Collin Texas Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Collin
• Control #: US-OG-320
• Format: Word; Rich Text

Description

This form of deed conveys the surface estate in existing lands pursuant to a contract of sale. A Collin Texas Warranty Deed for Surface with Limited Warranty is a legal document used to transfer the ownership of a property located in Collin County, Texas. This deed ensures that the seller (granter) has the legal right to transfer the property to the buyer (grantee). The limited warranty included in this deed guarantees that the granter will defend the buyer's title against any third-party claims arising from the granter's ownership of the property. However, it does not provide protection against any undisclosed defects or issues with the property that may arise in the future. There are different types of Collin Texas Warranty Deeds for Surface with Limited Warranty, including: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection for the buyer. It guarantees the title against any claims, including those arising from previous ownership. 2. Special Warranty Deed: With this type of warranty deed, the granter guarantees the title only against claims arising during their period of ownership. Previous owners' claims are not covered. 3. Quitclaim Deed: While not a warranty deed, it is worth mentioning that a quitclaim deed transfers the ownership rights of a property without any warranties or guarantees. This type of deed is often used in family transfers or transactions where the granter does not want to assume any liability for the property. 4. Bargain and Sale Deed: This type of warranty deed guarantees that the granter holds the title to the property but provides no warranties against any claims or issues arising from previous ownership. When preparing a Collin Texas Warranty Deed for Surface with Limited Warranty, it is crucial to include accurate and detailed information about the property, including its legal description, address, and any encumbrances or restrictions. Both parties must sign the deed in the presence of a notary public and file it with the appropriate county recorder's office to make the transfer of ownership legally binding. Remember, it is always recommended seeking legal advice before entering into any real estate transactions to ensure that your rights and interests are protected.

A Collin Texas Warranty Deed for Surface with Limited Warranty is a legal document used to transfer the ownership of a property located in Collin County, Texas. This deed ensures that the seller (granter) has the legal right to transfer the property to the buyer (grantee). The limited warranty included in this deed guarantees that the granter will defend the buyer's title against any third-party claims arising from the granter's ownership of the property. However, it does not provide protection against any undisclosed defects or issues with the property that may arise in the future. There are different types of Collin Texas Warranty Deeds for Surface with Limited Warranty, including: 1. General Warranty Deed: This type of warranty deed offers the highest level of protection for the buyer. It guarantees the title against any claims, including those arising from previous ownership. 2. Special Warranty Deed: With this type of warranty deed, the granter guarantees the title only against claims arising during their period of ownership. Previous owners' claims are not covered. 3. Quitclaim Deed: While not a warranty deed, it is worth mentioning that a quitclaim deed transfers the ownership rights of a property without any warranties or guarantees. This type of deed is often used in family transfers or transactions where the granter does not want to assume any liability for the property. 4. Bargain and Sale Deed: This type of warranty deed guarantees that the granter holds the title to the property but provides no warranties against any claims or issues arising from previous ownership. When preparing a Collin Texas Warranty Deed for Surface with Limited Warranty, it is crucial to include accurate and detailed information about the property, including its legal description, address, and any encumbrances or restrictions. Both parties must sign the deed in the presence of a notary public and file it with the appropriate county recorder's office to make the transfer of ownership legally binding. Remember, it is always recommended seeking legal advice before entering into any real estate transactions to ensure that your rights and interests are protected.