Mississippi Warranty Deed from Individual to Individual
About this form
This Warranty Deed from Individual to Individual is a legal document where one individual (the Grantor) transfers ownership of property to another individual (the Grantee). This form ensures that the Grantor guarantees clear title to the property being conveyed, while reserving rights to any minerals, oil, or gas beneath the land. This warranty deed is essential for individuals who wish to formalize property transfers securely and in compliance with state laws.
Key components of this form
- Grantor and Grantee Information: Details of the current property owner and the new property owner.
- Property Description: A clear legal description of the property being transferred.
- Consideration Statement: A declaration acknowledging the transaction for valuable consideration.
- Exhibit A: Attachment for a detailed legal description of the property.
- Reservation Clause: Specifies any reserved rights by the Grantor regarding minerals, oil, and gas.
State-specific requirements
This Warranty Deed from Individual to Individual complies with all state statutory laws. Ensure to review any specific state regulations that may influence the deed format or requirements for your jurisdiction.
Situations where this form applies
This warranty deed is commonly used in scenarios where an individual wants to transfer property ownership to another individual. This could include situations such as selling a home, gifting property to a family member, or transferring property as part of a divorce settlement. It ensures that the Grantee receives clear title to the property, free from any claims from the Grantor.
Who this form is for
- Individuals who are selling real estate and need to formalize the transfer.
- People who wish to gift property to family or friends.
- Individuals engaged in property settlements, such as divorce proceedings.
Completing this form step by step
- Identify the Grantor and Grantee, providing full legal names and addresses.
- Specify the property by including its legal description, which should be attached as Exhibit A.
- Enter the amount of consideration being paid for the property, typically noted as Ten Dollars.
- Include date of transfer and any relevant signatures from both parties.
- Ensure the document is appropriately dated and signed to be valid.
Does this form need to be notarized?
This document requires notarization to meet legal standards. US Legal Forms provides secure online notarization powered by Notarize, allowing you to complete the process through a verified video call, available 24/7.
Common mistakes to avoid
- Failing to include a complete and accurate legal description of the property.
- Not signing the deed, which can render it invalid.
- Omitting the reservation clause if applicable, leading to potential disputes over mineral rights.
Why use this form online
- Convenient access to professionally drafted legal forms.
- Editability to customize the form according to specific needs.
- Reliable framework that complies with state laws, reducing the risk of legal complications.
Form popularity
FAQ
In order to make the Warranty Deed legally binding, the Seller needs to sign it front of a notary public. Then signed and notarized deed must be filed at the city or county office for recording property documents. Before filing with this office all previously billed property taxes must be paid in full.
Madison County, Mississippi and Chancery Clerk Ronny Lott are pleased to offer Internet access to certain Public Records stored by the various departments, including the Madison County Chancery Clerk's office.
A quit claim deed in the state of Mississippi is a legal document that transfers property from one person to the next. It's important to note that the transfer if a property via this document comes with no guarantees as to whether or not the property has a clear title.
Once signed and notarized, a Mississippi deed must be recorded. The deed must be presented to the Recorder of Deeds in the county where the property is located. The transfer takes effect when signed and accepted by the grantee. However, recording provides notice to the public that the property was transferred.
The Mississippi general warranty deed is used to transfer real property in Mississippi with a guarantee from the seller or grantor that the property is free from hidden claims against the title and that the grantor has the legal authority to sell the property.
