Wisconsin Warranty Deed for Surface and Mineral Interests with Multiple Granters refers to a legal document used in Wisconsin for transferring both surface and mineral interests in real property from one party to another. A warranty deed is a common type of deed used in real estate transactions, wherein the granter (seller) guarantees that they have clear legal ownership of the property and has the right to transfer it. In the case of a Warranty Deed for Surface and Mineral Interests with Multiple Granters, it implies that there are multiple individuals or entities who collectively hold the rights to the surface and mineral interests being conveyed. These granters may include co-owners, partners, or other parties who have an ownership stake in the property. The Wisconsin Warranty Deed for Surface and Mineral Interests with Multiple Granters typically includes the following essential information: 1. Names and addresses of all granters and grantees: This document identifies all the individuals or entities involved in the transaction, including their contact information. 2. Legal description of the property: A detailed description of the property being transferred, which may include boundary lines, acreage, and specific reference to the surface and mineral rights being conveyed. 3. Terms of transfer: This section outlines the terms of the transfer, including the consideration (price) paid for the property, any conditions or contingencies, and the closing date of the transaction. 4. Granter's warranty: The warranty deed provides specific guarantees made by the granters. It states that they have full legal title to the property, have the authority to sell it, and that there are no undisclosed encumbrances, liens, or claims on the property. 5. Signatures and notarization: The document requires the signatures of all granters, acknowledging their consent to the transfer. It must also be notarized by a public notary to make it legally binding. It's important to note that there may not be different variations of a Wisconsin Warranty Deed for Surface and Mineral Interests with Multiple Granters. However, specific details and clauses within the deed may vary depending on the circumstances of each transaction or any additional agreements made between the parties involved. Completing a Warranty Deed for Surface and Mineral Interests with Multiple Granters requires careful attention to detail and knowledge of the relevant laws and regulations in Wisconsin. It is advisable to consult with a qualified real estate attorney or a licensed real estate professional to ensure accuracy and legal compliance throughout the process.
Wisconsin Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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How to fill out Warranty Deed For Surface And Mineral Interests With Multiple Grantors?
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First, there's exposure to the co-owner's creditors. Once another person is added to the deed, the property can become exposed to their financial risks. If the other person has debts or legal issues, the property could potentially be seized by their creditors. Then, there's a loss of control to consider.
How do I make a change to property ownership (add, remove or change someone's name)? To change ownership of real estate, a new conveyance document (deed) must be drafted and submitted for recording along with an Electronic Real Estate Transfer Return Receipt (e-RETR) We do not carry blank forms in our office.
A $30 filing fee is typically required. Transfer Tax: Yes: 30 cents for each $100 value or fraction of $100.
Wisconsin deeds must meet the following signature requirements: Current Owner's Signature. The transferred real estate's current owner?the grantor?must sign the deed.
Legal instruments such as warranty deeds, quit claim deeds, etc., that convey title from one property owner to a new owner, are usually drafted by attorneys, or paralegals or legal secretaries under the supervision of an attorney.
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.
The Wisconsin real estate transfer fee (RETF) is imposed upon the grantor (seller) of real estate at a rate of $3.00 per $1,000 of value. The determination of the "value" of real estate for purposes of the fee depends upon the type of transfer being conducted.