Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership rights to both surface and mineral interests in real estate. This deed provides a guarantee, or warranty, that the granter has clear title and legal right to transfer these interests to the grantee. The Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Granters can be further categorized into different types based on specific scenarios or conditions. Some of these variations include: 1. Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Granters — Individual to Individual: This type of warranty deed is used when an individual granter intends to transfer surface and mineral interests to another individual grantee. It ensures that both the surface and mineral rights are transferred without any encumbrances. 2. Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Granters — Multiple Individuals to Individual: In cases where multiple individuals collectively grant surface and mineral interests to a single individual, this type of warranty deed is employed. It guarantees that all granters have cleared any claims or liens on the property before transferring their interests. 3. Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Granters — Entity to Individual: This variation of warranty deed is applicable when legal entities, such as corporations or partnerships, grant surface and mineral interests to an individual. It ensures that the entity has the authority and rights to convey these interests, providing the grantee with legal protection. It is important to note that regardless of the specific type of Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Granters, all variations serve the purpose of transferring ownership with a guarantee of clear title. These deeds are typically recorded in the county where the property is located, ensuring a public record of the transfer and protecting the interests of all parties involved. When executing this type of warranty deed, it is recommended to seek advice from a qualified real estate attorney to ensure compliance with Arkansas state laws and to address any unique circumstances or considerations related to the surface and mineral interests being transferred.
Arkansas Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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FAQ
The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.
General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.
There are two sides to a transaction. In real estate, a grantee is the recipient of the property, and the grantor is a person that transfers ownership rights of a property to another person.
The deed must be acknowledged and notarized by a notary public in Arkansas. Per § 18-12-102 of the Arkansas Code, a warranty deed must contain the words ?grant, bargain, and sell? when stating how the property is being transferred.
Covenants of Quiet Enjoyment and Warranty A covenant of warranty provides that the grantor will protect and defend the grantee against any title claims from third parties. A covenant of warranty may also include a promise from the grantor to compensate the grantee for any losses they may incur from third parties.
While a special warranty deed conveys fee simple title and provides the same five covenants of title that a general warranty deed does, to wit: the covenant of seisin. covenant of the right to convey. covenant against encumbrances.
The General Warranty Deed A general warranty deed provides the highest level of protection for the buyer because it includes significant covenants or warranties conveyed by the grantor to the grantee.
A mineral deed is just like a warranty deed, accept it only transfers the minerals in the sub surface of a property. A warranty deed can be used transfer both the surface, and mineral rights. But a mineral deed can only be used to transfer the minerals.