Pima Arizona Granting Clause

• Category: Oil Gas and Minerals - Assignments
• State: Multi-State
• County: Pima
• Control #: US-OG-498
• Format: Word; Rich Text

Description

The Granting Clause form, the the receipt and sufficiency of which is acknowledged, assignor grants, assigns, and conveys, without warranty of title, either express, implied or statutory, to assignee. The Lima Arizona Granting Clause is a legal provision pertaining to the transfer or conveyance of real property rights in the county of Lima, Arizona. It specifies the rights and conditions under which the property is granted or conveyed from one party to another. The granting clause is an essential component of a deed, acting as a formal statement of the transferor's intention to grant the property and the rights associated with it to the recipient. In Lima, Arizona, there are different types of Granting Clauses that can be found in property deeds, each serving a unique purpose: 1. General Granting Clause: This is the most common type of granting clause and is typically used to convey full ownership rights of the property. It clearly identifies the transferor and the grantee and states the intention of the transferor to convey the property without any encumbrances or limitations. 2. Special Granting Clause: This type of granting clause is used when the transferor wants to include specific conditions or limitations on the grantee's ownership rights. These conditions can vary widely, such as restrictions on land use, building structures, or other limitations imposed by zoning regulations or covenants. 3. Quitclaim Granting Clause: A quitclaim granting clause is commonly used when the transferor wants to transfer any interest or claim they may have in the property to the grantee. However, unlike the general granting clause, it does not guarantee that the transferor holds any actual ownership rights. This type of clause is often used in situations where there may be uncertainty or disputes regarding the property's ownership. 4. Limited Granting Clause: This type of clause is used when the transferor wants to convey only specific rights or interests in the property rather than the entire ownership. It could involve granting an easement, right-of-way, or other limited rights to the grantee while retaining ownership of the remaining property. 5. Special Warranty Granting Clause: In this type of granting clause, the transferor warrants that they have not, during their ownership of the property, performed any actions that may impair the grantee's title. It provides some level of assurance to the grantee by limiting the transferor's liability to actions done during their ownership only. It is important for both parties involved in a property transaction in Lima, Arizona, to understand the specific type of granting clause used in their deed. Seeking legal advice and conducting thorough research is crucial to ensure a clear understanding of the rights and limitations associated with the property transfer.

The Lima Arizona Granting Clause is a legal provision pertaining to the transfer or conveyance of real property rights in the county of Lima, Arizona. It specifies the rights and conditions under which the property is granted or conveyed from one party to another. The granting clause is an essential component of a deed, acting as a formal statement of the transferor's intention to grant the property and the rights associated with it to the recipient. In Lima, Arizona, there are different types of Granting Clauses that can be found in property deeds, each serving a unique purpose: 1. General Granting Clause: This is the most common type of granting clause and is typically used to convey full ownership rights of the property. It clearly identifies the transferor and the grantee and states the intention of the transferor to convey the property without any encumbrances or limitations. 2. Special Granting Clause: This type of granting clause is used when the transferor wants to include specific conditions or limitations on the grantee's ownership rights. These conditions can vary widely, such as restrictions on land use, building structures, or other limitations imposed by zoning regulations or covenants. 3. Quitclaim Granting Clause: A quitclaim granting clause is commonly used when the transferor wants to transfer any interest or claim they may have in the property to the grantee. However, unlike the general granting clause, it does not guarantee that the transferor holds any actual ownership rights. This type of clause is often used in situations where there may be uncertainty or disputes regarding the property's ownership. 4. Limited Granting Clause: This type of clause is used when the transferor wants to convey only specific rights or interests in the property rather than the entire ownership. It could involve granting an easement, right-of-way, or other limited rights to the grantee while retaining ownership of the remaining property. 5. Special Warranty Granting Clause: In this type of granting clause, the transferor warrants that they have not, during their ownership of the property, performed any actions that may impair the grantee's title. It provides some level of assurance to the grantee by limiting the transferor's liability to actions done during their ownership only. It is important for both parties involved in a property transaction in Lima, Arizona, to understand the specific type of granting clause used in their deed. Seeking legal advice and conducting thorough research is crucial to ensure a clear understanding of the rights and limitations associated with the property transfer.