This form is a Warranty Deed where the grantor is an individual and the grantee is a trust. Grantor conveys and warrant the described property to trustee of trust less and except all oil, gas and minerals, on and under the property owned by Grantor, if any, which are reserved by Grantor. This deed complies with all state statutory laws.
A Fargo North Dakota warranty deed from an individual to a trust is a legal document that facilitates the transfer of ownership of property from an individual (granter) to a trust (grantee). This type of deed guarantees that the granter holds clear title to the property and has the legal right to transfer it to the trust. The warranty deed also ensures that the granter will defend the title against any claims that may arise. In Fargo, North Dakota, there are several specific types of warranty deeds that can be used to transfer property from an individual to a trust: 1. General Warranty Deed: This type of deed provides the highest level of protection to the grantee. The granter guarantees that the title is clear of any encumbrances or defects, both past, and present. The general warranty deed assures the trust that it will be able to retain the property peacefully. 2. Special Warranty Deed: The special warranty deed also guarantees that the granter has done nothing to compromise the title during their ownership, but only covers defects or encumbrances that occurred during their ownership period. It offers a lesser level of protection compared to the general warranty deed. 3. Quitclaim Deed: A quitclaim deed is often used when the granter is uncertain about the state of the title or does not want to provide any warranties. It transfers any interest the granter has in the property to the trust without guaranteeing the title's validity. This type of deed is the least secure for the grantee. When executing a Fargo North Dakota warranty deed from an individual to a trust, it is recommended to seek legal advice to ensure compliance with the state's specific requirements and to guarantee a smooth transfer of ownership. Importantly, relevant parties should record the executed deed with the appropriate county recorder's office to establish a public record of the property's ownership transfer, providing additional legal protection.
