Minnesota Royalty Deed with Limited Warranty is a legal document used in real estate transactions involving mineral rights and royalties in the state of Minnesota. This type of deed conveys ownership of these rights from the granter (seller) to the grantee (buyer) with certain limited warranties. The Minnesota Royalty Deed with Limited Warranty guarantees that the granter has the legal right to transfer the mineral rights and royalties to the grantee. It assures that the granter has not encumbered or diminished these rights in any way, except as specifically stated in the deed. This provides the grantee with a level of protection against any unforeseen claims or disputes related to the mineral rights or royalties. There are different types of Minnesota Royalty Deed with Limited Warranty that may vary based on specific requirements or provisions. These include: 1. Mineral Royalty Deed with Limited Warranty: This type of deed exclusively transfers ownership of mineral royalties, such as the right to receive a percentage of profits from the extraction or production of minerals on a property. 2. Oil and Gas Royalty Deed with Limited Warranty: This deed specifically focuses on transferring ownership of oil and gas royalties from the granter to the grantee. It may include specific clauses related to oil and gas extraction and production rights. 3. Natural Resource Royalty Deed with Limited Warranty: This type of deed covers a broader range of natural resources and royalties, including minerals, oil, gas, or any other valuable resources found on the property. The Minnesota Royalty Deed with Limited Warranty is crucial for buyers interested in acquiring mineral rights or royalties in the state. It ensures that the grantee receives a clear and marketable title to the property, free from any encumbrances that may impact the value or use of these rights. It is important for both parties involved in the transaction to seek legal advice and thoroughly understand the terms and provisions of the deed before signing.
Minnesota Royalty Deed with Limited Warranty
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