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.
A Pasadena Texas oil, gas, and mineral deed from trust to an individual refers to a legal document that transfers ownership of oil, gas, and mineral rights from a trust to an individual. This type of deed signifies the sale of interest in these valuable resources and outlines the terms and conditions of the transfer. The sale typically involves a single trustee who acts on behalf of the trust. Keywords: Pasadena Texas, oil, gas, mineral deed, trust, individual, sale of interest, single trustee. There can be various types of Pasadena Texas oil, gas, and mineral deeds from trust to an individual — salinterestedes— - single trustees, including: 1. General Warranty Deed: This type of deed provides the highest level of protection to the buyer, as it guarantees the granter (trustee) has clear title to the oil, gas, and mineral rights and will defend against any claims or encumbrances. 2. Special Warranty Deed: Unlike a general warranty deed, a special warranty deed only guarantees that the granter (trustee) has not caused any encumbrances on the property during their ownership. It may not cover claims or encumbrances that arose prior to the granter's ownership. 3. Quitclaim Deed: A quitclaim deed transfers the trustee's ownership interest without providing any warranties or guarantees. This type of deed is often used when there is uncertainty about the ownership history or when the granter wants to transfer any interest they may have, without assuming any liability. 4. Mineral Deed: This specific type of deed solely transfers ownership of mineral rights, excluding any rights related to oil and gas. It allows the trustee to retain ownership of oil and gas rights while selling the mineral rights to the individual. 5. Royalty Deed: A royalty deed grants a percentage of the profits or revenue generated from oil, gas, and mineral extraction to the individual, without transferring actual ownership of the rights. This is commonly used when a trustee wants to benefit from the resource extraction while providing the individual with a share of the income. Regardless of the type of Pasadena Texas oil, gas, and mineral deed from trust to an individual — salinterestedes— - single trustee, it is crucial for both parties to thoroughly review and understand the terms and conditions outlined in the deed before finalizing the transfer of rights. Consulting with a qualified attorney or legal professional experienced in oil, gas, and mineral transactions is highly recommended ensuring a smooth and legally sound transfer of ownership.
