A Deed of Sale for Lot is a crucial legal instrument used in U.S. real estate transactions to transfer property ownership. This document is required whenever a lot or parcel of land changes ownership, whether for residential, commercial, or agricultural purposes. The deed must comply with both federal and state-specific property laws, and typically includes precise legal descriptions, purchase price, warranties, and any existing encumbrances or restrictions. It serves as permanent evidence of the transfer and must be properly recorded to protect the buyer's interests and establish chain of title.
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1. Parties: Identification of grantor (seller) and grantee (buyer) with full legal names and addresses
2. Property Description: Legal description of the lot including boundaries, lot number, and reference to recorded plat
3. Consideration: Purchase price and payment terms
4. Granting Clause: Language formally transferring title from grantor to grantee
5. Warranties: Seller's warranties regarding title and property condition
6. Execution: Signature blocks, notarization, and witness sections
1. Easements: Description of any existing easements or rights-of-way that affect the property
2. Restrictions: Details of deed restrictions, covenants, or HOA rules affecting the property
3. Mineral Rights: Statement regarding the retention or transfer of mineral rights associated with the property
1. Schedule A: Detailed legal description of property including survey details and boundary specifications
2. Schedule B: Property survey or plat map showing the exact boundaries and dimensions
3. Schedule C: List of exceptions to title warranty and known encumbrances
4. Schedule D: Environmental reports or disclosures regarding the property condition
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