Vermont Quitclaim Deed for Mineral / Royalty Interest
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How to fill out Quitclaim Deed For Mineral / Royalty Interest?
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FAQ
Mineral rights deeds are not the same as royalty deeds. Royalty deeds do not allow for surface access, or for the initiation of the extraction and sale of minerals. A royalty owner will only benefit economically if the mineral owner decides to produce and sell the minerals.
The preferred written instrument to convey a legal interest in land is a deed. There are two basic categories of deed used in Vermont to convey fee title and/or easements in land: the warranty deed; and the quit-claim deed.
In order to have a quitclaim deed admitted to record in Vermont, it should be signed by the party granting the real estate, acknowledged by the same, and recorded in the clerk's office in the town where the property is situated.
General warranty deeds give the grantee the most protection, special warranty deeds give the grantee more limited protection, and a quitclaim deed gives the grantee the least protection under the law.
Grant Deed. A grant deed is a legal document used in real estate transactions that transfers property ownership from one party (the grantor) to another (the grantee). It specifies the parties' names, a legal description of the property, and any relevant conditions or covenants associated with the transfer.
A Warranty Deed is the strongest deed and warrants to the Grantee: That the Grantor has not previously conveyed the estate or any interest therein to anyone except the Grantee; and. The estate is free from encumbrances.
There are three main types of deeds namely general warranty deeds, special warranty deeds, and quitclaim deeds. General warranty deeds provide the grantee with complete security, while special warranty deeds provide partial protection, and a quitclaim deed gives the grantee the least legal protection.
