Nebraska Term Mineral Deed of Undivided Interest

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-064
• Format: Word; Rich Text

Description

This deed form conveys a mineral interest for a specified term, to be designated by the grantor, after which time, the conveyed interest reverts to the grantor. A Nebraska Term Mineral Deed of Undivided Interest is a legal document used in the state of Nebraska to transfer ownership rights of a specific amount or share of mineral rights in a property. This type of deed is commonly used when multiple individuals or entities own mineral rights to a particular tract of land and wish to transfer a portion of their ownership interest to another party. The term "undivided interest" refers to the fact that the ownership is not divided into specific tracts or portions but rather represents a percentage or fraction of the overall ownership of the mineral rights. The deed outlines the details of the transfer, including the names of the granter (current owner) and the grantee (new owner), the description of the property, the amount or portion of the mineral rights being transferred, and any specific terms or conditions that may apply. There are a few different types of Nebraska Term Mineral Deeds of Undivided Interest: 1. Fractional Interest Deed: This type of deed transfers a specific fraction or percentage of the overall mineral rights ownership. For example, if a granter owns 50% of the mineral rights, they can convey a 25% interest to the grantee. 2. Specific Quantity Deed: With this type of deed, the ownership interest is described by a specific quantity of mineral rights, such as a certain number of acres or a particular volume of resources. For instance, a granter may convey 100 acres of mineral rights to the grantee. 3. Time-Limited Interest Deed: This type of deed transfers an undivided interest in the mineral rights for a specific period. The grantee would have the right to benefit from the mineral rights, such as extracting resources or receiving royalties, for a predetermined time frame. This can be useful in situations where the granter wants to retain long-term ownership but is willing to grant temporary access or usage rights. It's important to note that the exact terms and conditions of a Nebraska Term Mineral Deed of Undivided Interest may vary, depending on the specific requirements and agreements between the parties involved. Consulting with a qualified attorney or legal professional in Nebraska is advisable when creating or interpreting such a deed to ensure compliance with state laws and to protect the interests of all parties involved.

A Nebraska Term Mineral Deed of Undivided Interest is a legal document used in the state of Nebraska to transfer ownership rights of a specific amount or share of mineral rights in a property. This type of deed is commonly used when multiple individuals or entities own mineral rights to a particular tract of land and wish to transfer a portion of their ownership interest to another party. The term "undivided interest" refers to the fact that the ownership is not divided into specific tracts or portions but rather represents a percentage or fraction of the overall ownership of the mineral rights. The deed outlines the details of the transfer, including the names of the granter (current owner) and the grantee (new owner), the description of the property, the amount or portion of the mineral rights being transferred, and any specific terms or conditions that may apply. There are a few different types of Nebraska Term Mineral Deeds of Undivided Interest: 1. Fractional Interest Deed: This type of deed transfers a specific fraction or percentage of the overall mineral rights ownership. For example, if a granter owns 50% of the mineral rights, they can convey a 25% interest to the grantee. 2. Specific Quantity Deed: With this type of deed, the ownership interest is described by a specific quantity of mineral rights, such as a certain number of acres or a particular volume of resources. For instance, a granter may convey 100 acres of mineral rights to the grantee. 3. Time-Limited Interest Deed: This type of deed transfers an undivided interest in the mineral rights for a specific period. The grantee would have the right to benefit from the mineral rights, such as extracting resources or receiving royalties, for a predetermined time frame. This can be useful in situations where the granter wants to retain long-term ownership but is willing to grant temporary access or usage rights. It's important to note that the exact terms and conditions of a Nebraska Term Mineral Deed of Undivided Interest may vary, depending on the specific requirements and agreements between the parties involved. Consulting with a qualified attorney or legal professional in Nebraska is advisable when creating or interpreting such a deed to ensure compliance with state laws and to protect the interests of all parties involved.