Warranty Deed In Mississippi

• Category: Real Estate - Deeds - Warranty
• State: Mississippi
• Control #: MS-07-78
• Format: Word; Rich Text

Description

The Warranty Deed in Mississippi is a legal document used to transfer ownership of real property from an individual (the Grantor) to a Limited Liability Company (the Grantee). This form acknowledges the receipt of valuable consideration, typically a nominal amount such as ten dollars, signifying the transaction. Key features of the Warranty Deed include the detailed identification of the property being conveyed, including legal descriptions which may be attached as an exhibit. Importantly, the form also addresses the reservation of oil, gas, and minerals, indicating that such rights are retained by the Grantor unless explicitly stated otherwise. Additionally, the deed accounts for the proration of ad valorem taxes between the Grantor and Grantee, ensuring clarity on tax obligations post-sale. Filling and editing instructions emphasize the need for accurate completion of the parties' names, addresses, and the property description. Target users such as attorneys, paralegals, and legal assistants will find this form essential for facilitating property transactions, ensuring compliance with state laws, and providing legal protection for both parties. Overall, the Warranty Deed is a crucial tool for property owners and legal professionals engaged in real estate dealings, capturing all necessary details for a lawful transfer.