This form is used to when it has been discovered that through a drafting error the (Fraction or Percentage ) interest in the mineral estate conveyed in a Deed was stated incorrectly. It is the purpose of this instrument and the intention of Grantor and Grantee to correct this error, and to accurately state the actual mineral interest intended to be conveyed by the Deed.
Missouri Correction to Mineral Deed As to Interest Conveyed: A Detailed Description When it comes to real estate transactions involving mineral rights, ensuring accuracy and clarity in the deed is of utmost importance. However, mistakes or omissions can occur, leading to the need for a correction to the mineral deed. In Missouri, the Correction to Mineral Deed As to Interest Conveyed is a legal document used to rectify errors or clarify the conveyed interests regarding mineral rights. Keywords: Missouri, Correction to Mineral Deed, Interest Conveyed, real estate, mineral rights, accuracy, clarity, legal document, rectify errors, clarify conveyed interests. Types of Missouri Correction to Mineral Deed As to Interest Conveyed: 1. Correcting Inaccurate Descriptions: One common type of correction involves correcting inaccurate or incomplete descriptions of the mineral rights. This may include correcting the legal description of the property or amending the specific details of the conveyed interest in the mineral rights such as fractions or percentages. 2. Resolving Ownership Discrepancies: In some cases, discrepancies or disputes may arise regarding the ownership of the mineral rights. The Correction to Mineral Deed can be used to clarify and correct any mistakes or misunderstandings related to the parties involved in the conveyance of the interests, ensuring a clear and undisputed ownership record. 3. Updating Interest Shares or Divisions: Over time, the interests in mineral rights may change due to inheritances, partitioning, or sales. The correction document can be employed to accurately update these interest shares or divisions among different parties, reflecting the current ownership structure. 4. Adding or Removing Co-Owners: Sometimes, it becomes necessary to add or remove co-owners from the mineral rights. This commonly occurs due to changes in partnerships or the acquisition or disposal of partial interests. The correction deed enables the modification of co-ownership details, ensuring accurate records of all parties involved. 5. Rectifying Factual Mistakes: If any factual errors are present in the original mineral deed, such as incorrect names, addresses, or any other relevant information, the Correction to Mineral Deed can be utilized to rectify these mistakes and maintain an accurate and up-to-date record. In conclusion, the Correction to Mineral Deed As to Interest Conveyed is a vital legal document used in Missouri to rectify errors or clarify the conveyed interests pertaining to mineral rights. By addressing inaccuracies, disputes, ownership changes, co-ownership modifications, or factual mistakes, this document ensures the accuracy and completeness of records, providing clarity and peace of mind to all parties involved in real estate transactions involving mineral rights.
