Ohio Gift Deed of Mineral Interest with No Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-059
• Format: Word; Rich Text

Description

This form of deed conveys an interest in minerals, as a gift. In States, such as Texas, recognizing community property, a gift deed creates separate property in the grantee. Ohio Gift Deed of Mineral Interest with No Warranty is a legal document used to transfer ownership of mineral interests in Ohio without any guarantee or protection against prior claims or defects. This type of deed is commonly used when gifting mineral rights to someone else, typically a family member or a charitable organization. It is important to note that there can be various types of Ohio Gift Deeds of Mineral Interest with No Warranty, each serving different purposes or involving specific terms. Some of these variations include: 1. Ohio Gift Deed of Mineral Interest with No Warranty — Individual to Individual: This type of Ohio Gift Deed is utilized when an individual gifts their mineral rights to another person without offering any warranties or guarantees regarding the property's history or title. 2. Ohio Gift Deed of Mineral Interest with No Warranty — Corporate Entity to Individual: In this scenario, a corporation or business entity gifts its mineral interests in Ohio to an individual, without providing any assurances regarding the title's validity or potential claims. 3. Ohio Gift Deed of Mineral Interest with No Warranty — Individual to Charitable Organization: This particular variation applies when an individual opts to donate their mineral interests to a charitable organization, without making any warranties or assurances regarding the property's history or title. 4. Ohio Gift Deed of Mineral Interest with No Warranty — Multiple Owners to Multiple Owners: Multiple owners of mineral interests in Ohio may also choose to gift their shares to other co-owners via this type of deed. It relinquishes their rights without ensuring the absence of any claims or defects on the property. Regardless of the specific type, an Ohio Gift Deed of Mineral Interest with No Warranty must comply with the state's legal requirements, including proper execution, notarization, and recording. It is advisable to consult with a legal professional experienced in Ohio real estate law to ensure the transfer is conducted accurately and legally.

Ohio Gift Deed of Mineral Interest with No Warranty is a legal document used to transfer ownership of mineral interests in Ohio without any guarantee or protection against prior claims or defects. This type of deed is commonly used when gifting mineral rights to someone else, typically a family member or a charitable organization. It is important to note that there can be various types of Ohio Gift Deeds of Mineral Interest with No Warranty, each serving different purposes or involving specific terms. Some of these variations include: 1. Ohio Gift Deed of Mineral Interest with No Warranty — Individual to Individual: This type of Ohio Gift Deed is utilized when an individual gifts their mineral rights to another person without offering any warranties or guarantees regarding the property's history or title. 2. Ohio Gift Deed of Mineral Interest with No Warranty — Corporate Entity to Individual: In this scenario, a corporation or business entity gifts its mineral interests in Ohio to an individual, without providing any assurances regarding the title's validity or potential claims. 3. Ohio Gift Deed of Mineral Interest with No Warranty — Individual to Charitable Organization: This particular variation applies when an individual opts to donate their mineral interests to a charitable organization, without making any warranties or assurances regarding the property's history or title. 4. Ohio Gift Deed of Mineral Interest with No Warranty — Multiple Owners to Multiple Owners: Multiple owners of mineral interests in Ohio may also choose to gift their shares to other co-owners via this type of deed. It relinquishes their rights without ensuring the absence of any claims or defects on the property. Regardless of the specific type, an Ohio Gift Deed of Mineral Interest with No Warranty must comply with the state's legal requirements, including proper execution, notarization, and recording. It is advisable to consult with a legal professional experienced in Ohio real estate law to ensure the transfer is conducted accurately and legally.