New Hampshire 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. New Hampshire Royalty Deed with Limited Warranty is a legal document used in the state of New Hampshire to transfer ownership of mineral rights or a royalty interest from one party to another. This type of deed comes with a limited warranty, which means that the seller guarantees that they have not done anything to encumber the property but does not provide a guarantee against any existing defects, liens, or claims. In a New Hampshire Royalty Deed with Limited Warranty, the seller, known as the granter, conveys the property rights to the buyer, known as the grantee. The granter warrants that they have the right to sell the property and that they will defend the buyer's title against any claims arising during their ownership period. However, this warranty is limited and does not provide protection against any defects or claims that existed prior to the granter's ownership. There are different types of New Hampshire Royalty Deeds with Limited Warranty depending on the specific details of the transaction: 1. Oil and Gas Royalty Deed: This type of deed is used when the transferred property includes oil and gas rights. It ensures that the grantee has the exclusive right to collect and receive royalty payments from the extraction and sale of oil and gas resources on the property. 2. Mineral Royalty Deed: This deed is used when the transferred property includes mineral rights, excluding oil and gas. It grants the grantee the exclusive rights to extract and receive royalty payments from minerals such as coal, gold, silver, or other valuable substances found on the property. 3. Natural Resource Royalty Deed: This type of deed covers a broader range of natural resources, including oil, gas, and minerals. It entitles the grantee to benefit from the extraction and sale of various resources found on the property. When executing a New Hampshire Royalty Deed with Limited Warranty, it is essential to consult with a real estate attorney or legal professional to ensure that all legal requirements are met and that the parties' interests are adequately protected. The deed should include a detailed description of the property, the granter's and grantee's names and addresses, the consideration paid, and any specific terms or conditions agreed upon between the parties. By using this legally binding document, both the granter and grantee can have clarity and peace of mind regarding the transfer of mineral rights and royalty interests, while understanding the limitations of the warranty.

New Hampshire Royalty Deed with Limited Warranty is a legal document used in the state of New Hampshire to transfer ownership of mineral rights or a royalty interest from one party to another. This type of deed comes with a limited warranty, which means that the seller guarantees that they have not done anything to encumber the property but does not provide a guarantee against any existing defects, liens, or claims. In a New Hampshire Royalty Deed with Limited Warranty, the seller, known as the granter, conveys the property rights to the buyer, known as the grantee. The granter warrants that they have the right to sell the property and that they will defend the buyer's title against any claims arising during their ownership period. However, this warranty is limited and does not provide protection against any defects or claims that existed prior to the granter's ownership. There are different types of New Hampshire Royalty Deeds with Limited Warranty depending on the specific details of the transaction: 1. Oil and Gas Royalty Deed: This type of deed is used when the transferred property includes oil and gas rights. It ensures that the grantee has the exclusive right to collect and receive royalty payments from the extraction and sale of oil and gas resources on the property. 2. Mineral Royalty Deed: This deed is used when the transferred property includes mineral rights, excluding oil and gas. It grants the grantee the exclusive rights to extract and receive royalty payments from minerals such as coal, gold, silver, or other valuable substances found on the property. 3. Natural Resource Royalty Deed: This type of deed covers a broader range of natural resources, including oil, gas, and minerals. It entitles the grantee to benefit from the extraction and sale of various resources found on the property. When executing a New Hampshire Royalty Deed with Limited Warranty, it is essential to consult with a real estate attorney or legal professional to ensure that all legal requirements are met and that the parties' interests are adequately protected. The deed should include a detailed description of the property, the granter's and grantee's names and addresses, the consideration paid, and any specific terms or conditions agreed upon between the parties. By using this legally binding document, both the granter and grantee can have clarity and peace of mind regarding the transfer of mineral rights and royalty interests, while understanding the limitations of the warranty.