This form is a Oil, Gas and Mineral Deed reflecting the sale of mineral interest from Trust by a single Trustee to an individual Grantee. Grantor conveys and grants the described property to the Grantee. This deed complies with all state statutory laws.
The Fort Worth Texas Oil, Gas, and Mineral Deed from Trust to an Individual — Salinterestedes— - Single Trustee is a legal document used in the conveyance of ownership rights to oil, gas, and mineral interests in Fort Worth, Texas. This deed outlines the sale of interest in these resources from a trust entity to an individual, specifically a single trustee. It is crucial to ensure that this type of transaction is accurately documented and legally binding to protect the rights and interests of all parties involved. The deed contains several key components, starting with a clear identification of the parties involved. This includes naming the trustee and providing their contact information, as well as identifying the trust by its official name and specifying its jurisdiction. The individual purchasing the interest in the oil, gas, and mineral rights is also clearly identified, with their full name and address included in the document. The next important aspect of this deed is the detailed description of the specific interest being sold. This usually includes a legal description of the property or tract of land where the oil, gas, and mineral rights are located. The description will typically include measurements, boundaries, and relevant identifying information such as survey numbers or lot numbers, as well as referencing any relevant recorded plat maps or survey records. Another critical element that must be included in this type of deed is the conveyance or transfer language. This section outlines the trust's intent to transfer its interest in the oil, gas, and mineral rights to the individual trustee, acknowledging the consideration or payment received for the sale. It is crucial that the language used is clear and unambiguous to avoid any confusion or future disputes. The deed should also contain any relevant warranties or guarantees regarding the trust's ownership and right to sell the interest. This ensures that the individual trustee receives a valid and enforceable title to the oil, gas, and mineral rights. Any exceptions or limitations to these guarantees should also be clearly stated. Additionally, the deed may include provisions related to any existing leases, agreements, or encumbrances on the property. If there are any restrictions or obligations that may impact the individual trustee's ability to fully utilize or exploit the oil, gas, and mineral rights, these should be disclosed in the deed. It is important to note that there could be additional variations or types of Fort Worth Oil, Gas, and Mineral Deeds from Trust to an Individual, depending on the specific circumstances and preferences of the parties involved. These variations might include customized terms to address unique situations or different trustee arrangements, such as joint trustees or multiple trustees. However, the fundamental purpose of such deeds remains consistent in conveying ownership rights from a trust to an individual trustee.
