New Mexico Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-319
• Format: Word; Rich Text

Description

This form is used by the grantor to convey, sell and assign to the grantee, all of the surface estate including the oil, gas, and mineral interest located in and under the lands. A New Mexico Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used in New Mexico to convey both the surface and mineral interests of a property while reserving the rights to any coal deposits found on the land. This type of deed ensures that the granter transferring the property holds no liability or responsibility for the coal deposits, but retains ownership rights should any coal or related minerals be discovered in the future. Keywords: New Mexico, Warranty Deed, Surface and Mineral Interests, Reservation of All Coal, legal document, convey, property, liability, responsibility, ownership rights, coal deposits, minerals, future. Types of New Mexico Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal include: 1. Individual/New Owner Warranty Deed: This type of warranty deed is used when an individual purchases a property, both surface and mineral interests, including the reservation of all coal deposits. It ensures the buyer receives a clear title while the seller retains the rights to the coal reserves. 2. Corporation/Business Entity Warranty Deed: When a corporation or business entity obtains surface and mineral interests in New Mexico, a warranty deed is used. Similar to an individual warranty deed, it includes the reservation of all coal rights while transferring ownership to the corporation or business entity. 3. Joint Tenancy with Right of Survivorship Warranty Deed: This type of warranty deed is applicable when multiple individuals or parties hold joint ownership of a property's surface and mineral interests, including the reservation of coal rights. In the event of the death of one owner, their interest automatically transfers to the surviving joint tenants. 4. Life Estate Warranty Deed: A life estate warranty deed is used when the granter wants to transfer surface and mineral interests to a person (life tenant) for the remainder of their life while reserving the coal rights. Once the life tenant passes away, the property ownership reverts to the original granter or another designated owner. 5. Trust Warranty Deed: Trusts are often used for estate planning purposes. This type of warranty deed is utilized to transfer surface and mineral interests to a trust, while reserving the coal rights. The trustee becomes the legal owner, managing the property on behalf of the trust's beneficiaries. It is important to consult with a qualified attorney or real estate professional when dealing with New Mexico Warranty Deeds for Surface and Mineral Interests, With Reservation of All Coal, as the specific circumstances and legal requirements may vary.

A New Mexico Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal is a legal document used in New Mexico to convey both the surface and mineral interests of a property while reserving the rights to any coal deposits found on the land. This type of deed ensures that the granter transferring the property holds no liability or responsibility for the coal deposits, but retains ownership rights should any coal or related minerals be discovered in the future. Keywords: New Mexico, Warranty Deed, Surface and Mineral Interests, Reservation of All Coal, legal document, convey, property, liability, responsibility, ownership rights, coal deposits, minerals, future. Types of New Mexico Warranty Deed for Surface and Mineral Interests, With Reservation of All Coal include: 1. Individual/New Owner Warranty Deed: This type of warranty deed is used when an individual purchases a property, both surface and mineral interests, including the reservation of all coal deposits. It ensures the buyer receives a clear title while the seller retains the rights to the coal reserves. 2. Corporation/Business Entity Warranty Deed: When a corporation or business entity obtains surface and mineral interests in New Mexico, a warranty deed is used. Similar to an individual warranty deed, it includes the reservation of all coal rights while transferring ownership to the corporation or business entity. 3. Joint Tenancy with Right of Survivorship Warranty Deed: This type of warranty deed is applicable when multiple individuals or parties hold joint ownership of a property's surface and mineral interests, including the reservation of coal rights. In the event of the death of one owner, their interest automatically transfers to the surviving joint tenants. 4. Life Estate Warranty Deed: A life estate warranty deed is used when the granter wants to transfer surface and mineral interests to a person (life tenant) for the remainder of their life while reserving the coal rights. Once the life tenant passes away, the property ownership reverts to the original granter or another designated owner. 5. Trust Warranty Deed: Trusts are often used for estate planning purposes. This type of warranty deed is utilized to transfer surface and mineral interests to a trust, while reserving the coal rights. The trustee becomes the legal owner, managing the property on behalf of the trust's beneficiaries. It is important to consult with a qualified attorney or real estate professional when dealing with New Mexico Warranty Deeds for Surface and Mineral Interests, With Reservation of All Coal, as the specific circumstances and legal requirements may vary.