A Kentucky Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used to transfer real estate ownership rights, specifically for surface and mineral interests, while reserving the rights to all coal deposits on the property. This type of deed provides the granter with a warranty that they have full ownership and can legally transfer the surface and mineral rights, including any associated coal deposits. The Kentucky Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a specialized form of warranty deed unique to Kentucky and serves as a comprehensive way to convey property rights while retaining the valuable coal resources. This type of deed ensures that both the granter and grantee have a clear understanding of the respective rights and obligations related to the property. This specific type of warranty deed is crucial in states like Kentucky, known for its abundant coal reserves and historical significance in the coal mining industry. It allows property owners to transfer the surface and mineral rights, while still retaining the rights to coal deposits, which could hold significant financial value. In addition to the standard Kentucky Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal, there may be other variations available depending on individual circumstances and specific legal requirements. Some potential variations may include restrictions or limitations on the use of surface rights, additional provisions for exploration or extraction of minerals other than coal, or specific clauses related to environmental considerations or reclamation obligations associated with coal mining. It is important to consult with a qualified attorney or legal professional experienced in Kentucky real estate law to ensure the appropriate type of warranty deed is used and to accurately address any specific considerations related to the property's surface, mineral, and coal interests. Choosing the right type of warranty deed is vital in protecting both parties' rights and avoiding potential complications or disputes in the future.
Kentucky Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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A Texas gift deed must include the following information: 1. The names and addresses of the parties, including the grantor (the person giving the gift) and the grantee (the person receiving the gift). 2. The legal description of the property, including the address, if applicable.
How to Write Date the document in dd/m/yyyy. Provide the name of the Grantor (seller) AND. The name of the Grantee (buyer) Mailing address. Enter the amount paid to the Grantor and is in receipt. Name of the County in which the property is situated.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed) A statement that the grantor is transferring the property to the grantee.
A Kentucky general warranty deed transfers a property title and gives the grantee (recipient/buyer) the guarantee that said title is free from encumbrances. Encumbrances are liens, mortgages, or other claims on real estate which cloud the title and can prevent the buyer from receiving financing.
As a property owner and grantor, you can obtain a warranty deed for the transfer of real estate through a local realtor's office, or with an online search for a template. To make the form legally binding, you must sign it in front of a notary public.
So, a deed, including warranty deeds and grant deeds, must always be notarized by a notary public and filed in the public records, usually with the county clerk's office; it may also need to be witnessed. This is why you should hire a notary who can render notary services to meet your needs.
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.
Kentucky requires the person transferring property (the grantor) and the person receiving property (the grantee) to sign the deed. A deed from or to more than one person must be signed by all grantors and grantees. A deed involving an entity must be signed by a representative with legal power to act for the entity.