District of Columbia Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership of both the surface and mineral rights of a property located in the District of Columbia. This deed provides a warranty, guaranteeing that the property is free from any defects in title and that the granters have the legal authority and right to transfer the interests. In the District of Columbia, there are different types of Warranty Deeds for Surface and Mineral Interests with Multiple Granters, including: 1. General Warranty Deed: This type of deed offers the highest level of protection for the grantee, as it provides a guarantee against any defects in title, including those that may have arisen prior to the granter's ownership of the property. 2. Special Warranty Deed: This type of deed is similar to a general warranty deed, but the granter's warranty only extends to defects that may have arisen during their ownership of the property. It does not offer protection against any defects that may have existed prior to their ownership. 3. Quitclaim Deed: While not as common for surface and mineral interests, a quitclaim deed may also be used in the District of Columbia. This deed offers the least protection to the grantee, as it simply transfers the granter's interests without any warranty or guarantee of title. The District of Columbia Warranty Deed for Surface and Mineral Interests with Multiple Granters typically includes the following information: 1. Granter's Information: Names and addresses of all the granters involved in the transaction, who are transferring their interests in the property. 2. Grantee's Information: Name and address of the individual or entity who will be receiving the interests in the property. 3. Property Description: Detailed description of the property, including its legal description, address, boundaries, and any relevant survey or plat information. 4. Surface and Mineral Interests: Clear identification of both the surface and mineral interests being transferred by the granters to the grantee. 5. Consideration: The amount or exchange value agreed upon by the parties. 6. Warranties and Covenants: The specific warranties and covenants offered by the granters, depending on the type of warranty deed being used. 7. Signatures and Notary Acknowledgment: All granters must sign the deed, and their signatures must be notarized to ensure the document's authenticity. It is important to consult with a qualified attorney or legal professional to ensure that the District of Columbia Warranty Deed for Surface and Mineral Interests with Multiple Granters is accurately prepared, executed, and recorded according to the specific requirements of the District of Columbia jurisdiction.
District of Columbia Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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How to fill out Warranty Deed For Surface And Mineral Interests With Multiple Grantors?
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FAQ
A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.
Hear this out loud PauseIn summary, the guarantee offered by a general warranty deed but not a special warranty deed is the seller's defense against all claims against the property's title, regardless of whether these claims arose before or during the seller's ownership period.
Mineral rights deeds are not the same as royalty deeds. Royalty deeds do not allow for surface access, or for the initiation of the extraction and sale of minerals. A royalty owner will only benefit economically if the mineral owner decides to produce and sell the minerals.
Hear this out loud PauseA warranty deed absolutely guarantees a good, clear title, but a grant deed guarantees only that the transferor has done nothing to harm the property's title.
How to fill out warranty deed texas: Begin by obtaining the correct form for a warranty deed in Texas. ... Fill in the necessary information on the form, including the names and addresses of both the grantor (current owner) and the grantee (new owner). Provide a detailed legal description of the property being transferred.
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.
A special warranty deed is a deed to real estate where the seller of the property?known as the grantor?warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.
Hear this out loud PauseGranting Clause: The clause in the deed that lists the grantor and the grantee and states that the property is being transferred between the parties.