Georgia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used in Georgia to transfer ownership of surface and mineral rights with the specific reservation of all coal reserves. This deed ensures that the granter, the present owner of the property, conveys all of their interests in the surface and mineral rights to the grantee, the individual or entity receiving the rights, while maintaining ownership of any coal reserves found within the property. The Georgia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal provides protection to both parties involved in the transaction. It guarantees that the granter has the legal right to convey the property and its associated rights and ensures the grantee receives a title free of any encumbrances, except for the reserved coal deposits. Keywords: Georgia Warranty Deed, Surface and Mineral Interests, Reservation of All Coal, property transfer, surface rights, mineral rights, legal document, coal reserves, ownership, encumbrances. Types of Georgia Warranty Deeds for Surface and Mineral Interests, With Reservation of All Coal include: 1. General Warranty Deed: This type of deed provides the highest level of protection for the grantee, as the granter guarantees clear and marketable title to the property, including the reserved coal interests. It offers the broadest warranty against any potential defects or claims to the property. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed guarantees title only against the granter's actions or claims during their ownership. It does not protect the grantee against any defects or claims arising from previous owners. However, it does ensure the reservation of all coal interests. 3. Quitclaim Deed: A quitclaim deed transfers the granter's current interest in the property, if any, without guaranteeing the existence or extent of that interest. While it does not provide any warranty, it can be used to convey the surface and mineral rights with the reservation of coal deposits. Before engaging in any real estate transaction involving the transfer of surface and mineral rights in Georgia, it is essential to consult with a qualified attorney or real estate professional to ensure compliance with the state's laws and regulations.
Georgia Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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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.
Special warranty deeds go by many names in different states, including covenant deed, grant deed, and limited warranty deed. The guarantee covers only the period when the seller held title to the property with a special warranty deed.
Both a warranty deed and deed of trust are used to transfer the title of a property from one person to another. However, the difference between these two contracts is who is protected. As you now know, a deed of trust protects the beneficiary (lender). A warranty deed, on the other hand, protects the property owner.
When using a warranty deed, the grantor guarantees that the property has no outstanding title problems and that they, the current owner, have the legal right to sell to the buyer.
General Warranty Deed forms are under FEES AND FORMS. Warranty Deeds require a PT-61 and payment of transfer tax at the time of recording unless exempt; O.C.G.A. §48-6-1; §48-6-2. PT-61's are available online. Forms must be completed online, printed and submitted with deed at the time of recording.
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.
Hear this out loud PauseA warranty deed, also known as a general warranty deed, is a legal real estate document between the seller (grantor) and the buyer (grantee).
Hear this out loud PauseIn Georgia, a limited warranty deed (also known as a special warranty deed) transfers title in fee simple to the grantee with warranties and covenants of title that are limited only to acts arising by, through, or under the grantor.