This form is a Special Warranty Deed transferring Royalty Interest where the Grantor is an individual and the Grantee is a trust. Grantor conveys and specially warrants the described Royalty Interest in minerals to the Grantee. The Grantor only warrants and will defend the property only as to claims of persons claiming by, through or under Grantor, but not otherwise. This deed complies with all state statutory laws.
A Broken Arrow, Oklahoma Special Warranty Deed is a legal document used to transfer the ownership of royalty interests from an individual to a trust. This type of deed provides limited protection to the grantee, ensuring that the granter warrants only that they have not done anything to harm the title to the property during their ownership. In Broken Arrow, Oklahoma, there are two main types of Special Warranty Deeds commonly used for transferring royalty interests from an individual to a trust: 1) Special Warranty Deed with Royalty Interest Transfer, and 2) Special Warranty Deed with Mineral Interest Transfer. The Special Warranty Deed with Royalty Interest Transfer is specifically used when the transfer involves only the royalty interests associated with a property. This type of deed ensures that the granter warrants the title to the royalty interests against any claims that may arise during their ownership. It is commonly used when a trust is being created to manage and distribute royalty income from oil, gas, or mineral rights. On the other hand, the Special Warranty Deed with Mineral Interest Transfer is used when both the royalty interests and the actual mineral rights of a property are being transferred. This type of deed protects the grantee against any claims on the title that may arise from actions of the granter or their predecessors, specifically related to the minerals located on the property. When creating a Broken Arrow, Oklahoma Special Warranty Deed to transfer royalty interest from an individual to a trust, several key elements should be included. These include a clear description of the property, the names and addresses of both the granter and the grantee, the specific royalty interests being transferred, and any specific terms or conditions of the transfer. It is crucial to consult with an experienced real estate attorney familiar with Broken Arrow, Oklahoma laws when drafting and executing a Special Warranty Deed. They will ensure that the document complies with all legal requirements and accurately reflects the transfer of royalty interests from an individual to a trust, thereby protecting the interests of all parties involved.A Broken Arrow, Oklahoma Special Warranty Deed is a legal document used to transfer the ownership of royalty interests from an individual to a trust. This type of deed provides limited protection to the grantee, ensuring that the granter warrants only that they have not done anything to harm the title to the property during their ownership. In Broken Arrow, Oklahoma, there are two main types of Special Warranty Deeds commonly used for transferring royalty interests from an individual to a trust: 1) Special Warranty Deed with Royalty Interest Transfer, and 2) Special Warranty Deed with Mineral Interest Transfer. The Special Warranty Deed with Royalty Interest Transfer is specifically used when the transfer involves only the royalty interests associated with a property. This type of deed ensures that the granter warrants the title to the royalty interests against any claims that may arise during their ownership. It is commonly used when a trust is being created to manage and distribute royalty income from oil, gas, or mineral rights. On the other hand, the Special Warranty Deed with Mineral Interest Transfer is used when both the royalty interests and the actual mineral rights of a property are being transferred. This type of deed protects the grantee against any claims on the title that may arise from actions of the granter or their predecessors, specifically related to the minerals located on the property. When creating a Broken Arrow, Oklahoma Special Warranty Deed to transfer royalty interest from an individual to a trust, several key elements should be included. These include a clear description of the property, the names and addresses of both the granter and the grantee, the specific royalty interests being transferred, and any specific terms or conditions of the transfer. It is crucial to consult with an experienced real estate attorney familiar with Broken Arrow, Oklahoma laws when drafting and executing a Special Warranty Deed. They will ensure that the document complies with all legal requirements and accurately reflects the transfer of royalty interests from an individual to a trust, thereby protecting the interests of all parties involved.
