Nebraska Royalty Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-043
• Format: Word; Rich Text

Description

This form conveys a royalty interest with a limited warranty. Keywords: Nebraska, Royalty Deed, Limited Warranty, Types Nebraska Royalty Deed with Limited Warranty is a legal document used in the state of Nebraska to transfer ownership of mineral rights, royalties, or other interests in oil, gas, or minerals. It is commonly used in real estate transactions, primarily in the context of oil and gas leases or land contracts. In a Nebraska Royalty Deed with Limited Warranty, the granter (seller) guarantees that they have legal ownership and the right to transfer the specified interests to the grantee (buyer). However, the granter does not provide a comprehensive warranty of title, only limited protection against claims arising during the granter's ownership. This type of deed is often used when the granter wants to limit their liability for any future title defects or claims that may arise after the transfer. It provides some level of assurance to the grantee, but it is not as extensive as a General Warranty Deed. There can be variations or additional types of Nebraska Royalty Deed with Limited Warranty based on specific circumstances or agreements, such as: 1. Nebraska Oil Royalty Deed with Limited Warranty: This type of deed is specifically used for transferring oil-related interests, such as oil royalties, working interests, or override royalties. 2. Nebraska Gas Royalty Deed with Limited Warranty: Similarly, this type of deed is used for transferring gas-related interests, including royalties or other rights to natural gas extraction. 3. Nebraska Mineral Royalty Deed with Limited Warranty: This variation is broader and encompasses all types of mineral interests, such as oil, gas, coal, or any other mineral rights. In any of the above variations, the Limited Warranty clause serves as a declaration and guarantees that the granter has not encumbered or transferred the interest to any other party, except as expressly mentioned in the deed. It is essential to consult with a qualified attorney or legal professional when dealing with royalty deeds in Nebraska to ensure compliance with state laws and regulations and to address any specific requirements of the transaction.

Keywords: Nebraska, Royalty Deed, Limited Warranty, Types Nebraska Royalty Deed with Limited Warranty is a legal document used in the state of Nebraska to transfer ownership of mineral rights, royalties, or other interests in oil, gas, or minerals. It is commonly used in real estate transactions, primarily in the context of oil and gas leases or land contracts. In a Nebraska Royalty Deed with Limited Warranty, the granter (seller) guarantees that they have legal ownership and the right to transfer the specified interests to the grantee (buyer). However, the granter does not provide a comprehensive warranty of title, only limited protection against claims arising during the granter's ownership. This type of deed is often used when the granter wants to limit their liability for any future title defects or claims that may arise after the transfer. It provides some level of assurance to the grantee, but it is not as extensive as a General Warranty Deed. There can be variations or additional types of Nebraska Royalty Deed with Limited Warranty based on specific circumstances or agreements, such as: 1. Nebraska Oil Royalty Deed with Limited Warranty: This type of deed is specifically used for transferring oil-related interests, such as oil royalties, working interests, or override royalties. 2. Nebraska Gas Royalty Deed with Limited Warranty: Similarly, this type of deed is used for transferring gas-related interests, including royalties or other rights to natural gas extraction. 3. Nebraska Mineral Royalty Deed with Limited Warranty: This variation is broader and encompasses all types of mineral interests, such as oil, gas, coal, or any other mineral rights. In any of the above variations, the Limited Warranty clause serves as a declaration and guarantees that the granter has not encumbered or transferred the interest to any other party, except as expressly mentioned in the deed. It is essential to consult with a qualified attorney or legal professional when dealing with royalty deeds in Nebraska to ensure compliance with state laws and regulations and to address any specific requirements of the transaction.