An Arizona Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that transfers ownership of both the surface and mineral rights of a property in Arizona to a new owner. This type of deed is commonly used in real estate transactions involving land that contains valuable mineral resources, particularly coal. The Arizona Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal ensures that the seller, also known as the granter, guarantees clear ownership of both the surface and mineral rights to the buyer, known as the grantee. It provides a legally binding assurance that the seller is conveying all their rights and interests in the property to the buyer, including any mineral deposits found beneath the surface. The phrase "With Reservation of All Coal" in the deed indicates that while the seller is transferring the ownership of the surface and mineral rights, they are reserving the exclusive right to the coal deposits present on the property. This reservation allows the seller to retain control over the extraction and mining of the coal, even though they no longer own the property itself. There may be different variations or additional types of Arizona Warranty Deeds for Surface and Mineral Interests, each with specific provisions or considerations. These could include: 1. Arizona Warranty Deed for Surface and Mineral Interests, With Reservation of Specific Minerals: This type of deed allows the seller to reserve specific mineral rights, such as gold, silver, or oil, instead of reserving all minerals generally. 2. Arizona Special Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal: Unlike a general warranty deed, a special warranty deed only guarantees clear title for the period in which the seller owned the property. This type of deed provides limited protection to the buyer regarding any potential defects in title prior to the seller's ownership. 3. Arizona Quitclaim Deed for Surface and Mineral Interests, With Reservation of All Coal: A quitclaim deed is often used when the granter is not guaranteeing clear title. This type of deed transfers the property "as-is," without any warranties or guarantees. The reservation of coal rights would still be applicable to a quitclaim deed in this context. It is essential to consult with a qualified attorney or title company when dealing with the transfer of surface and mineral interests in Arizona. They can provide guidance on the specific requirements and options available, ensuring a smooth and legally compliant transaction.
Arizona Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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General Warranty Deed in Arizona The deed includes a guarantee from the grantor (seller) that they hold the title free and clear without any encumbrances on the property. This provides the grantee (buyer) the assurance that they can take ownership of the property without any parties making claims to it.
Arizona Property Search (4 steps) Go to the Arizona Secretary of State's County Elections page and locate the county in which the property is located. Click on the county website and look for the ?recorder? information. ... Click on ?recorded docs? on the left-hand column and you will be brought to the Recorder's page. Arizona Deed Forms - eForms eforms.com ? deeds eforms.com ? deeds
A special warranty deed guarantees two things: The grantor owns, and can sell, the property; and the property incurred no encumbrances during his ownership. A special warranty deed is more limited than the more common general warranty deed, which covers the entire history of the property.
The most common deed form in Arizona is the warranty deed. Warranty deeds provide protection to the buyer in the form of a warranty by the seller that guarantees no issues with the title. Arizona Deeds and Vesting ? Blueprint Title blueprinttitle.com ? arizona-deeds-and-vesting blueprinttitle.com ? arizona-deeds-and-vesting
Unlike a general warranty deed, a special warranty deed doesn't cover title claims over the property's entire history. It only guarantees against title issues that occurred when the seller owned the home. 4 Deed Types in Arizona Real Estate Transactions - AceableAgent aceableagent.com ? blog ? 4-deed-types-ariz... aceableagent.com ? blog ? 4-deed-types-ariz...
The general warranty deed offers the grantee the most protection. Understanding Property Deeds - Investopedia investopedia.com ? articles ? realestate ? pro... investopedia.com ? articles ? realestate ? pro...
Cons: Fewer protections for buyers, who are now responsible for addressing any previous liens or claims for the property. Lenders and title companies may refuse to help buyers secure financing or title insurance for a property sold under special warranty.