District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal A District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that allows the transfer of ownership of both surface rights and mineral rights, specifically coal reserves, in the District of Columbia. This type of deed provides a guarantee from the seller or granter to the buyer or grantee that they are the rightful owner of the property being conveyed and that they have the authority to transfer the surface and mineral interests. The District of Columbia recognizes the importance of accurately documenting and transferring surface and mineral interests, particularly when coal reserves are involved. This specialized deed ensures a comprehensive transfer of ownership, guaranteeing the buyer receives both the surface and mineral rights, while allowing the seller to reserve all coal rights in the property for themselves. Keywords: District of Columbia, Warranty Deed, Surface Rights, Mineral Interests, Reservation, All Coal, Transfer of Ownership, Legal Document, Granter, Grantee, Property, Conveyance, Guarantee, Seller, Buyer, Coal Reserves. Different types of District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal may include variations in terms of property size, specific coal reserves, and additional reservations or exceptions to the rights being transferred. Common variations might include: 1. District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of Specific Coal Reserves: This type of deed allows the seller to retain ownership rights to a specified amount or location of coal reserves on the property being transferred. The buyer would still receive ownership of the surface and remaining mineral rights. 2. District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal and Other Mineral Rights: In this case, the seller reserves not only all coal rights but also other types of mineral rights, such as oil, gas, or precious metals. The buyer would only receive ownership of the surface rights and any non-reserved mineral interests. 3. District of Columbia Warranty Deed for Surface and Mineral Interests, With Limited Reservation of Coal Rights: This variation allows the seller to reserve a limited percentage or specific duration of the coal rights, while transferring the majority or long-term rights to the buyer. This allows for a shared ownership or temporary reservation arrangement. 4. District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal and Right of First Refusal: This type of deed grants the buyer the surface and mineral rights but includes a provision giving the seller the right to buy back the coal reserves should the buyer decide to sell or transfer them in the future. These variations in the District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal demonstrate the flexibility and customization available in tailoring deeds to specific property characteristics and the preferences of the parties involved.
District of Columbia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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Hear this out loud PauseWhat are Outstanding and Reserved mineral rights? Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States.
Hear this out loud PauseA 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 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.
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.
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.
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.
Hear this out loud PauseA 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.
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.