California Term Mineral Deed of Undivided Interest

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-064
• Format: Word; Rich Text

Description

This deed form conveys a mineral interest for a specified term, to be designated by the grantor, after which time, the conveyed interest reverts to the grantor. The California Term Mineral Deed of Undivided Interest is a legal document used in California to convey ownership rights in mineral interests. It transfers a specified term or duration of ownership in mineral rights to another party, while retaining an undivided interest in those mineral rights. This type of deed allows the owner to retain a percentage ownership of the mineral rights and the ability to enjoy the benefits and profits derived from those minerals for a specified period. Keywords: California Term Mineral Deed, Undivided Interest, mineral rights, ownership rights, legal document, convey, duration, retain, percentage ownership, benefits, profits, specified period. There are different types of California Term Mineral Deed of Undivided Interest, including: 1. California Term Mineral Deed of Undivided Interest with Royalty: This type of deed grants the new owner a term interest in the mineral rights along with a share of the profits or revenue generated from the extraction, production, or sale of minerals. The owner retains an undivided interest in the mineral rights for the designated term. 2. California Term Mineral Deed of Undivided Interest without Royalty: Unlike the previous one, this type of deed transfers a specified term interest in the mineral rights but does not grant any ownership in the profits or revenue from the minerals. The undivided interest in the mineral rights is retained by the owner for the specified term. 3. California Term Mineral Deed of Undivided Interest with Option to Renew: This variation of the deed includes an option for the new owner to renew the term interest in the mineral rights for an additional period upon expiration. The owner retains the undivided interest in the mineral rights during the initial term and any subsequent renewals. 4. California Term Mineral Deed of Undivided Interest with Surface Rights: This type of deed not only transfers the specified term interest in the mineral rights but also includes the ownership or control of the surface rights associated with the property where the minerals are located. The owner retains an undivided interest in both the mineral rights and surface rights for the designated term. 5. California Term Mineral Deed of Undivided Interest with Right of First Refusal: In this variant, the new owner is granted a term interest in the mineral rights, and the original owner retains an undivided interest. However, the original owner also receives the right of first refusal, allowing them the opportunity to match or exceed any offers made by potential buyers if the new owner decides to sell their interest during the designated term. These different types of California Term Mineral Deed of Undivided Interest provide flexibility for individuals or entities to customize the terms and conditions of the transfer of mineral rights according to their specific needs and goals.

The California Term Mineral Deed of Undivided Interest is a legal document used in California to convey ownership rights in mineral interests. It transfers a specified term or duration of ownership in mineral rights to another party, while retaining an undivided interest in those mineral rights. This type of deed allows the owner to retain a percentage ownership of the mineral rights and the ability to enjoy the benefits and profits derived from those minerals for a specified period. Keywords: California Term Mineral Deed, Undivided Interest, mineral rights, ownership rights, legal document, convey, duration, retain, percentage ownership, benefits, profits, specified period. There are different types of California Term Mineral Deed of Undivided Interest, including: 1. California Term Mineral Deed of Undivided Interest with Royalty: This type of deed grants the new owner a term interest in the mineral rights along with a share of the profits or revenue generated from the extraction, production, or sale of minerals. The owner retains an undivided interest in the mineral rights for the designated term. 2. California Term Mineral Deed of Undivided Interest without Royalty: Unlike the previous one, this type of deed transfers a specified term interest in the mineral rights but does not grant any ownership in the profits or revenue from the minerals. The undivided interest in the mineral rights is retained by the owner for the specified term. 3. California Term Mineral Deed of Undivided Interest with Option to Renew: This variation of the deed includes an option for the new owner to renew the term interest in the mineral rights for an additional period upon expiration. The owner retains the undivided interest in the mineral rights during the initial term and any subsequent renewals. 4. California Term Mineral Deed of Undivided Interest with Surface Rights: This type of deed not only transfers the specified term interest in the mineral rights but also includes the ownership or control of the surface rights associated with the property where the minerals are located. The owner retains an undivided interest in both the mineral rights and surface rights for the designated term. 5. California Term Mineral Deed of Undivided Interest with Right of First Refusal: In this variant, the new owner is granted a term interest in the mineral rights, and the original owner retains an undivided interest. However, the original owner also receives the right of first refusal, allowing them the opportunity to match or exceed any offers made by potential buyers if the new owner decides to sell their interest during the designated term. These different types of California Term Mineral Deed of Undivided Interest provide flexibility for individuals or entities to customize the terms and conditions of the transfer of mineral rights according to their specific needs and goals.