A Minnesota limited warranty deed (also known as a “special warranty deed”) transfers land from a grantor to a grantee with the full guarantee that there are no unresolved encumbrances incurred during the grantor’s ownership. Although a limited warranty deed ensures that the grantor has the right to sell the property, and conveys it without any known liens or easements, the grantor does not guarantee the lack of third-party claims from previous owners. Therefore, it is recommended that the grantee look up the property title with the county recorder prior to making any agreement.
- Statute: Ch. 507 (Recording and Filing Conveyances)
- Formatting: § 507.093
- Signing Requirements (§ 507.24(Subd. 2)(a)): Notary Public
- Where to Record: County Recorder
- Recording Fees (§ 357.18(Subd. 1)(1)): $46
- Forms:
- Electronic Certificate of Real Estate Value: Required if the deed property was purchased for more than $3,000.
- Well Disclosure Certificate: If there are any previously unreported wells on the property, this form must be completed and filed with the deed.