgages, or other encumbrances on the property, except for any specifically mentioned in the warranty deed. 4. Covenant of Further Assurance: If any defects or issues arise concerning the title or claim to the property, the granter promises to take necessary actions to rectify them and defend the grantee's ownership rights. It is important to note that several other types of warranty deeds exist in Saint Paul, Minnesota, serving different purposes. These include: 1. General Warranty Deed: Provides the broadest and strongest warranty to the grantee, protecting against all claims, whether arising during or before the granter's ownership. 2. Special Warranty Deed: Provides a more limited warranty compared to the general warranty deed. The granter guarantees that only his/her actions during their ownership period did not create any defects or claims on the property. 3. Quitclaim Deed: Transfers whatever interest the granter may have in the property, without making any warranties or guarantees. It offers the least protection to the grantee, as the granter does not promise or defend against any title issues. In summary, the Saint Paul Minnesota Warranty Deed from Individuals to Individuals CBCBC Form 10.1.1 acts as a legally binding document ensuring the transfer of property rights. It provides important covenants and protections, safeguarding the grantee's ownership interests while reflecting the specific legal requirements under Minnesota law.A warranty deed is a legal document used in real estate transactions to transfer property ownership from one person (or entity) to another. In Saint Paul, Minnesota, the warranty deed specifically from individuals to individuals is known as the CBC Form 10.1.1. This form ensures a seamless transfer of property rights and provides certain assurances and protections to the buyer. CBC Form 10.1.1 includes essential details, such as the names of the individuals involved in the transaction, a clear legal description of the property being transferred, and the purchase price or consideration for the sale. It also guarantees that the seller (granter) legally owns the property and has the right to transfer it to the buyer (grantee), promising that no other party has valid legal claims over the property. This warranty deed implies several key elements, including covenants or promises made by the granter: 1. Covenant of Basin: This covenant assures the granter's legal ownership and right to transfer the property. It states that the granter possesses full legal title and has the authority to sell it. 2. Covenant of Quiet Enjoyment: The granter promises that the grantee will not face any future legal disputes over the property's ownership or title. Should any issues emerge, the granter will be liable to resolve them. 3. Covenant Against Encumbrances: This guarantees that there are no undisclosed liens, mortgages, or other encumbrances on the property, except for any specifically mentioned in the warranty deed. 4. Covenant of Further Assurance: If any defects or issues arise concerning the title or claim to the property, the granter promises to take necessary actions to rectify them and defend the grantee's ownership rights. It is important to note that several other types of warranty deeds exist in Saint Paul, Minnesota, serving different purposes. These include: 1. General Warranty Deed: Provides the broadest and strongest warranty to the grantee, protecting against all claims, whether arising during or before the granter's ownership. 2. Special Warranty Deed: Provides a more limited warranty compared to the general warranty deed. The granter guarantees that only his/her actions during their ownership period did not create any defects or claims on the property. 3. Quitclaim Deed: Transfers whatever interest the granter may have in the property, without making any warranties or guarantees. It offers the least protection to the grantee, as the granter does not promise or defend against any title issues. In summary, the Saint Paul Minnesota Warranty Deed from Individuals to Individuals CBCBC Form 10.1.1 acts as a legally binding document ensuring the transfer of property rights. It provides important covenants and protections, safeguarding the grantee's ownership interests while reflecting the specific legal requirements under Minnesota law.