A Minnesota partition warranty deed is a legal document used to transfer ownership of real estate property in Minnesota. This type of deed guarantees that the current owner (also known as the granter) has full legal right to sell or transfer the property to the new owner (known as the grantee). This document provides assurance to the grantee that there are no undisclosed claims, liens, or encumbrances on the property, and that they will be protected from any future disputes or claims against the property's title. Keywords: Minnesota, partition warranty deed, transfer ownership, real estate, property, legal document, granter, grantee, assurance, claims, liens, encumbrances, disputes, title. In Minnesota, there are two primary types of partition warranty deeds: 1. General Warranty Deed: This type of deed offers the highest level of protection to the grantee, as it guarantees that the granter will defend the title against any claims or defects, even those that existed before the granter acquired the property. 2. Special or Limited Warranty Deed: Unlike a general warranty deed, this type of deed only guarantees that the granter will defend the title against claims or defects that occurred during their ownership of the property. It does not provide protection against any issues that may have existed before the granter's ownership. Keywords: Minnesota, partition warranty deed, general warranty deed, special warranty deed, limited warranty deed, protection, granter, grantee, title, claims, defects, ownership, property. When considering a Minnesota partition warranty deed, it is crucial for both the granter and the grantee to thoroughly understand the terms and conditions outlined in the deed. It is highly recommended consulting with a qualified real estate attorney or professional to ensure all legal requirements are met and to gain a comprehensive understanding of the deed's implications. Keywords: Minnesota, partition warranty deed, terms, conditions, granter, grantee, legal requirements, real estate attorney, professional, comprehensive understanding. In summary, a Minnesota partition warranty deed is a vital legal document used to transfer real estate ownership in Minnesota while providing assurance and protection to the grantee. Whether it is a general warranty deed or a special warranty deed, both parties must carefully review and understand the contents of the deed to ensure a smooth and secure property transfer process.
Minnesota Partition Warranty Deed
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How to fill out Minnesota Partition Warranty Deed?
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FAQ
A Minnesota Quitclaim Deed does not provide any of the statutory covenants of title which are provided by a Minnesota Warranty Deed. In addition, the interest conveyed by the grantor in a Minnesota Quitclaim Deed: is limited to that which the grantor held at the time of execution of the deed, and.
A duly executed warranty deed includes the following covenants on the part of the grantor: (1) that the grantor is lawfully seized of the premises in fee simple and has good right to convey the property; (2) that the premises are free from all encumbrances; (3) the right to quiet and peaceable possession thereof; and ( ...
A warranty deed must include Minnesota's essential elements for a valid, recordable deed. Among other things, warranty deeds must have the names of the grantor and grantee, the property's legal description, and the specific language and covenants that demonstrate the grantor's warranty to the grantee.
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.
If a defect in the title arises years before the grantor owned the property, then the grantor is still liable under the covenants for title. General warranty deeds guarantee to the grantee that the property is being transferred free and clear, or without any encumbrances or limitations.
*A general warrant deed contains five covenants to include Covenant of Seisin, Covenant of Quiet Enjoyment, Covenant Against Encumbrances, Covenant of Further Assurance, and Covenant of a Warranty Forever. There is no Covenant of Exceptions and Reservations included.
Partitions are addressed in Chapter 558 of Minnesota Statutes. Minn. Stat. § 558.01 says that when people own land as joint tenants or tenants in common, an action may be brought for a sale or split of the property.