Texas 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 Texas Mineral Deed with Limited Warranty is a legal document used to transfer ownership of mineral rights from one party to another in the state of Texas. This type of deed provides a limited warranty, meaning that the granter guarantees to defend the title of the mineral rights against any claims during their ownership but does not provide any warranty against prior claims or encumbrances. The Texas Mineral Deed with Limited Warranty typically includes relevant information such as the names and addresses of both the granter (seller) and the grantee (buyer), a legal description of the property, and the specific mineral rights being conveyed. These mineral rights may include ownership of oil, gas, and other valuable minerals located beneath the surface of the property. It is important to note that there are various types of Texas Mineral Deeds with Limited Warranty, depending on the specific circumstances and parties involved. Some common variations include: 1. General Mineral Deed with Limited Warranty: This is the most common type of mineral deed used in Texas. It transfers all mineral rights that the granter owns in the property, subject to any exceptions or reservations expressly mentioned in the deed. 2. Special Mineral Deed with Limited Warranty: This type of deed is more specific and may convey only a certain percentage or specific portion of mineral rights owned by the granter. It allows for more precise transfers of mineral interests. 3. Non-Executive Mineral Deed with Limited Warranty: In situations where the surface owner wants to retain executive rights (the right to lease or negotiate mineral rights), a non-executive mineral deed allows the transfer of non-executive mineral interests to the grantee while keeping the executive rights with the surface owner. Regardless of the specific type, a Texas Mineral Deed with Limited Warranty offers a level of protection to the buyer by ensuring that the seller has the legal right to transfer the mineral rights and will defend against any claims that arise during their ownership period. It is advisable to consult with a qualified attorney or real estate professional when dealing with mineral rights transfers to ensure compliance with Texas laws and the specific circumstances of the transaction.

A Texas Mineral Deed with Limited Warranty is a legal document used to transfer ownership of mineral rights from one party to another in the state of Texas. This type of deed provides a limited warranty, meaning that the granter guarantees to defend the title of the mineral rights against any claims during their ownership but does not provide any warranty against prior claims or encumbrances. The Texas Mineral Deed with Limited Warranty typically includes relevant information such as the names and addresses of both the granter (seller) and the grantee (buyer), a legal description of the property, and the specific mineral rights being conveyed. These mineral rights may include ownership of oil, gas, and other valuable minerals located beneath the surface of the property. It is important to note that there are various types of Texas Mineral Deeds with Limited Warranty, depending on the specific circumstances and parties involved. Some common variations include: 1. General Mineral Deed with Limited Warranty: This is the most common type of mineral deed used in Texas. It transfers all mineral rights that the granter owns in the property, subject to any exceptions or reservations expressly mentioned in the deed. 2. Special Mineral Deed with Limited Warranty: This type of deed is more specific and may convey only a certain percentage or specific portion of mineral rights owned by the granter. It allows for more precise transfers of mineral interests. 3. Non-Executive Mineral Deed with Limited Warranty: In situations where the surface owner wants to retain executive rights (the right to lease or negotiate mineral rights), a non-executive mineral deed allows the transfer of non-executive mineral interests to the grantee while keeping the executive rights with the surface owner. Regardless of the specific type, a Texas Mineral Deed with Limited Warranty offers a level of protection to the buyer by ensuring that the seller has the legal right to transfer the mineral rights and will defend against any claims that arise during their ownership period. It is advisable to consult with a qualified attorney or real estate professional when dealing with mineral rights transfers to ensure compliance with Texas laws and the specific circumstances of the transaction.