Virginia Royalty Deed with Limited Warranty

• Category: Oil Gas and Minerals - Deeds
• State: Multi-State
• Control #: US-OG-043
• Format: Word; Rich Text

Description

This form conveys a royalty interest with a limited warranty. A Virginia Royalty Deed with Limited Warranty is a legal document used in real estate transactions that transfers ownership of a royalty interest in minerals or oil and gas rights from the granter to the grantee, with a limited warranty of title. Key features and keywords associated with a Virginia Royalty Deed with Limited Warranty include: 1. Royalty Deed: A legal instrument that conveys ownership of a royalty interest in a natural resource, such as minerals, oil, or gas. 2. Limited Warranty: The granter provides a limited warranty of title, which means that they guarantee that they have not encumbered or transferred the property to someone else but do not guarantee against defects in title that may arise from previous owners. 3. Real Estate Transaction: The deed is used in real estate transactions involving the transfer of mineral or oil and gas rights. 4. Granter: The person or entity who currently owns the royalty interest and is selling or transferring it to the grantee. 5. Grantee: The person or entity who is purchasing or receiving the royalty interest from the granter. 6. Ownership Transfer: The deed legally transfers the ownership of the royalty interest from the granter to the grantee. 7. Minerals: The natural resources that are subject to the royalty interest, such as coal, oil, gas, or other valuable substances found beneath the surface of the land. Some different types of Virginia Royalty Deeds with Limited Warranty may include: 1. Oil Royalty Deed with Limited Warranty: In this type of deed, the royalty interest being transferred specifically pertains to oil rights. 2. Gas Royalty Deed with Limited Warranty: This type of deed applies when the royalty interest being conveyed involves gas rights. 3. Mineral Royalty Deed with Limited Warranty: This deed is used when the royalty interest being transferred encompasses various mineral rights, including but not limited to coal, oil, gas, or other valuable substances. It is crucial to consult an attorney or a real estate professional experienced in Virginia real estate law to draft and review the specific terms of a Virginia Royalty Deed with Limited Warranty as they may vary depending on the circumstances and individual requirements of the transaction.

A Virginia Royalty Deed with Limited Warranty is a legal document used in real estate transactions that transfers ownership of a royalty interest in minerals or oil and gas rights from the granter to the grantee, with a limited warranty of title. Key features and keywords associated with a Virginia Royalty Deed with Limited Warranty include: 1. Royalty Deed: A legal instrument that conveys ownership of a royalty interest in a natural resource, such as minerals, oil, or gas. 2. Limited Warranty: The granter provides a limited warranty of title, which means that they guarantee that they have not encumbered or transferred the property to someone else but do not guarantee against defects in title that may arise from previous owners. 3. Real Estate Transaction: The deed is used in real estate transactions involving the transfer of mineral or oil and gas rights. 4. Granter: The person or entity who currently owns the royalty interest and is selling or transferring it to the grantee. 5. Grantee: The person or entity who is purchasing or receiving the royalty interest from the granter. 6. Ownership Transfer: The deed legally transfers the ownership of the royalty interest from the granter to the grantee. 7. Minerals: The natural resources that are subject to the royalty interest, such as coal, oil, gas, or other valuable substances found beneath the surface of the land. Some different types of Virginia Royalty Deeds with Limited Warranty may include: 1. Oil Royalty Deed with Limited Warranty: In this type of deed, the royalty interest being transferred specifically pertains to oil rights. 2. Gas Royalty Deed with Limited Warranty: This type of deed applies when the royalty interest being conveyed involves gas rights. 3. Mineral Royalty Deed with Limited Warranty: This deed is used when the royalty interest being transferred encompasses various mineral rights, including but not limited to coal, oil, gas, or other valuable substances. It is crucial to consult an attorney or a real estate professional experienced in Virginia real estate law to draft and review the specific terms of a Virginia Royalty Deed with Limited Warranty as they may vary depending on the circumstances and individual requirements of the transaction.