• US Legal Forms

Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands

State:
Multi-State
Control #:
US-OG-623
Format:
Word; 
Rich Text
Instant download

Description

This form is used when the parties each own undivided interests in the mineral estate in the following lands, and a question has arisen among the parties as to each of their undivided interest in the mineral estate in the Lands. In this form, the parties declare, stipulate, acknowledge, and establish of record each of their ownership interest in the mineral estate in the lands.
Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands is a legal document that provides detailed information about the ownership of mineral rights in specific lands located in the state of Ohio. This stipulation ensures clarity and transparency in determining the rightful owners of mineral interests in the designated lands. Keywords: Ohio, stipulation, ownership, mineral interest, mineral ownership, specific lands There are different types of Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands, including: 1. Individual Ownership: This type of stipulation establishes the ownership of mineral rights by individuals in specific lands in Ohio. It outlines the names and details of the individual owners, clarifying their percentage of ownership and the exact location of the designated lands. 2. Corporate Ownership: The stipulation also covers cases where mineral ownership in specific lands is held by corporations. It identifies the corporate entities involved, their ownership percentages, and the corresponding lands where the mineral interests are held. 3. Joint Ownership: In some instances, multiple individuals or entities may jointly own the mineral rights in specific lands. The stipulation outlines the names and details of each co-owner, their respective ownership percentages, and the shared responsibilities and liabilities associated with the joint ownership arrangement. 4. Inherited Ownership: When mineral interests are passed down through inheritance, the stipulation of ownership ensures proper documentation of the transfer. It verifies the rightful heirs or beneficiaries, their respective ownership shares, and any existing agreements or restrictions related to the inherited mineral rights. 5. Leased Ownership: In certain cases, the stipulation may focus on leased mineral ownership. It highlights the rights and obligations of the lessee and lessor, including details of any active lease agreements, terms, and conditions governing the exploitation of the mineral resources. By utilizing Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands, individuals, corporations, and other entities involved in the ownership of mineral rights can ensure legal clarity, avoid conflicts, and safeguard their interests in Ohio's valuable mineral resources.

Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands is a legal document that provides detailed information about the ownership of mineral rights in specific lands located in the state of Ohio. This stipulation ensures clarity and transparency in determining the rightful owners of mineral interests in the designated lands. Keywords: Ohio, stipulation, ownership, mineral interest, mineral ownership, specific lands There are different types of Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands, including: 1. Individual Ownership: This type of stipulation establishes the ownership of mineral rights by individuals in specific lands in Ohio. It outlines the names and details of the individual owners, clarifying their percentage of ownership and the exact location of the designated lands. 2. Corporate Ownership: The stipulation also covers cases where mineral ownership in specific lands is held by corporations. It identifies the corporate entities involved, their ownership percentages, and the corresponding lands where the mineral interests are held. 3. Joint Ownership: In some instances, multiple individuals or entities may jointly own the mineral rights in specific lands. The stipulation outlines the names and details of each co-owner, their respective ownership percentages, and the shared responsibilities and liabilities associated with the joint ownership arrangement. 4. Inherited Ownership: When mineral interests are passed down through inheritance, the stipulation of ownership ensures proper documentation of the transfer. It verifies the rightful heirs or beneficiaries, their respective ownership shares, and any existing agreements or restrictions related to the inherited mineral rights. 5. Leased Ownership: In certain cases, the stipulation may focus on leased mineral ownership. It highlights the rights and obligations of the lessee and lessor, including details of any active lease agreements, terms, and conditions governing the exploitation of the mineral resources. By utilizing Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands, individuals, corporations, and other entities involved in the ownership of mineral rights can ensure legal clarity, avoid conflicts, and safeguard their interests in Ohio's valuable mineral resources.

How to fill out Ohio Stipulation Of Ownership Of Mineral Interest Of Mineral Ownership In Specific Lands?

US Legal Forms - one of the biggest libraries of legal varieties in the United States - offers an array of legal papers themes you can acquire or produce. Making use of the website, you may get a huge number of varieties for company and personal reasons, sorted by types, states, or keywords and phrases.You can find the newest types of varieties like the Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands in seconds.

If you already have a subscription, log in and acquire Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands in the US Legal Forms catalogue. The Obtain key will appear on every single form you see. You have access to all previously acquired varieties in the My Forms tab of the profile.

If you want to use US Legal Forms for the first time, here are simple guidelines to help you get began:

  • Be sure to have chosen the proper form for the town/area. Click the Review key to check the form`s information. Look at the form description to ensure that you have chosen the right form.
  • If the form does not suit your demands, take advantage of the Lookup industry on top of the display screen to obtain the the one that does.
  • Should you be happy with the form, affirm your choice by clicking the Buy now key. Then, pick the pricing strategy you want and give your credentials to sign up to have an profile.
  • Method the deal. Make use of your credit card or PayPal profile to accomplish the deal.
  • Select the file format and acquire the form on the device.
  • Make modifications. Complete, edit and produce and indication the acquired Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands.

Every single design you added to your account does not have an expiry particular date and it is your own property eternally. So, if you wish to acquire or produce one more duplicate, just check out the My Forms section and click about the form you will need.

Gain access to the Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands with US Legal Forms, one of the most considerable catalogue of legal papers themes. Use a huge number of specialist and status-certain themes that fulfill your business or personal requires and demands.

Form popularity

FAQ

Similarly, the Ohio Supreme Court found that the Ohio Legislature enacted the Dormant Mineral Act to provide a method to terminate dormant mineral interests and reunify the abandoned mineral interest with the surface interests in order to promote the use of the minerals under the land.

Mineral rights are ownership rights that allow the owner the right to exploit minerals from underneath a property. The rights refer to solid and liquid minerals, such as gold and oil. Mineral rights can be separate from surface rights and are not always possessed by the property owner.

Under current Ohio law, unless a severed mineral interest is in coal or is coal related, held by a political body, or a savings event has occurred within the 20 preceding years, a mineral interest will be considered abandoned and vested in the owner of the surface lands, so long as the surface landowner complies with ... mineral rights - OSU Farm Office - The Ohio State University osu.edu ? blog-tags ? mineral-rights osu.edu ? blog-tags ? mineral-rights

If you have non-producing mineral rights and do not receive a royalty check, the value is difficult to determine. You could expect anywhere from $750/acre to $3,000+/acre depending on your location in the county. If you are currently leased, that will also play a role in how much your mineral rights are worth. Value of Mineral Rights in Harrison County Ohio marcellusmineralowners.com ? value-of-mineral-r... marcellusmineralowners.com ? value-of-mineral-r...

You can hire a geologist or land surveyor to help you determine if there's something of value on your land. You can also look at mineral rights listings to see if your property has separate mineral rights for sale. How To Understand Your Mineral Rights | Rocket Mortgage rocketmortgage.com ? learn ? mineral-rights rocketmortgage.com ? learn ? mineral-rights

Whether you have an offer on the table or not, you may have good reasons to sell your mineral rights: To pursue other opportunities. If you have a nonproducing property, you might have to wait years for anything to happen ? and nothing may ever happen, even after multiple leases. Should You Sell Your Mineral Rights? - Bessemer Trust bessemertrust.com ? insights ? a-closer-look... bessemertrust.com ? insights ? a-closer-look...

To find out who own mineral rights in Ohio: Determine the property owner's name and address of the property. You can visit the right county auditor's office online or in-person with the above information to verify the ownership of the property before you begin your research at the county's recorder office.

Interesting Questions

More info

(5) A statement of the intent of the owner of the surface of the lands subject to the mineral interest to file in the office of the county recorder an affidavit ... May 15, 2013 — Confirm that one of the mineral interest holders has not recorded one of the following documents within 60 days of service or publication of the ...In this form, the parties declare, stipulate, acknowledge, and establish of record each of their ownership interest in the mineral estate in the lands. Show ... This form is used when the parties each own undivided interests in the mineral estate in the following lands, and a question has arisen among the parties as ... Jan 26, 2021 — If the holder of mineral rights fails to file an affidavit, the surface owner ... The bill would target agency rules that require or prohibit ... The basic purpose of such legislation is to promote the development of mineral resources by clearing title of unwanted mineral interests and eliminating the ... Add the Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands for editing. Click the New Document button above, then drag and drop ... A lease may provide for a periodic rental payment to the mineral owner if no minerals are produced and no royalty payments are being made. The owner or lessee ... Forest and the BLM do not have any regulatory authority over lands of other ownership ... Ohio, the interest in coal production in Ohio has diminished compared to ... Dec 13, 2016 — percent of the oil and gas mineral interest for the land in a parcel we will show that information as part of the parcel listing. When we ...

Trusted and secure by over 3 million people of the world’s leading companies

Ohio Stipulation of Ownership of Mineral Interest of Mineral Ownership in Specific Lands