San Antonio Texas Quitclaim Deed of Mineral Interests - Trust to Partnership

State:
Texas
City:
San Antonio
Control #:
TX-033-77
Format:
Word; 
Rich Text
Instant download

Description

This form is a Quitclaim Deed where the Grantor is aTrust and the Grantee is a partnership. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.

San Antonio Texas Quitclaim Deed of Mineral Interests — Trust to Partnership is a legal document that transfers ownership of mineral interests from a trust to a partnership in the city of San Antonio, Texas. This type of deed is commonly used in real estate or oil and gas transactions when a trust, acting as the legal owner of the mineral interests, wishes to sell or transfer these rights to a partnership entity. The deed serves as evidence of the transfer of title and conveys all the rights, title, and interest of the trust in the mineral estate being conveyed. It should contain detailed information about the parties involved, including the names and addresses of the trust and partnership, as well as their respective legal representatives. The deed should also state the specific mineral interests being transferred, which can include oil, gas, or other valuable minerals. Additionally, the deed should outline the terms and conditions of the transfer, including any warranties or guarantees made by the trust to the partnership regarding the validity of the title and absence of any encumbrances. It is crucial to include a legal description of the property, specifying the boundaries and exact location of the mineral interests being conveyed for clarity and accuracy. While there may not be different types of San Antonio Texas Quitclaim Deed of Mineral Interests — Trust to Partnership, variations in the deed may occur depending on the specific circumstances of the transaction. For example, the deed could specify whether the transfer is for a partial or entire interest in the mineral estate, as well as include any specific conditions or restrictions agreed upon between the trust and partnership. Overall, the San Antonio Texas Quitclaim Deed of Mineral Interests — Trust to Partnership is an essential legal document that facilitates the transfer of mineral rights from a trust to a partnership entity in San Antonio, Texas. It ensures the smooth and lawful transfer of ownership, protecting the rights and interests of both parties involved in the transaction.

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How to fill out San Antonio Texas Quitclaim Deed Of Mineral Interests - Trust To Partnership?

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FAQ

Like surface interests, mineral interests are passed down by inheritance. If there is a valid will, it controls who gets the property. If not, Texas laws of heirship controls.

Code Section 13.002. Signing - According to Texas Law (Section 11.002(c)), a quitclaim deed must be signed by the Grantor, along with two signing witnesses, or it may be notarized by a Notary Public. Recording - Once the document has been witnessed or notarized, it must be filed with the County Clerk's Office.

The owner may convey the land but retain the mineral rights through a statement in the deed transferring the land that reserves all mineral rights to the seller. The owner may convey the mineral rights while retaining the land, by which case the seller issues a separate mineral deed to the buyer of the mineral rights.

Transfer by deed: You can sell your mineral rights to another person or company by deed. Transfer by will: You can specify who you want to inherit your mineral rights in your will. Transfer by lease: You can lease mineral rights to a third party through a lease agreement.

Laws. Recording (V.T.C.A., Property Code § 11.001) ? This form must be filed at the Recorder's Office in the County Clerk's Office. Signing (V.T.C.A., Property Code § 12.001) ? The Grantor(s) has the choice of authorizing this form in the presence of Two (2) Witnesses or a Notary Public.

Transferring Texas real estate usually involves four steps: Find the most recent deed to the property.Create a new deed.Sign and notarize the deed.File the documents in the county land records.

All property Deeds prepared for $195 Do you have questions about a Quit Claim Deed?

In Texas, Oklahoma, Colorado and Montana, mineral owners can own the mineral rights indefinitely and there is no way for them to passively revert to the surface owner. If a surface owner wants to own the mineral rights under their land, they must find and contact the mineral owners and offer to purchase them.

Mineral rights in Texas are the rights to mineral deposits that exist under the surface of a parcel of property. This right normally belongs to the owner of the surface estate; however, in Texas those rights can be transferred through sale or lease to a second party.

How to Write a Texas Quitclaim Deed Preparer's name and address. Full name and mailing address of the person to whom recorded deed should be sent. The consideration paid for the real property. Grantor's name and status (single, married, or legal entity type) Grantor's mailing address.

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As Texas is a community property state, I do not need a Transfer on Death Deed, correct? The warranty deed with vendor's lien and both deeds of trust were each recorded, apparently simultaneously, in the records of.Gregg County, Texas. —San Antonio 1987, no writ), the court noted. Cerro del Yuta and Rio San Antonio Wilderness Areas. Sec. Sales of Texas real estate are typically governed by. Texas law and customs. Thank you for your understanding and cooperation during this time. Respectfully,. Lucy Adame-Clark Bexar County Clerk. These sections are linked to the below sample agreement for you to explore.

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San Antonio Texas Quitclaim Deed of Mineral Interests - Trust to Partnership