The New Jersey Royalty Deed with Limited Warranty is a legal document used to transfer ownership of mineral rights, royalties, or other interests related to oil, gas, or mineral extraction in the state of New Jersey. This type of deed provides limited warranties or guarantees to the grantee, ensuring that the granter holds a valid interest in the property but does not provide a full guarantee against any potential defects in the title. The main purpose of the New Jersey Royalty Deed with Limited Warranty is to protect the grantee from any claims arising from the actions or omissions of the granter or the granter's predecessors in title. This type of deed establishes a certain level of assurance that the grantee will not suffer any losses due to the granter's inability to deliver or defend the title against any third-party claims. There are several types of New Jersey Royalty Deeds with Limited Warranty, each tailored to specific circumstances or categories of property. Some common variations include: 1. Oil Royalty Deed with Limited Warranty: This type of deed specifically relates to the transfer of oil royalties in New Jersey. It provides limited warranties to protect the grantee against any defects in the oil royalty title. 2. Gas Royalty Deed with Limited Warranty: Similar to the oil royalty deed, this deed focuses on the transfer of gas royalties in New Jersey. It offers limited warranties to ensure the grantee's protection against any potential title issues related to gas royalty interests. 3. Mineral Royalty Deed with Limited Warranty: This deed pertains to the transfer of mineral royalties, covering a broader range of minerals beyond just oil and gas. It provides limited warranties to safeguard the grantee against any defects in the mineral royalty title. Overall, the New Jersey Royalty Deed with Limited Warranty is a legally binding document that establishes the transfer of ownership for mineral rights and royalties in New Jersey. It acts as a form of protection for the grantee against potential title defects while not providing a complete guarantee against any future claims.
New Jersey Royalty Deed with Limited Warranty
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