A Mississippi Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that conveys the ownership rights of both surface and mineral interests, specifically including the reservation of all coal rights, in a particular property located in the state of Mississippi. This type of deed ensures that the granter guarantees clear title to the property, and provides protection to the grantee against any claims or liens on the property. In Mississippi, there are a few different types of Warranty Deeds for Surface and Mineral Interests, With Reservation of All Coal, each catering to specific circumstances and rights involved. Some variations include: 1. General Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal: This type of deed assures the grantee that the granter has full ownership and control over both surface and mineral rights, with the exception that the granter reserves all coal rights. It provides the highest level of protection to the grantee. 2. Limited Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal: This deed guarantees that the granter has good title to the property's surface and mineral interests, but only during the granter's ownership. It does not provide protection against claims or defects in previous ownership, making it less comprehensive than the general warranty deed. 3. Quitclaim Deed for Surface and Mineral Interests, With Reservation of All Coal: This deed transfers the granter's present interest in the property, if any, without making any guarantees about the quality of title. The granter simply releases any claims or interest they may have, including surface and mineral interests, with the exclusion of the reservation of coal rights. It offers the least amount of protection to the grantee. Regardless of the specific type, a Mississippi Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal should contain the following information: — Names and addresses of thgranteror(s) and grantee(s) — Legal description of the property, including the boundaries and dimensions — Warranty clause ensuring clear title and guaranteeing the reservation of all coal rights — Signature and notarization of thgranteror(s) It is important to consult with a qualified attorney or real estate professional when dealing with the transfer of property interests, as specific requirements and regulations may vary.
Mississippi Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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What are Outstanding and Reserved mineral rights? Outstanding mineral rights are owned by a party other than the surface owner at the time the surface was conveyed to the United States. Reserved mineral rights are those rights held by the surface owner at the time the surface was conveyed to the United States.
The warranty of ownership assures the buyer that: The property is free of all rights except those declared by the seller. The seller has discharged the property of all hypothecs, except for those assumed by the buyer. The property is not subject to any encroachment on the part of the seller or a third person.
If your deed does not list this information, you will need to contact the County Clerk in the county where your minerals are located.
Notary fees are normally charged to the party whose signature is being notarized. For the warranty deed, that is the seller.
A warranty deed provides guarantees of clear title to real property and that the current owner has the legal right to sell it or transfer it to another party. A quitclaim deed, in contrast, contains no guarantees about the quality of the title or owner.
Whether there's been a death, divorce or change of personal circumstances, there may be a reason for you to remove a name from a property deed. This process is done using a deed of conveyance, which is either in the form of a quitclaim deed or a warranty deed.
A quit claim deed does not contain any warranty of title, so the grantor in a quit claim deed makes no promises as to the quality of the grantor's title to the property, or even that that the grantor has any title to the property.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.