West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest

• Category: Oil Gas and Minerals - Releases
• State: Multi-State
• Control #: US-OG-406
• Format: Word; Rich Text

Description

This form of release is used when Lienholder releases, relinquishes, and surrenders to Mortgagor/ Grantor's Assignee all of Lienholder's rights, claims, and liens under the Mortgage/Deed of Trust in and to an undivided overriding royalty interest. West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that provides a detailed description of the process and requirements to remove a specific lien on an assigned overriding royalty interest in West Virginia. This release is typically used when a portion of the lien has been satisfied or fulfilled, allowing the owner or assignee of the overriding royalty interest to clear their property from any encumbrance. A partial release of lien on assigned overriding royalty interest is necessary to legally remove the lien and ensure a clear title for the property. This document ensures that the assignee can exercise their rights and interests without any further hindrances caused by the lien. To create a valid West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest, key information such as the names and contact details of the lien holder, assignor, and assignee are required. Additionally, the property description, including the County, State, and legal description, should be mentioned accurately. The release document should specify the original lien document's details, such as recording information and date, to establish the lien's existence. It should also outline the partial satisfaction details, including the amount paid, date of payment, and the remaining balance of the lien. Furthermore, it is essential to include the acknowledgment of the assignor, confirming their understanding of the partial release and their consent to it. The assignor's signature should be notarized to validate the agreement. Different types of West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest may exist based on the specific nature of the lien and the overriding royalty interest. Some common variations include: 1. Partial Release of Lien on Assigned Overriding Royalty Interest for Oil and Gas Wells: This type of release is specific to overriding royalty interests associated with oil and gas wells in West Virginia. 2. Partial Release of Lien on Assigned Overriding Royalty Interest for Coal Mining Activity: This release pertains to overriding royalty interests tied to coal mining activities in the state. 3. Partial Release of Lien on Assigned Overriding Royalty Interest for Wind Energy Projects: This variation applies to overriding royalty interests related to wind energy projects in West Virginia. In conclusion, a West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest serves as a vital legal document allowing the assignee to remove a portion of the lien on their assigned overriding royalty interest. Understanding the specific requirements and information needed to draft this document accurately ensures a seamless process of lien release and guarantees a clear property title for the assignee.

West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest is a legal document that provides a detailed description of the process and requirements to remove a specific lien on an assigned overriding royalty interest in West Virginia. This release is typically used when a portion of the lien has been satisfied or fulfilled, allowing the owner or assignee of the overriding royalty interest to clear their property from any encumbrance. A partial release of lien on assigned overriding royalty interest is necessary to legally remove the lien and ensure a clear title for the property. This document ensures that the assignee can exercise their rights and interests without any further hindrances caused by the lien. To create a valid West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest, key information such as the names and contact details of the lien holder, assignor, and assignee are required. Additionally, the property description, including the County, State, and legal description, should be mentioned accurately. The release document should specify the original lien document's details, such as recording information and date, to establish the lien's existence. It should also outline the partial satisfaction details, including the amount paid, date of payment, and the remaining balance of the lien. Furthermore, it is essential to include the acknowledgment of the assignor, confirming their understanding of the partial release and their consent to it. The assignor's signature should be notarized to validate the agreement. Different types of West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest may exist based on the specific nature of the lien and the overriding royalty interest. Some common variations include: 1. Partial Release of Lien on Assigned Overriding Royalty Interest for Oil and Gas Wells: This type of release is specific to overriding royalty interests associated with oil and gas wells in West Virginia. 2. Partial Release of Lien on Assigned Overriding Royalty Interest for Coal Mining Activity: This release pertains to overriding royalty interests tied to coal mining activities in the state. 3. Partial Release of Lien on Assigned Overriding Royalty Interest for Wind Energy Projects: This variation applies to overriding royalty interests related to wind energy projects in West Virginia. In conclusion, a West Virginia Partial Release of Lien on Assigned Overriding Royalty Interest serves as a vital legal document allowing the assignee to remove a portion of the lien on their assigned overriding royalty interest. Understanding the specific requirements and information needed to draft this document accurately ensures a seamless process of lien release and guarantees a clear property title for the assignee.