A New Mexico Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document that transfers the ownership of mineral rights from the granter to the grantee, while reserving a nonparticipating royalty interest for the granter. This type of deed is commonly used in New Mexico when parties want to separate the ownership of mineral rights from the surface rights. The granter, who currently owns the mineral rights, chooses to sell or transfer the mineral rights to the grantee through this deed. However, the granter reserves a portion of the royalties generated from the extraction and production of minerals to benefit from any future revenue without being involved in the active operations. Keywords: New Mexico Mineral Deed, Granter, Reserving, Nonparticipating Royalty Interest, legal document, ownership, mineral rights, grantee, surface rights, royalty, extraction, production, revenue, active operations. There might also be different types or variations of the New Mexico Mineral Deed with Granter Reserving Nonparticipating Royalty Interest, depending on specific circumstances or additional conditions applied. However, these variations would need to be described in greater detail or obtained directly from legal professionals who specialize in New Mexico mineral rights transactions.
New Mexico Mineral Deed with Grantor Reserving Nonparticipating Royalty Interest
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How to fill out New Mexico Mineral Deed With Grantor Reserving Nonparticipating Royalty Interest?
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