Montgomery Maryland Warranty Deed for Surface with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• County: Montgomery
• 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. Montgomery Maryland Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a property's surface rights from one party to another, providing limited assurances about the property's title. This type of warranty deed is commonly used in Montgomery County, Maryland, and ensures that the seller guarantees they have the right to sell the surface rights of the property without any encumbrances, except those disclosed in the deed. By executing a Montgomery Maryland Warranty Deed for Surface with Limited Warranty, the seller assures the buyer that they are the lawful owner of the property's surface and have the authority to transfer the surface rights. In addition, the seller warrants that the property is free from any undisclosed liens, restrictions, or encumbrances, except for those specifically mentioned in the deed. There are two primary types of Montgomery Maryland Warranty Deed for Surface with Limited Warranty: 1. General Warranty Deed: With this type of warranty deed, the seller provides the highest level of protection to the buyer. The seller guarantees that they possess full ownership of the property, and they defend the buyer against any claims or challenges to the property's title. This warranty extends not only to the current owner but also to all previous owners. 2. Special Warranty Deed: This type of warranty deed provides a more limited level of protection compared to a general warranty deed. The seller warrants that they have not encumbered the property during their ownership, and they will defend the buyer against any claims that may arise during their ownership period. However, a special warranty deed does not provide protection against claims arising before the seller acquired the property. When executing a Montgomery Maryland Warranty Deed for Surface with Limited Warranty, it is recommended to consult with an experienced real estate attorney to ensure compliance with local laws and regulations. It is essential for both the buyer and the seller to carefully review the terms of the deed before signing it, as it establishes the rights and responsibilities regarding the property's surface rights.

Montgomery Maryland Warranty Deed for Surface with Limited Warranty is a legal document that transfers ownership of a property's surface rights from one party to another, providing limited assurances about the property's title. This type of warranty deed is commonly used in Montgomery County, Maryland, and ensures that the seller guarantees they have the right to sell the surface rights of the property without any encumbrances, except those disclosed in the deed. By executing a Montgomery Maryland Warranty Deed for Surface with Limited Warranty, the seller assures the buyer that they are the lawful owner of the property's surface and have the authority to transfer the surface rights. In addition, the seller warrants that the property is free from any undisclosed liens, restrictions, or encumbrances, except for those specifically mentioned in the deed. There are two primary types of Montgomery Maryland Warranty Deed for Surface with Limited Warranty: 1. General Warranty Deed: With this type of warranty deed, the seller provides the highest level of protection to the buyer. The seller guarantees that they possess full ownership of the property, and they defend the buyer against any claims or challenges to the property's title. This warranty extends not only to the current owner but also to all previous owners. 2. Special Warranty Deed: This type of warranty deed provides a more limited level of protection compared to a general warranty deed. The seller warrants that they have not encumbered the property during their ownership, and they will defend the buyer against any claims that may arise during their ownership period. However, a special warranty deed does not provide protection against claims arising before the seller acquired the property. When executing a Montgomery Maryland Warranty Deed for Surface with Limited Warranty, it is recommended to consult with an experienced real estate attorney to ensure compliance with local laws and regulations. It is essential for both the buyer and the seller to carefully review the terms of the deed before signing it, as it establishes the rights and responsibilities regarding the property's surface rights.