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Texas Addendum For Reservation of Oil Gas and Other Minerals

State:
Texas
Control #:
TX-44-2
Format:
PDF
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Description Trec Mineral Rights Addendum

Addendum For Reservation of Oil Gas and Other Minerals The Texas Addendum For Reservation of Oil Gas and Other Minerals is a legal document used by a seller to reserve mineral rights when transferring title to residential, commercial, or agricultural real estate. The document reserves all minerals, including oil, gas, and any other kind of mineral found or found to be in, on, or underlying the property, to the seller and their successors and assigns. With this document, the seller is able to retain ownership of the minerals and receive any proceeds from their production. There are two types of Texas Addendum For Reservation of Oil Gas and Other Minerals: a standard form and a customized form. The standard form contains a general statement reserving the minerals and is typically used for a single property transfer. The customized form is used when a seller is transferring multiple properties that have different mineral ownership or mineral configurations. It allows the seller to customize the language to reflect the exact terms of the mineral reservation.

The Texas Addendum For Reservation of Oil Gas and Other Minerals is a legal document used by a seller to reserve mineral rights when transferring title to residential, commercial, or agricultural real estate. The document reserves all minerals, including oil, gas, and any other kind of mineral found or found to be in, on, or underlying the property, to the seller and their successors and assigns. With this document, the seller is able to retain ownership of the minerals and receive any proceeds from their production. There are two types of Texas Addendum For Reservation of Oil Gas and Other Minerals: a standard form and a customized form. The standard form contains a general statement reserving the minerals and is typically used for a single property transfer. The customized form is used when a seller is transferring multiple properties that have different mineral ownership or mineral configurations. It allows the seller to customize the language to reflect the exact terms of the mineral reservation.

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Addendum For Reservation Of Oil Gas