Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-042
• Format: Word; Rich Text

Description

This form provides for a conveyance of a nonparticipating royalty interest in specific lands. A Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document used in the state of Kansas to transfer ownership of a nonparticipating royalty interest in oil, gas, or mineral rights from one party to another as a gift. This type of gift deed specifically disclaims any warranties or guarantees on the property. In Kansas, there are two common types of Gift Deed of Nonparticipating Royalty Interest with No Warranty: 1. Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty for Oil Rights: This type of deed is used when the gift involves the transfer of nonparticipating royalty interest specifically related to oil rights in the state of Kansas. It follows the legal requirements and provisions set forth by Kansas law. 2. Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty for Gas or Mineral Rights: This type of deed is tailored for gifts involving nonparticipating royalty interest in either gas rights or mineral rights within the state of Kansas. It ensures compliance with the relevant Kansas laws and regulations governing such transfers. When drafting a Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty, it is essential to include specific keywords and provisions to ensure its validity and enforceability. These keywords may include: 1. "Granter" and "Grantee": Clearly identify both parties involved in the transfer, with the Granter being the person granting the gift, and the Grantee as the recipient. 2. "Nonparticipating Royalty Interest": Clearly define the type of interest being gifted, whether it is in oil, gas, or mineral rights. 3. "No Warranty": Explicitly state that the Granter provides no warranties or guarantees related to the ownership, value, productivity, or any future obligations pertaining to the nonparticipating royalty interest. 4. "Consideration": While this is a gift deed and no monetary consideration is involved, it is recommended to include a nominal consideration of "One Dollar ($1)" for legal purposes. 5. "Legal Description": Provide a precise and detailed legal description of the interest being conveyed, including the legal land description, survey details, and reference to any relevant county records. 6. "Recording": Specify that the deed will be recorded in the appropriate county registry to ensure its public decoration and validity. 7. "Severability": Include a severability clause stating that if any provision in the deed is found invalid, it will not affect the enforceability of the remaining provisions. It is important to consult with a qualified attorney to ensure the Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty complies with the specific requirements and provisions of Kansas state law and to customize it according to the unique circumstances of the gift transfer.

A Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty is a legal document used in the state of Kansas to transfer ownership of a nonparticipating royalty interest in oil, gas, or mineral rights from one party to another as a gift. This type of gift deed specifically disclaims any warranties or guarantees on the property. In Kansas, there are two common types of Gift Deed of Nonparticipating Royalty Interest with No Warranty: 1. Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty for Oil Rights: This type of deed is used when the gift involves the transfer of nonparticipating royalty interest specifically related to oil rights in the state of Kansas. It follows the legal requirements and provisions set forth by Kansas law. 2. Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty for Gas or Mineral Rights: This type of deed is tailored for gifts involving nonparticipating royalty interest in either gas rights or mineral rights within the state of Kansas. It ensures compliance with the relevant Kansas laws and regulations governing such transfers. When drafting a Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty, it is essential to include specific keywords and provisions to ensure its validity and enforceability. These keywords may include: 1. "Granter" and "Grantee": Clearly identify both parties involved in the transfer, with the Granter being the person granting the gift, and the Grantee as the recipient. 2. "Nonparticipating Royalty Interest": Clearly define the type of interest being gifted, whether it is in oil, gas, or mineral rights. 3. "No Warranty": Explicitly state that the Granter provides no warranties or guarantees related to the ownership, value, productivity, or any future obligations pertaining to the nonparticipating royalty interest. 4. "Consideration": While this is a gift deed and no monetary consideration is involved, it is recommended to include a nominal consideration of "One Dollar ($1)" for legal purposes. 5. "Legal Description": Provide a precise and detailed legal description of the interest being conveyed, including the legal land description, survey details, and reference to any relevant county records. 6. "Recording": Specify that the deed will be recorded in the appropriate county registry to ensure its public decoration and validity. 7. "Severability": Include a severability clause stating that if any provision in the deed is found invalid, it will not affect the enforceability of the remaining provisions. It is important to consult with a qualified attorney to ensure the Kansas Gift Deed of Nonparticipating Royalty Interest with No Warranty complies with the specific requirements and provisions of Kansas state law and to customize it according to the unique circumstances of the gift transfer.