A Louisiana Royalty Deed with Limited Warranty is a legal document used in Louisiana to convey ownership of royalty interests in oil, gas, or mineral rights. This type of deed ensures that the seller or granter guarantees to the buyer or grantee that they have the legal right to transfer the said royalty interests without any encumbrances, except for those specifically listed in the document. Keywords: Louisiana Royalty Deed, Limited Warranty, oil, gas, mineral rights, legal document, convey ownership, seller, granter, buyer, grantee, encumbrances. There are two main types of Louisiana Royalty Deeds with Limited Warranty: 1. Louisiana Royalty Deed with Limited Warranty to Mineral Owner: This type of deed is used when the seller or granter is the current owner of the mineral rights and wishes to transfer a portion or all of their royalty interests to the buyer or grantee. The limited warranty provided by the granter ensures that they have the legal right to sell the royalty interests, but does not provide guarantees regarding the title or the quality of the minerals. 2. Louisiana Royalty Deed with Limited Warranty in Oil and Gas Lease: This type of deed is used when the seller or granter is the lessee or the holder of an oil and gas lease that includes royalty interests. The granter transfers their royalty interests in the lease to the grantee, providing a limited warranty that they have the authority to do so and that the royalty interests are not already encumbered by third-party claims. However, similar to the previous type, this limited warranty does not address title issues or the quality of the minerals. It is important to note that while a Louisiana Royalty Deed with Limited Warranty provides some level of assurance to the buyer or grantee, it does not offer the same level of protection as a warranty deed. Therefore, it is recommended to consult with a qualified attorney or professional experienced in Louisiana real estate and mineral rights law before executing such a document.
Louisiana Royalty Deed with Limited Warranty
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