District of Columbia Term Royalty Deed that Terminates Upon Expiration of Lease

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-046
• Format: Word; Rich Text

Description

This form provides for a conveyance of royalty for a limited period of time. The interest conveyed terminates and reverts to the Grantor when the identified oil and gas lease terminates. The District of Columbia Term Royalty Deed that terminates upon expiration of lease is a legal document that outlines the transfer of royalties or mineral rights associated with a property in the District of Columbia. This type of deed is specifically designed for situations where the lease agreement between the property owner and the mineral rights' holder expires. In this arrangement, the property owner grants the tenant or mineral rights' holder the exclusive rights to exploit and extract any minerals or royalties present on the property for a specified period. However, once the lease agreement reaches its expiration date or any other agreed-upon termination event occurs, the rights granted by the deed automatically terminate. It is important to note that there might be various types of District of Columbia Term Royalty Deeds that terminate upon the expiration of the lease, depending on the specific nature of the lease agreement and the parties involved. Some potential variations may include: 1. District of Columbia Short-Term Royalty Deed: This type of deed grants mineral rights for a relatively short duration, typically a few years or less. It terminates upon the expiration of the lease agreement, allowing the property owner to regain full control over the mineral rights. 2. District of Columbia Long-Term Royalty Deed: Unlike the short-term variation, this deed grants mineral rights for an extended period, which may span several decades. It also ceases to be effective once the lease agreement comes to an end, subsequently returning the mineral rights to the property owner. 3. District of Columbia Oil and Gas Royalty Deed: This specific type of royalty deed focuses on granting rights for the extraction of oil and gas resources. It operates under the same principle, terminating upon the expiration of the lease agreement regardless of the defined duration. 4. District of Columbia Mineral Royalty Deed: This broad term encompasses royalty deeds that cover the extraction of various minerals, such as coal, iron ore, gold, or silver. The deed terminates upon lease expiration, preventing the tenant from continuing the extraction activities. In conclusion, the District of Columbia Term Royalty Deed that terminates upon the expiration of the lease is a legal document used to transfer mineral rights for a specific duration. There are various types of such deeds, including short-term, long-term, oil and gas-focused, and mineral-focused variations. Each deed ceases to be effective once the lease agreement expires, enabling the property owner to regain full control over the mineral rights.

The District of Columbia Term Royalty Deed that terminates upon expiration of lease is a legal document that outlines the transfer of royalties or mineral rights associated with a property in the District of Columbia. This type of deed is specifically designed for situations where the lease agreement between the property owner and the mineral rights' holder expires. In this arrangement, the property owner grants the tenant or mineral rights' holder the exclusive rights to exploit and extract any minerals or royalties present on the property for a specified period. However, once the lease agreement reaches its expiration date or any other agreed-upon termination event occurs, the rights granted by the deed automatically terminate. It is important to note that there might be various types of District of Columbia Term Royalty Deeds that terminate upon the expiration of the lease, depending on the specific nature of the lease agreement and the parties involved. Some potential variations may include: 1. District of Columbia Short-Term Royalty Deed: This type of deed grants mineral rights for a relatively short duration, typically a few years or less. It terminates upon the expiration of the lease agreement, allowing the property owner to regain full control over the mineral rights. 2. District of Columbia Long-Term Royalty Deed: Unlike the short-term variation, this deed grants mineral rights for an extended period, which may span several decades. It also ceases to be effective once the lease agreement comes to an end, subsequently returning the mineral rights to the property owner. 3. District of Columbia Oil and Gas Royalty Deed: This specific type of royalty deed focuses on granting rights for the extraction of oil and gas resources. It operates under the same principle, terminating upon the expiration of the lease agreement regardless of the defined duration. 4. District of Columbia Mineral Royalty Deed: This broad term encompasses royalty deeds that cover the extraction of various minerals, such as coal, iron ore, gold, or silver. The deed terminates upon lease expiration, preventing the tenant from continuing the extraction activities. In conclusion, the District of Columbia Term Royalty Deed that terminates upon the expiration of the lease is a legal document used to transfer mineral rights for a specific duration. There are various types of such deeds, including short-term, long-term, oil and gas-focused, and mineral-focused variations. Each deed ceases to be effective once the lease agreement expires, enabling the property owner to regain full control over the mineral rights.