South Carolina Mineral Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-061
• Format: Word; Rich Text

Description

This form of deed conveys an undivided interest in minerals in specific lands. A South Carolina Mineral Deed with Limited Warranty is a legal document that is used to convey the ownership rights to mineral interests in real estate located in South Carolina. This type of deed is commonly used when the seller wants to transfer the mineral rights but does not want to guarantee the title completely. The South Carolina Mineral Deed with Limited Warranty includes specific language indicating that the seller is conveying the property "with limited warranty." This means that the seller only warrants and guarantees the title against defects that may have arisen during their ownership period. Any defects or claims that existed prior to their ownership are not guaranteed. By using a South Carolina Mineral Deed with Limited Warranty, the seller is essentially stating that they have not encumbered or transferred the mineral rights to anyone else during their ownership, except as specifically noted in the deed. However, they do not provide a full guarantee against any prior claims or encumbrances. Different types of South Carolina Mineral Deeds with Limited Warranty may include variations in their language or additional clauses depending on the specific needs and circumstances of the transaction. Some common variations may be: 1. Quitclaim Mineral Deed with Limited Warranty: This type of mineral deed conveys the seller's ownership interests without any warranties or guarantees except those specifically stated in the deed. It provides minimal protection for the buyer and is often used when the seller wants to disclaim any liability or guarantee of title. 2. Mineral Deed with Limited Warranty and Surface Rights Reservation: In this type of deed, the seller conveys the mineral rights while reserving certain surface rights, such as the right to access the property for mineral extraction or exploration. This protects the seller's interests in utilizing the surface for mining without providing a full warranty of title. 3. Mineral Deed with Limited Warranty in a Trust: If the property is held in a trust, this type of mineral deed with limited warranty conveys the mineral rights from the trust to the buyer while still retaining the limited warranty of title. It is important for both parties involved in a South Carolina Mineral Deed with Limited Warranty transaction to thoroughly review the document and seek legal advice if necessary to ensure that their rights and interests are adequately protected.

A South Carolina Mineral Deed with Limited Warranty is a legal document that is used to convey the ownership rights to mineral interests in real estate located in South Carolina. This type of deed is commonly used when the seller wants to transfer the mineral rights but does not want to guarantee the title completely. The South Carolina Mineral Deed with Limited Warranty includes specific language indicating that the seller is conveying the property "with limited warranty." This means that the seller only warrants and guarantees the title against defects that may have arisen during their ownership period. Any defects or claims that existed prior to their ownership are not guaranteed. By using a South Carolina Mineral Deed with Limited Warranty, the seller is essentially stating that they have not encumbered or transferred the mineral rights to anyone else during their ownership, except as specifically noted in the deed. However, they do not provide a full guarantee against any prior claims or encumbrances. Different types of South Carolina Mineral Deeds with Limited Warranty may include variations in their language or additional clauses depending on the specific needs and circumstances of the transaction. Some common variations may be: 1. Quitclaim Mineral Deed with Limited Warranty: This type of mineral deed conveys the seller's ownership interests without any warranties or guarantees except those specifically stated in the deed. It provides minimal protection for the buyer and is often used when the seller wants to disclaim any liability or guarantee of title. 2. Mineral Deed with Limited Warranty and Surface Rights Reservation: In this type of deed, the seller conveys the mineral rights while reserving certain surface rights, such as the right to access the property for mineral extraction or exploration. This protects the seller's interests in utilizing the surface for mining without providing a full warranty of title. 3. Mineral Deed with Limited Warranty in a Trust: If the property is held in a trust, this type of mineral deed with limited warranty conveys the mineral rights from the trust to the buyer while still retaining the limited warranty of title. It is important for both parties involved in a South Carolina Mineral Deed with Limited Warranty transaction to thoroughly review the document and seek legal advice if necessary to ensure that their rights and interests are adequately protected.