Maine Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal
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How to fill out Warranty Deed For Surface And Mineral Interests, With Reservation Of All Coal?
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FAQ
A quit claim deed does not contain any warranty of title, so the grantor in a quit claim deed makes no promises as to the quality of the grantor's title to the property, or even that that the grantor has any title to the property.
An owner can separate the mineral rights from land by: Conveying (selling or otherwise transferring) the land while retaining the mineral rights. (This is accomplished by including a statement in the deed conveying the land that reserves all rights to the minerals to the seller.)
Notary fees are normally charged to the party whose signature is being notarized. For the warranty deed, that is the seller.
A warranty deed makes a promise to the buyer that the seller has good title to the property. A quitclaim deed, on the other hand, makes no promises. A quitclaim deed just says; whatever interest I have in this property, I give to you.
Yes, it can be beneficial to sell your mineral rights for a fair price, even producing rights. First, sellers must be aware of the different stages of the production process. They must also know the value their minerals and royalties command in every development stage.
Whether there's been a death, divorce or change of personal circumstances, there may be a reason for you to remove a name from a property deed. This process is done using a deed of conveyance, which is either in the form of a quitclaim deed or a warranty deed.
The warranty of ownership assures the buyer that: The property is free of all rights except those declared by the seller. The seller has discharged the property of all hypothecs, except for those assumed by the buyer. The property is not subject to any encroachment on the part of the seller or a third person.
A mineral deed is just like a warranty deed, accept it only transfers the minerals in the sub surface of a property. A warranty deed can be used transfer both the surface, and mineral rights. But a mineral deed can only be used to transfer the minerals.