Georgia Royalty Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-043
• Format: Word; Rich Text

Description

This form conveys a royalty interest with a limited warranty. Georgia Royalty Deed with Limited Warranty is a legal document used in the state of Georgia to transfer ownership of mineral rights or royalty interests from one party to another. This type of deed is commonly used in the oil, gas, and mining industries. A Royalty Deed with Limited Warranty guarantees that the seller (granter) holds title to the mineral rights or royalties being transferred, and that they have not encumbered or sold these rights to any other party. However, unlike a General Warranty Deed, a Royalty Deed with Limited Warranty provides less protection to the buyer (grantee) and does not ensure complete freedom from potential title issues. The limited warranty in this type of deed means that the granter guarantees the title against any claims arising from their actions or omissions. They do not, however, guarantee the title against claims or defects that originated before they acquired the property. This limited warranty allows the granter to minimize their liability and potential claims against them. There are two main types of Georgia Royalty Deed with Limited Warranty: 1. Royalty Deed with Limited Warranty — This type of deed specifically transfers only royalty interests from the seller to the buyer. Royalties refer to a share of the revenue generated from the extraction of minerals, oil, or gas from a property. This deed ensures that the ownership of these royalties is passed to the buyer. 2. Mineral Rights Deed with Limited Warranty — This deed transfers the ownership of mineral rights from the seller to the buyer. Mineral rights encompass the rights to extract, mine, and benefit from any minerals present on the property, including oil, gas, coal, precious metals, and more. This deed guarantees that the buyer will now have legal ownership of these valuable rights. In summary, a Georgia Royalty Deed with Limited Warranty is a legal instrument used to transfer ownership of mineral rights or royalties. It provides a limited guarantee of title by the seller, ensuring that they have the authority to transfer these rights. The two main types of this deed are the Royalty Deed with Limited Warranty, transferring royalty interests, and the Mineral Rights Deed with Limited Warranty, transferring ownership of mineral rights.

Georgia Royalty Deed with Limited Warranty is a legal document used in the state of Georgia to transfer ownership of mineral rights or royalty interests from one party to another. This type of deed is commonly used in the oil, gas, and mining industries. A Royalty Deed with Limited Warranty guarantees that the seller (granter) holds title to the mineral rights or royalties being transferred, and that they have not encumbered or sold these rights to any other party. However, unlike a General Warranty Deed, a Royalty Deed with Limited Warranty provides less protection to the buyer (grantee) and does not ensure complete freedom from potential title issues. The limited warranty in this type of deed means that the granter guarantees the title against any claims arising from their actions or omissions. They do not, however, guarantee the title against claims or defects that originated before they acquired the property. This limited warranty allows the granter to minimize their liability and potential claims against them. There are two main types of Georgia Royalty Deed with Limited Warranty: 1. Royalty Deed with Limited Warranty — This type of deed specifically transfers only royalty interests from the seller to the buyer. Royalties refer to a share of the revenue generated from the extraction of minerals, oil, or gas from a property. This deed ensures that the ownership of these royalties is passed to the buyer. 2. Mineral Rights Deed with Limited Warranty — This deed transfers the ownership of mineral rights from the seller to the buyer. Mineral rights encompass the rights to extract, mine, and benefit from any minerals present on the property, including oil, gas, coal, precious metals, and more. This deed guarantees that the buyer will now have legal ownership of these valuable rights. In summary, a Georgia Royalty Deed with Limited Warranty is a legal instrument used to transfer ownership of mineral rights or royalties. It provides a limited guarantee of title by the seller, ensuring that they have the authority to transfer these rights. The two main types of this deed are the Royalty Deed with Limited Warranty, transferring royalty interests, and the Mineral Rights Deed with Limited Warranty, transferring ownership of mineral rights.