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Kansas Quitclaim Deed - Mineral Rights - From Individual to three...

Wichita Kansas Quitclaim Deed - Mineral Rights - From Individual to three Individuals - Transfer

Name: Wichita Kansas Quitclaim Deed - Mineral Rights - From Individual to three Individuals - Transfer
Brand: US Legal Forms
Rating: 4.8 (384 reviews)

Category:

Kansas Real Estate - Deeds - Quitclaims

State:

Kansas

City:

Wichita

Control #:

KS-023-77

Format:

Instant download

Description

This form is a Quitclaim Deed where the Grantor is an individual transferring mineral rights to three individual Grantees as joint tenants with the right of survivorship. Grantor conveys and quitclaims the described property interest to Grantees. This deed complies with all state statutory laws.

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FAQ

In Kansas, like in many other states, the mineral estate is considered as being 'dominant' over the surface estate to allow the owner of the oil, gas and other minerals to exploit and extract the gas and oil from underneath the land, and to use as much of the surface estate as is necessary to explore for and develop

A deed in which a grantor disclaims all interest in a parcel of real property and then conveys that interest to a grantee. Unlike grantors in other types of deeds, the quitclaim grantor does not promise that his interest in the property is actually valid.

Mineral rights are conveyed ? meaning transferred to a new owner ? through a deed. At the time of the initial conveyance, the property deed will include the separation of the surface and mineral rights. Subsequent land deeds will not reference the mineral rights transfer.

After a divorce, mineral rights can be transferred by submitting the divorce decree and conveyances to the county (where the minerals are located) for recording. They usually go to the same agency that records titles and property deeds. The county will return the recorded original documents to the new owner.

Recording ? A quitclaim deed must be filed with the County Recorder's Office where the real estate is located. Go to your County Website to locate the office nearest you. Signing (§ 58-2205) ? A quitclaim deed is required to be authorized with a notary public present.

As a general rule of thumb, you can expect for the mineral rights value in Kansas of leased properties to be 2x to 3x the lease bonus amount. It may take a little time to sell mineral rights in Kansas that aren't producing, but there will definitely be mineral rights buyers interested.

The current owner and any co-owners?if the property is co-owned and the deed transfers more than one co-owner's rights?must sign the deed, and a notary must complete the acknowledgment block. The owner's spouse may also need to consent to the transfer by signing the deed.

The alternative spellings quit claim deed and quit-claim deed are generally acceptable?though used less frequently. Oklahoma legal professionals also use the word quitclaim as a verb indicating that an owner is transferring an interest without warranty. Release deed can be a synonym for quitclaim deed in some contexts.

A Kansas quitclaim deed form transfers whatever right the current owner holds?if any?with no warranty of title. The person signing the deed does not promise that the title is clear or that the signer owns a valid interest in the real estate.

Oil and gas rights, also known as ?mineral interests? are the right to the oil and gas potentially existing under the surface of real estate. A deed from one person to another automatically passes both the surface rights and the oil and gas rights to the new owners unless the deed specifically states otherwise.

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The corporate bylaws are an agreement or contract between the corporation and its shareholders to conduct the corporate business in a certain way. When Can You Place A Lien On Another Person's Property?Administers federally owned mineral resources on nonfederal lands. He is licensed to practice law in Texas, North Dakota, Kansas and Wyoming. Committed person, interference with custody of, criminal code, 21-5410. Community Mental Health and Mental Retardation Assistance, generally, this index. A mobile home title should be kept private and stored in a safe place. Private transfer fees threaten a lenders lien priority, making funding mortgages on those properties less safe.

Wichita Kansas Quitclaim Deed - Mineral Rights - From Individual to three Individuals - Transfer

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Who owns mineral rights in Kansas?

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How do I do a quit claim deed in Kansas?

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Who signs a quit claim deed in Kansas?

Is a quit claim deed OK?

How does a quit claim deed work in Kansas?

How do mineral rights work in Kansas?

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What is a quitclaim deed?

What are mineral rights?

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What is the purpose of transferring mineral rights to three individuals?

Do I need a lawyer to prepare a quitclaim deed for transferring mineral rights?

Will transferring mineral rights affect the ownership of the actual property?

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