(Top 3 inches reserved for recording data) WARRANTY DEED Minnesota Uniform Conveyancing Blanks lndividual(s) to lndividual(s) Form 10.1.1 (2016) eCRVnum~r. ______________________ DEED TAX DUE: $ _________ DA~: ___________ (roontNdaylyear) FOR VALUABLE CONSIDERATION, _________________________ (insert name atX1 mafilal status of each Grantor) ------------------------------------(·Grantor"), hereby conveys and warrants to _________________________________ Onsert name of each Grantee) ----------------------------------("Grantee"),as D tenants in common, (If more than one Grantee named above and either no box checked or both boxes are checked. (Check only one box.) is is D joint tenants, this conveyance is made to the named Grantees as tenants in common.) real property in----------------County, Minnesota, legally described as follows: Check here if all or part of the described real property is Registered (Torrens) CJ together with all hereditaments and appurtenances belonging thereto, subject to the following exceptions: Page 1 of2 Page2of2 Minnesota Uniform Conveyancing Blanks Fonn 10.1.1 Check applicable box: Grantor Cl The Seller certifies that the Seller does not know of any wells on the described real property. 0 A well disclosure certificate accompanies this document or has (signature) been electronically filed. (If electronically filed, insert WDC number: .. ) [J I am familiar with the property described in this instrument and I (signatum) certify that the status and number of wells on the described real property have not changed since the last previously filed well disclosure certificate. State of Minnesota, County of ___________ This instrument was acknowledged before me on ____________, by--------------- (rnoniNdaylyear) (UJSelt name atXI marital status of each Grantcx) (Stamp) (signallJie d naarial cttm) Title (and Rank): ---------------- My commission expires: -----------­ (montNdaylyeat) THIS INSTRUMENT WAS DRAFTED BY: TAX STATEMENTS FOR THE REAL PROPERTY DESCRIBED IN THIS Onseit name atr1 address) INSTRUMENT SHOULD BE SENT TO: (insm legal name atXI resklential 01 OOsiness ackkess d Grantee) Deed Tax: Deed Tax Rate State rate: .0033 ERF Tax1 - Hennepin County and Ramsey County: .0001 Total rate for real property conveyed in Hennepin and Ramsey Counties: .0034 Total rate for real property conveyed in all other Minnesota Counties: .0033 Example: Real Property is sold for $ 200,000 in: Tax Due Hennepin County (Total rate .34%) $ 680 Ramsey County (Total rate .34 %) $ 680 All other 85 Minnesota counties (Total rate .33%) $ 660 Consideration: The value given for making a conveyance of real property. Net Consideration: Consideration less the value of any lien or encumbrance remaining on the property prior to the time of sale and that is not released or satisfied as a result of the sale. An example would be a buyer’s assumption of the seller’s mortgage. Execution and Delivery: Deed tax is due at the time a taxable deed or instrument is presented for recording. Minn. Stat. §287.21(d). Deeds executed or presented prior to July 1, 1999: Tax was imposed on the execution and delivery of the deed and not on the date the document was recorded. For example, a deed executed in 1962 and presented for recording in 1985 would have paid tax based on the tax rate in effect in 1962. Deeds executed and presented on or after July 1, 1999: Tax is imposed and becomes payable at the time the deed is presented for recording. 1 Environmental Response Fund Tax. Minn. Stat. § 383A.80 and Minn. Stat. § 383B.81 Special Taxes Division 651-556-4721 Mail Station 3331 TTY: 711 Minnesota Relay St. Paul Minnesota 55146-3331 An equal opportunity employer (Rev. 07/13) Deed tax—exemptions and minimum tax transfers (651) 556-4721 The following information will help you determine if a deed is exempt from tax or qualifies for the minimum tax of $1.65 ($1.70 in Hennepin and Ramsey counties). The statements provided below in the “Minimum tax” section are optional but can be used by the grantor to state the reason the document qualifies for minimum tax treatment. Either incorporate the statement into the deed or use Form M20 to indicate which statement applies. (In the absence of a qualifying reason, deed tax must be based at least on the fair market value of the property being conveyed. See, for instance, Minn. Stat. § 287.20, subd. 2(g).) Recordable documents transferring real property e. Deed transferring substantially all assets of a corporation pur- that are not deeds for deed tax purposes suant to a reorganization under section 368(a) of IRC. 1. Transfer of real property by court order. The order itself must f. Deed transferring substantially all assets of a partnership result in a change of ownership. pursuant to a continuation under section 708 of IRC. 2. Transfer of real property through a referee’s or sheriff’s certifi- Please Note: All the co-owners must maintain the same owner- cate of sale issued to the purchaser in a mortgage or lien foreclo- ship percentage in the entity holding the transferred real prop- sure sale. erty after the designated transfer as they had before. 3. Transfer of real property through a referee’s, sheriff’s or certifi- In addition, if within six months an ownership interest in the cate holder’s certificate of redemption from a mortgage or lien transferee entity is transferred to some other party or entity, tax foreclosure sale issued to the redeeming mortgagor. is due on the initial transfer. Statement: This deed transfers real property as part of a desig- Exempt deeds, documents nated transfer under Minn. Stat. § 287.21. 1. Deed to or from the federal government of any agency or instru- 2. Deed of real property resulting from the consolidation or merg- mentality thereof. er of two or more corporations, limited liability companies, or 2. Deed between the parties to a marriage dissolution pursuant to partnerships, or any combination of the two. the terms of the dissolution decree. Statement: This deed transfers real property to complete a 3. Deed conveying a cemetery lot or lots. merger/consolidation. 4. Deed by a personal representative distributing the decedent’s 3. Deed gifting real property. property according to the terms of the will or probate court order. Statement: This deed transfers real property as a gift without 5. Deed between co-owners partitioning their undivided interest in conditions, benefits, or rewards. the same piece of property. 4. Deed correcting error (corrective deed). 6. Deed or other instrument of conveyance issued pursuant Statement: This deed was given without added consideration to a permanent school fund land exchange under Minn. and merely corrects an error in a previously recorded deed. Stat. § 92.121 and related laws. 5. Deed transferring property in exchange for less than $500 7. Deed or other instrument which grants, creates, modifies, or of consideration, monetary or otherwise. terminates an easement. Statement: This deed transfers real property in exchange for 8. Deed executed under a Chapter 11 or 12 plan of reorganization. $500 or less of consideration. Chapter 11: §1146(C) Federal Banruptcy Code; Chapter 12: 6. Deed transferring real property to an intermediary as part of an §1231(C). IRC section 1031 exchange and the intermediary’s total docu- mented fee for the transfer is $500 or less. A “full” deed tax will Deeds qualifying for minimum tax be paid when final transfer is made. 1. Deed making a designated transfer (as defined in Minn. Statement: This deed is transferring property to an intermedi- Stat. § 287.20). ary as part of an IRC section 1031 exchange. A “full” deed tax a. Deed between a sole owner and a legal entity owned directly will be paid when the final transfer is made. or indirectly by that sole owner, or between two legal entities 7. Deed written between a principal and agent, and the agent’s owned directly or indirectly by a sole owner. total compensation for the entire transaction, monetary or b. Deed between a husband and wife and a legal entity owned otherwise, is $500 or less. directly or indirectly by that husband and wife, or between Statement: This deed is between a principal and agent for $500 two legal entities owned directly or indirectly by that couple. or less of consideration. c. Deed between co-owners and a legal entity owned directly or indirectly by those co-owners, or between two legal entities owned directly or indirectly by those co-owners. d. Deed between a grantor and a revocable trust created by that grantor, or between revocable trusts created by the same grantor. Special Taxes Division 651-296-0298 Mail Station 3331 TTY: 711 Minnesota Relay St. Paul Minnesota 55146-3331 12/05 An equal opportunity employer (Top 3 inches reserved for recording data) LIMITED WARRANTY DEED Minnesota Uniform Conveyancing Blanks Business Entity to lndividual(s) Form 10.2.7 (2016) eCRV number:----------- DEED TAX DUE: $--------- DATE: ______~~~~----- (monWday/yeafJ FOR VALUABLE CONSIDERATION, _________________________ (msen name of Gtantcx} a _________________ underthe laws of _____________ (.Grantor"), hereby conveys and quitclaims to _______________________________ (msen name of each Grantee} ----------------------------------(·Grantee], as C tenants in common, (If more than one Grantee is named above and either no box is chedced or both boxes are chedced. (Check only one box.) 0 joint tenants, this conveyBIICe is made to the named Grantees as tenants in common.) real property in _________ County, Minnesota, legally described as follows: Check here if all or part of the described real property is Registered (Torr ens) 0 together with all hereditaments and appurtenances belonging thereto. This Deed conveys after-acquired title. Grantor warrants that Grantor has not done or suffered anything to encumber the property, EXCEPT: Page 1 of2 Page2of2 Minnesota Uniform Conveyancing Blanks Form 10.2.7 Check applicable box: Grantor [] The Seller certifies that the Seller does not know of any wells on the described real property.