Idaho 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. Idaho Royalty Deed with Limited Warranty is a legal document that transfers the ownership rights of mineral royalties from one party, known as the Granter, to another party, known as the Grantee. This type of deed is commonly used in Idaho to establish and clarify the ownership of mineral rights and provide limited warranties regarding the title. A Royalty Deed with Limited Warranty in Idaho contains several important elements. Firstly, it identifies the Granter and Grantee, providing their legal names and addresses. Secondly, it specifies the consideration or financial compensation exchanged for the transfer of the mineral royalties. Furthermore, the deed describes the property in detail, including its legal description and any specific limitations or conditions associated with the transfer. The document may also outline any reservations, exceptions, or rights reserved by the Granter, such as retaining the right to enter and explore the property for mining purposes. The Limited Warranty aspect of the deed provides a certain level of assurance to the Grantee regarding the title of the mineral royalties. However, it is important to note that this type of warranty does not cover the entire chain of title, as it only guarantees that the Granter has not encumbered or transferred the royalties to another party, except as explicitly stated in the deed. It's essential to understand that different variations of Idaho Royalty Deed with Limited Warranty may exist, tailored to specific circumstances or preferences. Some possible variations include: 1. Idaho Royalty Deed with Limited Warranty — With Surface Rights: This type of deed not only transfers mineral royalties but also includes the rights to use the surface of the property for mining activities. 2. Idaho Royalty Deed with Limited Warranty — Non-Exclusive: This variation allows the Granter to transfer the mineral royalties to multiple parties, indicating that the Grantee will hold a non-exclusive interest in the royalties. 3. Idaho Royalty Deed with Limited Warranty — Specific Minerals: In some cases, the transfer may be limited to specific types of minerals, such as coal, natural gas, or precious metals, rather than encompassing all minerals found on the property. These variations help cater to the specific needs and agreements between the Granter and the Grantee, ensuring an accurate and comprehensive transfer of mineral royalties under Idaho law. In conclusion, an Idaho Royalty Deed with Limited Warranty is a legal instrument used to transfer the ownership rights of mineral royalties. It provides limited warranties regarding the title and may vary based on specific circumstances, such as surface rights, exclusivity, or the type of minerals being transferred.

Idaho Royalty Deed with Limited Warranty is a legal document that transfers the ownership rights of mineral royalties from one party, known as the Granter, to another party, known as the Grantee. This type of deed is commonly used in Idaho to establish and clarify the ownership of mineral rights and provide limited warranties regarding the title. A Royalty Deed with Limited Warranty in Idaho contains several important elements. Firstly, it identifies the Granter and Grantee, providing their legal names and addresses. Secondly, it specifies the consideration or financial compensation exchanged for the transfer of the mineral royalties. Furthermore, the deed describes the property in detail, including its legal description and any specific limitations or conditions associated with the transfer. The document may also outline any reservations, exceptions, or rights reserved by the Granter, such as retaining the right to enter and explore the property for mining purposes. The Limited Warranty aspect of the deed provides a certain level of assurance to the Grantee regarding the title of the mineral royalties. However, it is important to note that this type of warranty does not cover the entire chain of title, as it only guarantees that the Granter has not encumbered or transferred the royalties to another party, except as explicitly stated in the deed. It's essential to understand that different variations of Idaho Royalty Deed with Limited Warranty may exist, tailored to specific circumstances or preferences. Some possible variations include: 1. Idaho Royalty Deed with Limited Warranty — With Surface Rights: This type of deed not only transfers mineral royalties but also includes the rights to use the surface of the property for mining activities. 2. Idaho Royalty Deed with Limited Warranty — Non-Exclusive: This variation allows the Granter to transfer the mineral royalties to multiple parties, indicating that the Grantee will hold a non-exclusive interest in the royalties. 3. Idaho Royalty Deed with Limited Warranty — Specific Minerals: In some cases, the transfer may be limited to specific types of minerals, such as coal, natural gas, or precious metals, rather than encompassing all minerals found on the property. These variations help cater to the specific needs and agreements between the Granter and the Grantee, ensuring an accurate and comprehensive transfer of mineral royalties under Idaho law. In conclusion, an Idaho Royalty Deed with Limited Warranty is a legal instrument used to transfer the ownership rights of mineral royalties. It provides limited warranties regarding the title and may vary based on specific circumstances, such as surface rights, exclusivity, or the type of minerals being transferred.