A District of Columbia Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document that allows the transfer of mineral rights from one party to another in the District of Columbia. This type of deed specifically grants the mineral rights to the grantee while reserving a nonparticipating royalty interest for the granter. In the District of Columbia, there are two main types of Mineral Deeds with Granter Reserving Nonparticipating Royalty Interest: 1. District of Columbia Mineral Deed with Granter Reserving Nonparticipating Royalty Interest — This is a standard mineral deed that transfers the exclusive rights to extract minerals to the grantee, while the granter retains a nonparticipating royalty interest. This means that the granter continues to receive a portion of the profits or a specific royalty fee from the production of minerals on the property while giving up any say in the extraction process. 2. District of Columbia Mineral Deed with Granter Reserving Nonparticipating Royalty Interest and Right to Reenter — This type of deed includes an additional provision that allows the granter to reenter the property if certain conditions are met. For example, if the mineral extraction activity ceases for a specified period or if the grantee violates any terms of the deed, the granter may have the right to reenter the property and regain the mineral rights. Keywords: District of Columbia, Mineral Deed, Granter, Reserving Nonparticipating Royalty Interest, rights to extract minerals, nonparticipating royalty, exclusive rights, profits, royalty fee, property, extraction process, right to reenter, violation of terms.
District of Columbia Mineral Deed with Grantor Reserving Nonparticipating Royalty Interest
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