Description: A North Carolina Gift Deed of Mineral Interest with No Warranty is a legal document used to transfer ownership of mineral rights in North Carolina from one party (the donor) to another (the done) as a gift. This type of deed is commonly used when the donor wants to gift their mineral rights without providing any warranty or guarantee of the title. Keywords: North Carolina, Gift Deed, Mineral Interest, No Warranty, transfer ownership, legal document, donor, done, gift, mineral rights, title. Types of North Carolina Gift Deed of Mineral Interest with No Warranty: 1. General North Carolina Gift Deed of Mineral Interest with No Warranty: This type of gift deed transfers the complete ownership of mineral rights from the donor to the done, with no warranties or guarantees regarding the title. 2. Partial North Carolina Gift Deed of Mineral Interest with No Warranty: In this case, the donor transfers only a portion or fraction of their mineral rights to the done as a gift, without providing any warranty or guarantee. 3. Reserved Override North Carolina Gift Deed of Mineral Interest with No Warranty: This gift deed involves the donor reserving an override interest in the mineral rights, which means they retain the right to receive a specific percentage or amount of the future mineral production, while still gifting the remaining interest to the done. This type of gift deed also contains no warranty or guarantee. 4. Enhanced North Carolina Gift Deed of Mineral Interest with No Warranty: This variation of the gift deed includes additional provisions for the protection of the done's interests, such as stipulations regarding surface access or development restrictions. It still carries no warranty or guarantee of the mineral rights title.
North Carolina Gift Deed of Mineral Interest with No Warranty
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A property owner formally transfers North Carolina real estate to a new owner by signing a deed and recording it in the register of deeds office. North Carolina law recognizes several types of deeds an owner can use to transfer property during life.
No deed or other writing purporting to convey land or an interest in land shall be declared void for vagueness in the description of the thing intended to be granted by reason of the use of the word "adjoining" instead of the words "bounded by," or for the reason that the boundaries given do not go entirely around the ...
To be validly registered pursuant to G.S. 47-20, a deed of trust or mortgage of a leasehold interest or other chattel real must be registered in the county where the land involved lies, or if the land involved is located in more than one county, then the deed of trust or mortgage must be registered in each county where ...
Deeds are filed with the county Register of Deeds office. To look at a deed you can: Go to your Register of Deeds Office and look at the document there.
In real estate, deeds are legal documents that transfer ownership of a property from one party to another. A gift deed is a notarized legal document that freely transfers property from one party to another.
While unrecorded deeds are still enforceable as to the buyer and seller, they don't give the rest of the world notice of the purchase. Therefore, the unrecorded deed runs the risk of being unenforceable should a later purchaser of the same property challenge your deed, especially if they've recorded their deed.
In North Carolina, a Gift Deed must be recorded to be considered valid. The deed must be proved in due form and registered within two years, otherwise it will be considered void (N.C.G.S. 47-26).
An unrecorded deed is a deed for real property that neither the buyer nor the seller has delivered to an appropriate government agency. Unrecorded deeds can present many issues for sellers (or grantors) and buyers (or grantees) such as proof of ownership and tax implications.
