Nevada Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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How to fill out Warranty Deed For Surface And Mineral Interests, With Reservation Of All Coal?
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FAQ
A general warranty deed is the gold standard of property transfers. This type of deed is overwhelmingly used in residential purchases. Most lenders require a warranty deed for properties they finance. It offers buyers the greatest possible protection from future claims against the title.
A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title. The property is free and clear of all liens and outstanding claims. The title would withstand third-party claims to ownership of the property.
General Warranty Deed ? The General Warranty deed is often referred to simply as a warranty deed. It is a deed conveying title where the seller (grantor) makes six covenants or promises to the buyer (grantee) as part of the conveyance.
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.
A general warranty deed must include the following to be valid: The name and address of the seller (called the grantor) The name and address of the buyer (called the grantee) A legal description of the property (found on the previous deed)
A general warranty deed is a legal agreement that protects a property buyer from any debts held against the property they're purchasing. If such a debt emerges after the sale, the seller, not the buyer, is financially responsible for that debt.
Warrants that the deed describes the land in question. Warrants that the grantor has the right to convey the property. Warrants that there are no undisclosed encumbrances on the property that could limit its value. Grantor promises to defend against future challenges to the grantee's title to the property.
Notary fees are normally charged to the party whose signature is being notarized. For the warranty deed, that is the seller.