North Dakota Gift Deed of Nonparticipating Royalty Interest with No Warranty

State:
Multi-State
Control #:
US-OG-042
Format:
Word; 
Rich Text
Instant download

Description

This form provides for a conveyance of a nonparticipating royalty interest in specific lands.

How to fill out Gift Deed Of Nonparticipating Royalty Interest With No Warranty?

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FAQ

Quitclaim deed The quitclaim deed, also called a non-warranty deed, offers the grantee the least amount of protection. This type of deed conveys whatever interest the grantor currently has in the property?if any. No warranties or promises regarding the quality of the title are made. Understanding Property Deeds - Investopedia investopedia.com ? articles ? realestate ? pro... investopedia.com ? articles ? realestate ? pro...

Before a warranty deed can be recorded in North Dakota, it must be signed and acknowledged by the grantor, and must contain original signatures (47-19-03). If a warranty deed has not been acknowledged as required, it must be proved by a subscribing witness to entitle it to be recorded (47-10-05).

A quitclaim deed is a deed by which a grantor transfers only the interest the grantor has at the time the conveyance is executed. The grantor is not promising anything other than that they are giving up their own rights, if any. There are no implied warranties in connection with a quitclaim deed. Property Ownership and Deed Recording ca.gov ? proptaxes ? pdf ? Ownership_... ca.gov ? proptaxes ? pdf ? Ownership_...

Quitclaim Deed This type of deed guarantees nothing and there is no expressed or implied warranty that grantor owns the property or any interest in it. Moreover, a quitclaim deed does not convey any after-acquired title. 7. Principal Instruments of Transfer - California Department of Real Estate ca.gov ? files ? pdf ? refbook ? ref07 ca.gov ? files ? pdf ? refbook ? ref07

By contrast, a quitclaim deed contains no warranties. All it does is transfer whatever interest the grantor has in the property over to the other person. There is no guarantee against the fact that the other owners have the ability to claim the property. What Is a Quitclaim Deed and How Does It Work? - SmartAsset SmartAsset ? mortgage ? what-is-a-quitclai... SmartAsset ? mortgage ? what-is-a-quitclai...

Quitclaim Deed A deed used to transfer any interest in real property that the grantor may have. It contains no warranties of any kind.

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North Dakota Gift Deed of Nonparticipating Royalty Interest with No Warranty