This form is a Mineral Deed where the grantor, acting by and through an attorney in fact, transfers all mineral rights in the described property to Grantee(s). This deed complies with all state statutory laws.
Minneapolis Minnesota Mineral Deed - Grantor Acting By and Through Attorney in Fact
Category:
State:
Minnesota
City:
Minneapolis
Control #:
MN-021-78
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Minnesota Mineral Deed - Grantor Acting By And Through Attorney In Fact?
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FAQ
State deed tax (SDT) SDT is paid when recording an instrument conveying Minnesota real property. The rate is 0.0033 of the purchase price. SDT for deeds with consideration of $3,000 or less is $1.70. Hennepin County adds an additional .
Property Transfer in Minnesota The grantor must sign the deed and have their signature notarized in order to accomplish a transfer of property. The Minnesota deed is then recorded in the county where the property is located.
You need to file it with the county recorder or registrar and pay the recording fees. You can take it in to the county to file (if the desk is open . . call ahead) or give it to a title company to record (and pay their service fee).
There is a $50.00 fee for filing the WDC with the county recorder. A WDC is not required if the property has no wells or if a disclosure was previously recorded for the property and the number and status of wells has not changed.
A Minnesota quitclaim deed?also called a deed of quitclaim and release?is a deed that transfers Minnesota real estate with no warranty of title. The person who signs a quitclaim deed transfers whatever interest he or she has in the property but makes no promises about the status of the property's title.
The transfer of the property is usually in the form of a donation (a gift) or the sale of the property to the child. A written contract must be entered into between the parent and child. The following should be carefully considered and the advice of an expert should be obtained.
The registrar is typically the county recorder or an employee of the county recorder's office. The county recorder's fee for recording a Minnesota deed is $46.00. There is an additional $50.00 filing fee for properties that require a well disclosure certificate.
Despite the amounts involved, it is possible to transfer ownership of your property without money changing hands. This process can either be called a deed of gift or transfer of gift, both definitions mean the same thing. Executing a deed of gift can be a complex undertaking, but it isn't impossible.
After marriage, joining assets is a way to express unity together. In Minnesota, you can't simply add a person to a deed, a new deed needs to be created and filed showing the additional person.