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Gift Deed of Mineral Interest with No Warranty

Maryland Gift Deed of Mineral Interest with No Warranty

Name: Maryland Gift Deed of Mineral Interest with No Warranty
Brand: US Legal Forms
Rating: 4.74 (379 reviews)

Category:

Oil Gas and Minerals - Deeds

State:

Multi-State

Control #:

US-OG-059

Format:

Instant download

Description

This form of deed conveys an interest in minerals, as a gift. In States, such as Texas, recognizing community property, a gift deed creates separate property in the grantee. Maryland Gift Deed of Mineral Interest with No Warranty is a legal document that transfers ownership of mineral rights from one person (the granter) to another (the grantee) as a gift. This type of deed is commonly used when the granter wants to gift their mineral interest to the grantee without any warranty or guarantee of the title's validity. Keywords: Maryland, Gift Deed, Mineral Interest, No Warranty, transfer of ownership, legal document, granter, grantee, mineral rights. Different Types of Maryland Gift Deed of Mineral Interest with No Warranty: 1. Maryland Gift Deed of Mineral Interest with No Warranty — Individual-to-Individual: This type of gift deed is used when an individual granter wishes to gift their mineral interest to another individual grantee, without providing any warranty or guarantee. 2. Maryland Gift Deed of Mineral Interest with No Warranty — Spouse-to-Spouse: This type of gift deed is specifically designed for spouses who want to transfer their mineral interest between them as a gift, without any warranty or guarantee. 3. Maryland Gift Deed of Mineral Interest with No Warranty — Parent-to-Child: This variant of the gift deed is commonly used when a parent wishes to gift their mineral interest to their child, ensuring that no warranty or guarantee is provided. 4. Maryland Gift Deed of Mineral Interest with No Warranty — Trustee-to-Beneficiary: In this scenario, a trustee transfers the mineral interest held in trust to a beneficiary as a gift, without any warranty or guarantee. 5. Maryland Gift Deed of Mineral Interest with No Warranty — Corporation-to-Individual: This type of gift deed is applicable when a corporation or company gifts its mineral interest to an individual, without providing any warranty or guarantee. Overall, a Maryland Gift Deed of Mineral Interest with No Warranty is a legally binding document used to transfer ownership of mineral rights as a gift, specifically in the state of Maryland. It ensures a straightforward transfer without warranties or guarantees, protecting both the granter and grantee's interests.

Maryland Gift Deed of Mineral Interest with No Warranty is a legal document that transfers ownership of mineral rights from one person (the granter) to another (the grantee) as a gift. This type of deed is commonly used when the granter wants to gift their mineral interest to the grantee without any warranty or guarantee of the title's validity. Keywords: Maryland, Gift Deed, Mineral Interest, No Warranty, transfer of ownership, legal document, granter, grantee, mineral rights. Different Types of Maryland Gift Deed of Mineral Interest with No Warranty: 1. Maryland Gift Deed of Mineral Interest with No Warranty — Individual-to-Individual: This type of gift deed is used when an individual granter wishes to gift their mineral interest to another individual grantee, without providing any warranty or guarantee. 2. Maryland Gift Deed of Mineral Interest with No Warranty — Spouse-to-Spouse: This type of gift deed is specifically designed for spouses who want to transfer their mineral interest between them as a gift, without any warranty or guarantee. 3. Maryland Gift Deed of Mineral Interest with No Warranty — Parent-to-Child: This variant of the gift deed is commonly used when a parent wishes to gift their mineral interest to their child, ensuring that no warranty or guarantee is provided. 4. Maryland Gift Deed of Mineral Interest with No Warranty — Trustee-to-Beneficiary: In this scenario, a trustee transfers the mineral interest held in trust to a beneficiary as a gift, without any warranty or guarantee. 5. Maryland Gift Deed of Mineral Interest with No Warranty — Corporation-to-Individual: This type of gift deed is applicable when a corporation or company gifts its mineral interest to an individual, without providing any warranty or guarantee. Overall, a Maryland Gift Deed of Mineral Interest with No Warranty is a legally binding document used to transfer ownership of mineral rights as a gift, specifically in the state of Maryland. It ensures a straightforward transfer without warranties or guarantees, protecting both the granter and grantee's interests.

How to fill out Maryland Gift Deed Of Mineral Interest With No Warranty?

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A Maryland deed is used to transfer ownership in real estate from one person (usually called the grantor, or seller) to another (usually called the grantee, or buyer). In Maryland a deed must include the name of the grantor and the grantee, the consideration paid for the property.

As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. Include all relevant documents, affidavits, forms, and fees with the along with the deed for recording as well.

If the grantor and grantee are family and share ownership of a home or piece of land, the grantor can use a quitclaim deed to release their title, rights, and interests. This deed type may not be appropriate for other property transfers, such as putting your house on the market or making any other real estate deal.

Approximately one month after your settlement date, you should have received your original recorded deed.

A Maryland quitclaim deed gives the new owner whatever right, title, and interest the current owner holds in the property with no covenants of title or warranty. The new owner receives the property ?on an as is, where is basis? and bears all risk of title problems.

To take someone's name off a deed, a new deed must be prepared to transfer the property from all of the current owners to all of the remaining owners.

A Maryland special warranty deed is another legal document that conveys real property, also known as real estate, from a seller to a buyer. Similar to a warranty deed, it provides a guarantee running from the seller to the buyer. However, unlike a warranty deed, it provides a limited guarantee only.

Do transfer on death deeds work in Maryland? No, Maryland does not recognize transfer on death deeds. These types of deeds allow for property to transfer to a named recipient as soon as the property owner dies. The purpose of transfer on death deeds is to avoid probate.

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Make the steps below to fill out Gift Deed of Mineral Interest with No Warranty online quickly and easily: Log in to your account. Sign up with your ... Valid deeds must meet the following requirements: The grantor must intend to make a present gift of the property, the grantor must deliver the property to the ...Commingling and Entirety Agreement (By Royalty Owners, varying ownership) · Gift Deed of Nonparticipating Royalty Interest (With No Warranty) · Royalty Deed (With ... Jun 30, 2016 — The appraisal must be prepared no sooner than 60 days prior to the date of gift; however, donors are not required to have the appraisal in hand. May 31, 2023 — General warranty deeds provide grantees (buyers) with the most protection. Special warranty deed. The grantor is warranting that the title is ... This deed usually does not include warranties as to the title of the property ... A mineral deed conveys the rights to subsurface land or profits. Quitclaim Deed. This Gift Deed conveys to the Grantee all of the Grantor s interest in lands (including all surface, mineral, and royalty interests). A Montgomery Maryland ... Generally, Agents National Title authorizes its agents to insure gift deeds provided the circumstance under which the gift deed is given is otherwise normal and ... Jun 14, 2023 — The deed should include a legal description of the inherited mineral rights and a warranty of title from the grantor. These documents must ... The Grantor must fill out a Declaration of Value, Ground Water Hazard Statement and pay transfer taxes on the property before the deed will be accepted for ...

Maryland Gift Deed of Mineral Interest with No Warranty

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How to fill out Maryland Gift Deed Of Mineral Interest With No Warranty?

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FAQ

How do I transfer ownership of a house in Maryland?

How do I gift a deed in Maryland?

What does a quitclaim deed do in Maryland?

How long does it take to record a deed in Maryland?

How does a quit claim deed work in Maryland?

How do I remove someone from my deed in Maryland?

What is a special warranty deed in Maryland?

Does Maryland allow transfer on death deeds?

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What is a Gift Deed of Mineral Interest with No Warranty?

Why would someone use a Gift Deed of Mineral Interest with No Warranty?

What does 'No Warranty' mean in a Gift Deed of Mineral Interest?

Can a Gift Deed of Mineral Interest with No Warranty be revoked?

Does a Gift Deed of Mineral Interest with No Warranty need to be notarized?

What happens if there is a dispute over the ownership of the mineral rights?

Are there any risks associated with accepting a Gift Deed of Mineral Interest with No Warranty?

Can a Gift Deed of Mineral Interest with No Warranty be challenged in court?

What is the difference between a Warranty Deed and a Gift Deed of Mineral Interest with No Warranty?

Can a Gift Deed of Mineral Interest with No Warranty be used for commercial purposes?

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