Maine Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership rights of both the surface and mineral interests in a property located in the state of Maine. This type of warranty deed is commonly used when there are multiple granters involved in the transfer. In a Maine Warranty Deed for Surface and Mineral Interests with Multiple Granters, the granters are the current owners of the property and are legally transferring their rights to the grantee, who is the recipient of the property. This deed ensures that the grantee receives a clear and marketable title to both the surface and mineral rights, providing protection against any potential claims or disputes in the future. The document includes various key elements such as: 1. Identification of all the parties involved: The warranty deed clearly identifies all the granters and the grantee by their full legal names and addresses. 2. Property description: A detailed description of the property being transferred is included, which typically includes the legal description of the boundaries, the location, and any pertinent information that accurately identifies the property. 3. Surface and mineral rights conveyance: The warranty deed specifies the transfer of both the surface and mineral rights, ensuring that the grantee receives full ownership of these interests. 4. Warranty covenants: This type of warranty deed usually includes various warranty covenants from the granters, providing assurances that they hold clear title to the property, have the authority to transfer it, and that the property is free from any encumbrances, liens, or claims. 5. Signatures and notarization: All parties involved, including the granters, grantee, and witnesses, are required to sign the deed. The document is then notarized to validate its authenticity and legal standing. It is essential to note that there are no specific subtypes of Maine Warranty Deed for Surface and Mineral Interests with Multiple Granters. However, variations of this deed can exist depending on factors such as additional clauses, specific terms or conditions, or any particular requirements set forth by the granters or grantee. It is always advisable to consult an attorney or legal professional to ensure that the deed aligns with the specific needs and requirements of both parties involved.
Maine Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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How to fill out Maine Warranty Deed For Surface And Mineral Interests With Multiple Grantors?
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FAQ
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.
A tax of $2.20 per $500 in value (rounded up) imposed upon the sale, granting or transfer of real estate and any interest therein. The transfer tax is equally divided between the buyer and the seller, unless exempt pursuant to Title 36, §4641-C.
Deeds must have a declaration of value form (also called transfer tax form) and any transfer tax if it is due. A side margin of ¾ inch on all pages with the top margin of 1st page of 1 ¾ inches. No punched holes or writing in any of the margins. All subsequent pages must have a 1-inch top margin.
Yes, someone can be on the title and not the mortgage. The two terms ?deed? and ?title? are often used synonymously. A person whose name is on a house deed has the title to that particular house. The house deed is the physical document that is used to transfer title and thus proves who owns the house.
The guarantees of a general warranty deed are known as covenants. Traditionally, there are six covenants of title which can be divided into present covenants and future covenants.
The grantor is generally bound by several covenants, including: The covenant of seizin?the grantor warrants that they own the property and has a legal right to convey it. The covenant against encumbrances?the grantor warrants that the property is free of liens or encumbrances.
A Maine quitclaim deed without covenant passes to the new owner?with no covenants or warranty of title?whatever interest the person signing the deed (the grantor) has the power to transfer. If the grantor holds good, clear title, the new owner receives good, clear title.
The only way to add or remove a name on a deed is to have a new deed recorded. Once a document is recorded, it cannot be altered. In order to protect your legal interests, we strongly suggest that you contact an attorney to have this done for you.