A West Virginia Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used in West Virginia to transfer ownership of both surface and mineral rights from multiple granters to a grantee. This particular type of warranty deed is specifically designed to include both surface and mineral interests in one transaction. In West Virginia, there are various types of Warranty Deeds used for transferring surface and mineral interests with multiple granters. Some common variations include: 1. General Warranty Deed: This type of warranty deed guarantees that the granters have clear title to both the surface and mineral interests being transferred. It provides the highest level of protection for the grantee against any claims or encumbrances on the property. 2. Special Warranty Deed: With a special warranty deed, the granters only warrant their title for the time they owned the property. They do not guarantee against any defects or encumbrances that may have existed before their ownership. This type of deed is commonly used when one or more granters have acquired the property through a previous transaction. 3. Quitclaim Deed: A quitclaim deed transfers whatever interest the granters have in the property, without any warranties or guarantees. This means that the granters may not have clear title or may not even own the entire property. Quitclaim deeds are often used in family transfers or to clear up any uncertainties or disputes regarding ownership. Regardless of the specific type, a West Virginia Warranty Deed for Surface and Mineral Interests with Multiple Granters typically contains the following key elements: 1. Names of the Granters: The individuals or entities transferring their interests in the property. 2. Names of the Grantee: The individual or entity to whom the property interests are being transferred. 3. Legal Description of the Property: Detailed description of the property, including boundaries, dimensions, and any other relevant information to accurately identify the property. 4. Surface and Mineral Interests: Clear indication that both surface and mineral rights are being transferred in the deed. 5. Consideration: The amount of money or any other valuable consideration exchanged for the transfer of the property. 6. Granting Clause: A statement by the granters that they are conveying their interests in the property to the grantee. 7. Warranty and Covenants: The type and extent of warranties provided by the granters, such as general warranty, special warranty, or quitclaim. 8. Signatures and Notarization: The deed must be signed by all granters and notarized to make it legally binding. It's important to consult with a qualified attorney or legal professional to ensure that the proper type of West Virginia Warranty Deed for Surface and Mineral Interests with Multiple Granters is used for any specific transaction, as individual circumstances may vary.
West Virginia Warranty Deed for Surface and Mineral Interests with Multiple Grantors
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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.
A general warranty deed is used to transfer real property from one person to another. This type of deed offers the greatest protection for the buyer and has specific requirements for what must be included in the document.
A special warranty deed is a deed to real estate where the seller of the property?known as the grantor?warrants only against anything that occurred during their physical ownership. In other words, the grantor doesn't guarantee against any defects in clear title that existed before they took possession of the property.
A warranty deed provides covenants from the grantor which apply to claims against the property that arise either before or during the grantor's ownership of the real estate. Warranty deeds provide the most protection of any deed a grantee can receive. Special Warranty Deed - Study.com Study.com ? ... ? Transfer of Real Property Study.com ? ... ? Transfer of Real Property
Warranty deeds Warranty deeds provide the purchaser of the property with the highest form of protection and are often used when a buyer wants to get financing for a mortgage or title insurance. A warranty deed guarantees that: The grantor is the rightful owner of the property and has the legal right to transfer the title. Warranty Deed: What Is It And Should You Get One? | Quicken Loans quickenloans.com ? learn ? warranty-deed quickenloans.com ? learn ? warranty-deed
After confirming your legal ownership with an attorney at law, you need to draw up a deed of transfer form in your name and register it with the county records office as the mineral owner. The land transaction, leasing transaction, and royalty compliance go through the county office.
General warranty deed General warranty deed. In essence, the grantor is saying, ?I promise there are absolutely no undisclosed title problems, and I will pay to defend the title in court." A general warranty deed gives the grantee the most possible protection. What is a grant deed and how does it work? - .com ? articles ? what-is-a-grant-d... .com ? articles ? what-is-a-grant-d...
General warranty deeds General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law. Understanding Property Deeds - Investopedia Investopedia ? articles ? realestate Investopedia ? articles ? realestate