Description: A Guam Mineral Deed with Limited Warranty is a legal document used to transfer ownership of mineral rights in Guam, an unincorporated territory of the United States. This deed provides limited guarantees of ownership, protecting the grantee from any defects that may arise during the granter's ownership period. The Guam Mineral Deed with Limited Warranty is typically used in transactions where the seller, known as the granter, wishes to convey their interest in mineral rights to a buyer, known as the grantee. This type of deed ensures that the granter has the authority to sell the mineral rights and that there are no undisclosed claims or encumbrances on the property. Keywords: — Guam: This refers to the unincorporated territory where the mineral deed is applicable. — Mineral Deed: The legal document that transfers ownership of mineral rights. — Limited Warranty: Indicates the restricted guarantees provided by the granter. — Transfer of Ownership: The process of transferring mineral rights from the granter to the grantee. — Defects: Any issues or problems that may arise in the ownership of the mineral rights. — Encumbrances: Claims or restrictions on the property that could limit or affect the ownership rights. Types: Different types of Guam Mineral Deeds with Limited Warranty may include variations based on the specific mineral rights being transferred or the terms and conditions set forth in the deed. Some possible variations may include: 1. Oil and Gas Mineral Deed with Limited Warranty: This type of deed specifically transfers ownership of oil and gas rights in Guam with limited warranty protection. 2. Metallic Minerals Mineral Deed with Limited Warranty: This variation is used to transfer ownership of metallic mineral rights, such as copper or gold, with limited warranty guarantees. 3. Non-Metallic Minerals Mineral Deed with Limited Warranty: This type of deed applies to the transfer of ownership for non-metallic minerals, including sand, gravel, or limestone, while providing limited warranty assurances. 4. Specific Timeframe Limited Warranty Mineral Deed: This variation may stipulate a limited warranty period during which the granter is responsible for any defects arising from their ownership, beyond which the grantee assumes full responsibility. These variations are not exhaustive, and the specific types of Guam Mineral Deeds with Limited Warranty may differ based on individual circumstances, agreements, and legal requirements.
Guam Mineral Deed with Limited Warranty
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