The Ohio Mineral Deed with Granter Reserving Nonparticipating Royalty Interest is a legal document that transfers ownership of mineral rights in Ohio from the granter (seller) to the grantee (buyer) while reserving a nonparticipating royalty interest for the granter. This deed is commonly used in real estate transactions involving mineral rights in Ohio. Keywords: Ohio, mineral rights, deed, granter, nonparticipating royalty interest, ownership, real estate transactions. There are two main types of Ohio Mineral Deeds with Granter Reserving Nonparticipating Royalty Interest: 1. Ohio Mineral Deed with Granter Reserving Nonparticipating Royalty Interest — This type of deed is used when thgranteror wishes to sell the mineral rights to the grantee but retain a nonparticipating royalty interest. The granter will continue to receive royalty payments from the production of minerals on the property, regardless of the grantee's ownership. 2. Ohio Mineral Deed with Partial Reserving Nonparticipating Royalty Interest — In this variation, thgranteror reserves only a portion of the nonparticipating royalty interest. This means that the granter will still receive a portion of the royalty payments, while the grantee will receive the remaining portion. Both types of deeds have specific clauses and provisions that outline the rights and responsibilities of both the granter and the grantee. It is important to consult with an attorney experienced in Ohio mineral rights and real estate law before drafting or executing any Ohio Mineral Deed with Granter Reserving Nonparticipating Royalty Interest. Overall, the Ohio Mineral Deed with Granter Reserving Nonparticipating Royalty Interest serves as a legal tool to transfer mineral rights while ensuring that the granter retains a vested interest in the royalties generated from the property's mineral resources.
Ohio Mineral Deed with Grantor Reserving Nonparticipating Royalty Interest
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