Ohio Gift Deed of Mineral Interest with No Warranty

State:
Multi-State
Control #:
US-OG-059
Format:
Word; 
Rich Text
Instant download

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.

How to fill out Ohio Gift Deed Of Mineral Interest With No Warranty?

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FAQ

Under Texas law, a forged deed is void. However, a deed procured by fraud is voidable rather than void. The legal terms ?Void? and ?Voidable? sound alike, but they are vastly different. A void instrument passes no title, and is treated as a nullity.

Good to know: Beware that a Gift Deed cannot be revoked. Once the property is given away, you cannot get it back unless the person who received it transfers it back.

Detail any restrictions associated with the property and sign the deed in the presence of a notary public or other authorized official. Submit the deed to the appropriate county auditor's office prior to recording so that the owner's name can be transferred on the county's tax list (Ohio Rev. Code Section 319.20).

Gift Deed or Warranty Deed? Words Have Consequences. Generally, in an unambiguous deed, parol evidence cannot be used to ascertain the intent of the parties, so a warranty deed will be held to be a purchase and not a gift, and gift deed will be a gift. Parol evidence will not be received to contradict the instrument.

A grant deed is the most common method Californians use to transfer title to real property.

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Make the steps below to fill out Gift Deed of Mineral Interest with No Warranty online quickly and easily: Log in to your account. Sign up with your ... 2 Nov 2018 — As with any conveyance of real estate, a gift deed requires a complete legal description of the parcel. Recite the source of title to establish ...5 days ago — Ohio Deeds: Quitclaim Deeds · 1) Read the entire form carefully. · 2) Enter all the names of the current owners of the property as the grantors on ... 21 May 2023 — The document is a lease, whether or not it extends to mineral or mineral rights, unless the lease is for a term of years renewable forever;; The ... Commonly used forms in Ohio are warranty deeds, limited warranty deeds ... There are no restrictions in this state for resident aliens owning real property or ... This deed usually does not include warranties as to the title of the property conveyed; however, by implication, the grantor asserts that the grantor has ... 1. Create Documents ... Have an attorney draft a deed or assignment from the previous mineral owner (or their Estate or Trust) to the new mineral owner. SELL YOUR ... 14 Apr 2023 — You can ask the mineral buyer or operator to supply their research documenting how you came to own the interest. If they do not provide it, you ... A general warranty deed or full covenant and warranty deed is a deed in which the grantor fully warrants good and clear title to the premises. Gift Deed. A gift ... BASIC OIL AND GAS FORMS PROGRAM · Correction to Mineral Deed (As to Interest Conveyed) · Gift Deed of Mineral Interest (With no Warranty) · Mineral Deed (Reserving ...

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Ohio Gift Deed of Mineral Interest with No Warranty