Texas Royalty Deed with Limited Warranty is a legal instrument used in the state of Texas to transfer ownership or interest in mineral rights. It provides limited warranties and protections for the granter, also known as the seller, against any defects or claims that may arise from the title to the mineral rights. In this type of deed, the granter guarantees that they have the right to transfer the mineral rights and that they have not encumbered or conveyed them to anyone else. They also ensure that there are no undisclosed liens, encumbrances, or adverse claims to the property. However, the extent of the warranty is restricted compared to a general warranty deed. The limited warranty aspect of this deed means that the granter only provides warranties for the period they have owned the property. This means that they are not liable for any undisclosed defects or claims that may have originated before they acquired the mineral rights. There are several types of Texas Royalty Deed with Limited Warranty, including: 1. Texas Mineral Deed with Limited Warranty: This type of deed focuses solely on the transfer of mineral rights and includes the limited warranty of title. 2. Texas Oil and Gas Royalty Deed with Limited Warranty: This deed specifically transfers ownership or interest in oil and gas royalties and carries the limited warranty against defects or claims. 3. Texas Royalty Assignment Deed with Limited Warranty: This deed is used to assign or transfer royalty interests in a property, providing limited warranty protection to the assignee. It is crucial to consult with a qualified attorney or legal professional when dealing with Texas Royalty Deed with Limited Warranty to ensure accurate preparation and to fully understand the implications and limitations of the deed. Understanding the specific type of deed required for the transaction is essential in order to protect both the granter and the grantee's interests.
Texas Royalty Deed with Limited Warranty
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