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WARRANTY DEED Individual(s) to Business Entity Minnesota ... - mnbar

WARRANTY DEED Individual(s) to Business Entity Minnesota ... - mnbar 2025

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The document is a Warranty Deed form used in Minnesota for the transfer of real property from individuals (Grantors) to a business entity (Grantee). It includes sections for recording details such as names, marital status, property description, well disclosures, and notary acknowledgment. The form ensures legal compliance and outlines the responsibilities of both parties regarding the property.

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What is required on a warranty deed in Minnesota?

A warranty deed must include Minnesotas essential elements for a valid, recordable deed. Among other things, warranty deeds must have the names of the grantor and grantee, the propertys legal description, and the specific language and covenants that demonstrate the grantors warranty to the grantee.

What is the safest type of deed?

A Warranty Deed can protect the seller from legal implications if disputes arise after the transaction. The grantor assures the grantee they are responsible for past discrepancies, thus protecting the buyers interests.

Who can prepare a warranty deed?

You can obtain a warranty deed through your real estate agents office or download an online template. All warranty deeds must include the date of the transaction, the name of the parties involved, a legal description of the property being transferred, a list of title defects and the signatures of the buyers.

What are the disadvantages of a warranty deed?

Limitations of Warranty Deeds While warranty deeds offer some key benefits, there are also some limitations, such as: A special warranty deed only guarantees that the title is clear of any claims or encumbrances during the time that the grantor owned the property.

Can you sell a property with a warranty deed?

Warranty Deeds are used in most home sales between unrelated parties because they offer the most protection for buyers without established trust. If any title issues arise after a sale, a Warranty Deed ensures that the seller remains responsible. There are two types of Warranty Deeds: special and general.

What is an individual warranty deed?

A warranty deed is a type of deed where the grantor (seller) guarantees that they hold clear title to a piece of real estate and has a right to sell it to the grantee (buyer), in contrast to a quitclaim deed, where the seller does not guarantee that they hold title to a piece of real estate.

Who benefits the most from a warranty deed?

The warranty deed not only gives the grantor the legal right to sell the home but also confirms that the property has no title issues or concerns.

WARRANTY DEED Individual(s) to Business Entity Minnesota ... - mnbar 2025

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