A mineral deed is a document that transfers mineral rights in a property, which may include the right to disturb the surface to access the minerals. Mineral rights deal with the privilege of gaining income from the sale of oil, gas, and other valuable resources found on or below land. Mineral rights can be sold or leased separately from the land ownership. There is a considerable difference of court opinion as to the character of the interest created by such conveyance. Under the ownership-in-place theory, a fee simple estate in whatever mineral is conveyed passes to the grantee, but in states rejecting that theory, no definite title of any kind passes, and the grantee gains only the right to acquire title by entering on the land and extracting the specified mineral.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
A Michigan Warranty Deed Conveying Oil, Gas, and Minerals — Mineral Rights Transfer is a legal document used in the state of Michigan to transfer the ownership of mineral rights, specifically those related to oil, gas, and minerals. This type of deed ensures that the seller (granter) guarantees that they hold the legal rights to the minerals being conveyed, and that they have the authority to transfer those rights to the buyer (grantee). Keywords: Michigan Warranty Deed, Conveying Oil, Gas, and Minerals, Mineral Rights Transfer. There are several types of Michigan Warranty Deeds related to the conveyance of oil, gas, and minerals. These include: 1. Michigan General Warranty Deed Conveying Oil, Gas, and Minerals — This type of deed transfers ownership of oil, gas, and mineral rights from the granter to the grantee. The granter guarantees that they have the lawful authority to convey such rights and that the property is free from any encumbrances. 2. Michigan Special Warranty Deed Conveying Oil, Gas, and Minerals — This deed also transfers the ownership of oil, gas, and mineral rights. However, unlike a general warranty deed, the granter only guarantees that they have not encumbered the property during their ownership. 3. Michigan Quitclaim Deed Conveying Oil, Gas, and Minerals — A quitclaim deed transfers thgranteror's interested in the property without any warranties or guarantees. It simply conveys whatever rights the granter has, if any, in the oil, gas, and mineral rights. When conveying oil, gas, and minerals using a warranty deed, it is crucial to thoroughly research the property records and titles to ensure a clear and marketable title. It's also advisable to consult with an attorney experienced in Michigan real estate law to ensure a smooth and valid transfer of mineral rights. In conclusion, a Michigan Warranty Deed Conveying Oil, Gas, and Minerals — Mineral Rights Transfer is a legal document used to transfer ownership of oil, gas, and mineral rights in Michigan. Different types of warranty deeds, such as the general warranty deed, special warranty deed, and quitclaim deed, may be used for this purpose. Consulting with a professional in Michigan real estate law is highly recommended ensuring a successful transfer of mineral rights.
