Oregon Warranty Deed for Surface and Mineral Interests with Multiple Grantors

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-058
• Format: Word; Rich Text

Description

This is a warranty deed of all interests in surface and minerals from multiple grantors to a single grantee. The Oregon Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership of both surface and mineral rights from multiple granters to a grantee. This deed provides a guarantee from the granters that they have full legal authority to transfer the property and that the property is free from any encumbrances or liens, except those specifically stated in the deed. This type of deed is commonly used in Oregon, where the ownership of surface and mineral rights can be separate. It is important to use a Warranty Deed with Multiple Granters when there are multiple individuals or entities that need to transfer their interests. Some key elements included in this type of deed are: 1. Granter Information: The deed starts by providing the names and addresses of all the granters involved in the transfer. 2. Grantee Information: This section contains the details of the individual or entity receiving the surface and mineral interests. 3. Legal Description: The deed contains a detailed description of the property, including its boundaries, lot numbers, and any other identifying information necessary to accurately define the property being transferred. 4. Consideration: The deed includes the amount of money or value exchanged for the transfer of the property. 5. Covenants and Warranty: This section of the deed includes warranties from the granters, guaranteeing that they have full legal authority to transfer the property and that no other party has any claims or interests, except as specified. 6. Exceptions and Reservations: This part of the deed lists any exceptions or reservations to the surface and mineral rights that the granters wish to retain. For example, the granters might retain the right to extract minerals or place a right-of-way on the property even after transferring ownership. 7. Witness and Notary: The deed must be signed by the granters in the presence of witnesses and notarized to ensure its legal validity. There are no specific different types of Oregon Warranty Deed for Surface and Mineral Interests with Multiple Granters. However, variations of the deed may exist depending on specific circumstances or additional agreements between the parties involved. It is always advisable to consult with a qualified attorney or legal professional when dealing with complex real estate transactions to ensure compliance with Oregon state laws and regulations.

The Oregon Warranty Deed for Surface and Mineral Interests with Multiple Granters is a legal document used to transfer ownership of both surface and mineral rights from multiple granters to a grantee. This deed provides a guarantee from the granters that they have full legal authority to transfer the property and that the property is free from any encumbrances or liens, except those specifically stated in the deed. This type of deed is commonly used in Oregon, where the ownership of surface and mineral rights can be separate. It is important to use a Warranty Deed with Multiple Granters when there are multiple individuals or entities that need to transfer their interests. Some key elements included in this type of deed are: 1. Granter Information: The deed starts by providing the names and addresses of all the granters involved in the transfer. 2. Grantee Information: This section contains the details of the individual or entity receiving the surface and mineral interests. 3. Legal Description: The deed contains a detailed description of the property, including its boundaries, lot numbers, and any other identifying information necessary to accurately define the property being transferred. 4. Consideration: The deed includes the amount of money or value exchanged for the transfer of the property. 5. Covenants and Warranty: This section of the deed includes warranties from the granters, guaranteeing that they have full legal authority to transfer the property and that no other party has any claims or interests, except as specified. 6. Exceptions and Reservations: This part of the deed lists any exceptions or reservations to the surface and mineral rights that the granters wish to retain. For example, the granters might retain the right to extract minerals or place a right-of-way on the property even after transferring ownership. 7. Witness and Notary: The deed must be signed by the granters in the presence of witnesses and notarized to ensure its legal validity. There are no specific different types of Oregon Warranty Deed for Surface and Mineral Interests with Multiple Granters. However, variations of the deed may exist depending on specific circumstances or additional agreements between the parties involved. It is always advisable to consult with a qualified attorney or legal professional when dealing with complex real estate transactions to ensure compliance with Oregon state laws and regulations.