Posted on: 14th Oct, 2009 02:11 pm
what is the difference between the 2
Hi jeannunley,
Fee simple refers to absolute ownership of a real estate property. It means you own the property free and clear of any lien or encumbrances. A warranty deed is an instrument of transfer of property. Unlike a quit claim deed, it is a more secure way of transferring property as it transfers property free and clear.
Fee simple refers to absolute ownership of a real estate property. It means you own the property free and clear of any lien or encumbrances. A warranty deed is an instrument of transfer of property. Unlike a quit claim deed, it is a more secure way of transferring property as it transfers property free and clear.
which deed type conveys gas and oil rights?
Welcme capo,
You can use a warranty deed in order to convey gas and oil rights to someone else. However, it would be better if you could take the opinion on an attorney in this regard.
You can use a warranty deed in order to convey gas and oil rights to someone else. However, it would be better if you could take the opinion on an attorney in this regard.