North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-319
• Format: Word; Rich Text

Description

This form is used by the grantor to convey, sell and assign to the grantee, all of the surface estate including the oil, gas, and mineral interest located in and under the lands. A North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that transfers ownership of both the surface and mineral rights of a property in North Carolina, while specifically reserving the coal rights for the granter. This type of deed ensures that the granter retains the ownership and control over any potential coal reserves on the property. This deed is commonly used in situations where the granter wants to convey the surface and mineral rights to the grantee, but intends to retain ownership of any coal deposits. By reserving the coal rights, the granter maintains the ability to exploit or lease the coal resources in the future. The North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is particularly relevant in areas with a history of coal mining. It ensures that the grantee receives full ownership and control of the surface and mineral rights, except coal reserves, which remain under the granter's ownership. Different types of North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal may include variations based on specific terms and conditions agreed upon by the granter and grantee. These may include the duration of the reservation, conditions for exploration or extraction of coal, and any royalties or compensation associated with future coal mining activities. When drafting or executing this type of deed, it is paramount to consult with a legal professional to ensure all relevant laws and regulations are followed, and all parties' interests and rights are protected. Parties involved in such transactions should also be aware of any additional requirements or permits that may be necessary for coal mining in North Carolina. In summary, a North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used to transfer ownership of both surface and mineral rights, while specifically reserving the coal rights for the granter. It is essential for parties involved to consult with a legal professional and be aware of any specific variations or requirements that may be applicable to their situation.

A North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document that transfers ownership of both the surface and mineral rights of a property in North Carolina, while specifically reserving the coal rights for the granter. This type of deed ensures that the granter retains the ownership and control over any potential coal reserves on the property. This deed is commonly used in situations where the granter wants to convey the surface and mineral rights to the grantee, but intends to retain ownership of any coal deposits. By reserving the coal rights, the granter maintains the ability to exploit or lease the coal resources in the future. The North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is particularly relevant in areas with a history of coal mining. It ensures that the grantee receives full ownership and control of the surface and mineral rights, except coal reserves, which remain under the granter's ownership. Different types of North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal may include variations based on specific terms and conditions agreed upon by the granter and grantee. These may include the duration of the reservation, conditions for exploration or extraction of coal, and any royalties or compensation associated with future coal mining activities. When drafting or executing this type of deed, it is paramount to consult with a legal professional to ensure all relevant laws and regulations are followed, and all parties' interests and rights are protected. Parties involved in such transactions should also be aware of any additional requirements or permits that may be necessary for coal mining in North Carolina. In summary, a North Carolina Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used to transfer ownership of both surface and mineral rights, while specifically reserving the coal rights for the granter. It is essential for parties involved to consult with a legal professional and be aware of any specific variations or requirements that may be applicable to their situation.